We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring …

Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and … Bundesbank and the Bank of Japan each focus on one money target, described by the Bundesbank as a target, and by the Bank of … Japan as a projection. None of the countries has stuck rigorously to the targets, though the Bank of Japan has come close …

, and economic transition paths of China, Japan, the U.S., and the EU. Each of these countries/regions is entering a period … prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by …

, Europe, and Japan. We use these asset prices to construct equity yields, analogous to bond yields. We decompose these yields … events such as the financial crisis and the earthquake in Japan …

Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations …

international patent applications in the US, Japan, the European Patent Office, and corresponding filings in three developing …

realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve … a percentage point of GDP. Taken together, these results indicate that a realignment of global growth -- with Japan and …

Three large current account imbalances -- one deficit (the United States) and two surpluses (Japan and the Euro area … process that involves real depreciation in its exchange rate. For Japan, a little more than 1 percentage point (of GDP) of the …