Human Psychology and Economic Fluctuation

HIDEAKI TAMURA is an assistant to the Director of The Bank of Tokyo-Mitsubishi UFJ. The study reflects his own successive observations during the disheartening post-bubble economic period known as 'the lost decade' that arose in Japan from the early-1990s.

The Human Income-Expenditure Balance Fundamentals of the Theory of Diminishing Utility Analysis of a Non-Monetary Economy Extension to Analysis of a Monetary Economy Human Psychology and Economic Fluctuation The Effectiveness of Aggregate Demand Management Policy Dynamic Analysis of Demand Psychology and Policy Implications A Summary of our Theoretical Framework