The behavior of business fixed investment in the United States in the 1980s is examined. A background discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the empirical analysis. A standard neoclassical model of business fixed...

The provisions of the U. S. Tax Reform Act of 1986 (TRA) have potential effects on labor supply, household consumption and saving, and business fixed investment. The literature on the possible effects of tax reform is surveyed, and a model of U. S. business fixed investment is developed and...

Since the major deregulation of Indonesian banking in the late 1980s the quality and availability of local banking services has significantly expanded. But controversy continues over the impact of deregulation on the industrial structure of banking in Indonesia. This paper uses micro data to...

The economy continues along the general trajectory described in recent Surveys. Growth is picking up, led by consumption but restrained by investment. Inflation has fallen well below Bank Indonesia's current target rate. Most interest rates have followed suit, including key lending rates. Bank...

Idris F. Sulaiman, G. Hanafi Sofyan and Shannon Luke Smith (eds) (1998), Bridging the Arafura Sea: Australia-Indonesia Relations in Prosperity and Adversity, Asia Pacific Press, Asia Pacific School of Economics and Management, The Australian National University, pp. xxi + 325. David C. Cole and...

This paper examines the view that the recent Indonesian crisis was largely unforeseen. The broadest macroeconomic indicators were of virtually no help in presaging the crisis; neither were high-frequency financial indicators. But warnings were there, just below the surface, in some of the macro...

This paper examines the impact of the social security system on household saving in the United States. The theoretical properties of the transition period after large changes in benefits have not been sufficiently examined in earlier work; if the long-run result of a change is a fall in the...