Nobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations...

1. Ageing and employment in Japan -- 2. Factors affecting labor force participation in Japan : empirical study of labor supply of the elderly and females -- 3. Labor force ageing and economic growth in Japan -- 4. Ageing and elderly care in an open economy -- 5. Immigration vs. foreign...

In most industrialized countries the tax burden of poor people has increased dramatically over the last few decades. This book analyses both the political origins of this increase and its consequences for the labour market

"Combining theoretical and practical aspects of policy analysis, this book evaluates actual and proposed policy reforms to income tax and transfer systems, using a behavioural tax microsimulation model. It highlights how these models allow for the full details of tax systems and the considerable...

1. Introduction -- 2. Investigating productivity slowdown in the 1990s by using the KLEM database in Japan -- 3. The sources of growth of US industries -- 4. Total factor productivity growth in Chinese industries, 1981-2000 -- 5. Growth accounting and productivity analysis by 33 industrial...

1. Introduction : the world economy in historical perspective -- 2. Economic growth and development : a very long-run view -- 3. Growth theories : old and new -- 4. Managing aggregate economic instability : from Keynes to Lucas -- 5. International economic integration in the Second Global Age.

What is the New Economy, what makes it new, and what are the implications for antitrust, regulation and macroeconomic policy? Providing a non-technical and compelling analysis of the modern macro-economy, the contributors to this volume, eminent scholars all, provide their views on the New...