period 1550–1630. We add evidence from Japan and China from the early modern period until 1800 to obtain a human capital …This paper first draws on a unique data set, hojok (household registers), to estimate numeracy levels in Korea from the …

This Paper considers monetary and exchange rate policy in Korea since the financial crisis of 1997-98. The Bank of … Korea has adopted much of the apparatus of inflation targeting, with a band for target inflation and a Monetary Policy … trade and investment as Korea, currency movements contain information useful for forecasting inflation and the output gap …

returns to scale (IRTS) in selected industrial sectors in order to estimate the welfare gains Korea would achieve from …

called the Triad: The United States, the EU and Japan. We focus on measuring possible asymmetries in market access between …

: comparison with Japan, comparison with the New Economic Policy (NEP), and assuming alternative post-1940 growth scenarios. …

Using data for the 1990s, this Paper examines the role of sheepskin effects in the returns to education for Japan. Our … the US. These results could be explained by the particular recruitment system of large firms in Japan, which makes the …

. Motivated by Japan’s recent economic experience, we use a dynamic general-equilibrium model to assess the welfare impact of open …-market operations for an economy in Japan’s predicament. We argue that Japan can achieve a substantial welfare improvement through large …