We consider a neoclassical interpretation of Germany and Japan's rapid postwar growth that relies on a catch … and investment, we are able to capture many of the key empirical properties of Germany and Japan's postwar transitions …

education spending and teacher salaries falls sharply when respondents receive information about existing levels. Treatment … effects vary by prior knowledge in a manner consistent with information effects rather than priming. Support for salary … countries could explain Germans' lower support for increases. Information about the tradeoffs between different categories of …

One of the great unknowns in international finance is the process by which new information influences exchange rate … behavior. This paper focuses on one important source of information to the foreign exchange markets, the intervention … traders know that a central bank is intervening at least one hour prior to the public release of the information in newswire …

fiscal surpluses in the US, the annual announcement of yet another fiscal stimulus package in Japan, and Maastricht limits on …