rate (ratio of depreciation to the capital stock) is implausibly high. I argue in this rejoinder that Japan's high … Japan. Second, equipment capital (a component of the denominator in the depreciation rate) in the Japanese national accounts … seems underestimated. Therefore, my estimate of the level of depreciation for Japan does not seem exaggerated …

Mexico and South Africa rise sharply in the growth rankings, whereas China, Germany, and Japan plummet. These results are … robust to incorporating time use and fertility decisions using data from the U.S., Mexico, the Netherlands, Japan, South …

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