About the Author

Dr. Posen, the President of the Peterson Institute for International Economics, has specialized in macroeconomic and monetary policy, resolution of financial crises, central banking issues, and the economies of Western Europe, Japan, and the United States. Dr. Posen brings a distinctively global perspective to macroeconomic policy analysis and forecasting. He has written about the financial and economic challenges faced by the European Union following the adoption of the euro and the lasting impact of Japan's economic crisis of the 1990s, while providing counsel directly to the Japanese government in Tokyo. Leading up to the successful London G-20 summit of 2009 during the global financial crisis, he consulted for the UK Cabinet Office.

Reviews

[Posen] offers a trenchant examination of Japanese fiscal policy during the 1990s... He persuasively debunks the argument that fiscal stimulus cannot work in Japan. -- Richard N. Cooper Foreign Affairs Japan's persistent stagnation is among the most important problems confronting the world economy today, and Adam Posen's treatment of it is the best I have seen. His analysis is right on the mark. -- Benjamin Friedman and William Joseph Maier Professor of Political Economy Harvard University Its analysis is convincing, and its policy recommendations are... sensible. I strongly recommend it to economists and policymakers alike. I... hope that Japanese policymakers have the wisdom to heed his advice. -- Charles Yuji, Horioka Osaka University and National Bureau of Economic Research Journal of Economic Literature