Skip to main content

Modern Macroeconomics with Historical Perspectives

  • Book
  • © 2023


  • Includes recent advanced macroeconomic theory
  • Discusses human capital and political institutions in Japan
  • Includes not only a macroeconomic model but also historical perspective

Part of the book series: New Frontiers in Regional Science: Asian Perspectives (NFRSASIPER, volume 67)

This is a preview of subscription content, log in via an institution to check access.

Access this book

eBook USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

About this book

This book gives readers advanced insights into macroeconomics with historical perspectives and proposes policies to resolve the problems the Japanese economy faces. In the past decade, Japan has experienced a rapidly aging population with an ever-decreasing number of children. This causes significant problems related to macroeconomics covered by this book: a decreasing population, an increasing public debt, an increasing social security expenditure, and deteriorating labor productivity. Thus, the government must change the course it has followed until now. These problems can be categorized into two types: (1) human capital and (2) political institutions. The book therefore consists of two parts. The first, using a macroeconomic model, is mainly a discussion of health and education problems related to human capital. The second part deals with policy problems related to political institutions, that is, the intergenerational imbalance, preventive medicine, local public utilities, and other political issues. Through the arguments presented here, readers gain knowledge that will help to achieve the necessary economic policies in Japan.


Table of contents (10 chapters)

Editors and Affiliations

  • Faculty of Economics, Tohoku Gakuin University, Sendai, Japan

    Shuetsu Takahashi, Tsuyoshi Shinozaki

  • Graduate School of Economics, Nagoya University, Nagoya, Japan

    Mitsuyoshi Yanagihara

  • Faculty of Economics, Kokugakuin University, Shibuya, Japan

    Kei Hosoya

About the editors

Shuetsu Takahashi is Professor Emeritus at Tohoku Gakuin University, Japan. His areas of interest are very wide, which include macroeconomics, microeconomics, regional science and Japanese modern economic history. He has published a history book with macroeconomic perspectives, Gold Coin Outflow and Yokohama Foreign Exchange Market in the early 1860s (in Japanese) and also a biography book on the second governor of the Bank of Japan, Tetsunosuke Tomita: Student Studying in America in the late 1860s (in Japanese). He served as President of the Japan Section of the Reginal Science Association International for two years from January 2019.  (97words)

Mitsuyoshi Yanagihara is a Professor of Economics at Nagoya University, Japan. He obtained a Ph.D. in Economics in 1998 from Osaka University. He worked at Nagoya University of Commerce and Business, and at Nagoya University. He was also a Visiting Scholar at Brown University and has been a ResearchMember of Financial System Research Group of the Research Institute for Economics and Business Administration at Kobe University and a Research Fellow of Institute of Economics at Chukyo University. He is a Director of the Japan Section of the Regional Science Association and a member of Steering Committee of Chubu Branch of the Japan Society of Household Economics. His research interests are macroeconomics, public finance, economics of education, and international economics. Recent publications include “Population Growth and the Transfer Paradox in an Overlapping Generations Model” (Review of Development Economics, 2019, Co-authored with Kojun Hamada, and Tsuyoshi Shinozaki).

Kei Hosoya is currently Professor of Economics at Kokugakuin University. He received his Ph.D. in Economics in 2003 from Hitotsubashi University, and then became a Research Fellow at the Japan Society for the Promotion of Science (JSPS). After serving as Lecturer and Associate Professor at Tohoku Gakuin University, he became Associate Professor at Kokugakuin University. During this period, he has been engaged in research activities at the Institute of Statistical Research of Japan, the Research Institute of Economy, Trade and Industry (RIETI), and the Research Institute for Economics and Management, Gakushuin University. His main research interests are dynamic macroeconomics, including economic growth theory, and public economics. More recently, he has also engaged in health economic analysis, including the COVID-19 research. Recent publications include “Endogenous Time Preference and Infrastructure-led Growth with an Unexpected Numerical Example” (Portuguese Economic Journal, 2022, forthcoming).

Tsuyoshi Shinozaki is a Professor of Economics at Tohku Gakuin University, Japan. He received his Ph.D. in Economics in 2007 from Nagoya University. He was a Visiting Professor at the University of Catania. He is a member of the International Institute of Public Finance, Association for Cultural Economics International, the Japan Association of Local Public Finance, and the Japan Section of the Regional Science Association. His main research interests are economic growth theory, public economics, and international economics. Recent publications include “International Trade and Capital Accumulation in an Overlapping Generations Model with a Public Intermediate Good” (Review of International Economics, 2019, Co-authored with Makoto Tawada, and Mitsuyoshi Yanagihara).

Bibliographic Information

  • Book Title: Modern Macroeconomics with Historical Perspectives

  • Editors: Shuetsu Takahashi, Mitsuyoshi Yanagihara, Kei Hosoya, Tsuyoshi Shinozaki

  • Series Title: New Frontiers in Regional Science: Asian Perspectives

  • DOI:

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Singapore Pte Ltd. 2023

  • Hardcover ISBN: 978-981-99-1066-3Published: 29 August 2023

  • Softcover ISBN: 978-981-99-1069-4Due: 13 March 2024

  • eBook ISBN: 978-981-99-1067-0Published: 28 August 2023

  • Series ISSN: 2199-5974

  • Series E-ISSN: 2199-5982

  • Edition Number: 1

  • Number of Pages: XV, 201

  • Number of Illustrations: 1 b/w illustrations

  • Topics: Regional/Spatial Science, Microeconomics, Economic Growth

Publish with us