COVID-19 pandemic has thrown labor markets into disarray, both globally and in Indonesia. The social restrictions and associated economic downturn are having massive negative effects on workers, and prospects for the economy as well as the quantity and quality of employment are deteriorating...

In India, from the past two decades, mergers and acquisitions have gained momentum and have made great contribution to the Indian economy. Various corporations have devised to this method of acquiring or merging with a running business for expanding its operations. Such combinations in India are...

Recessions impose sizable hardship, with large increases in the unemployment rate and related dislocations. In addition, recessions can lead to large shifts in financial markets. As a result, economists and financial market professionals have considered prediction models to assess the...

This paper follows the great depression methodology of Kehoe and Prescott (2002, 2007) to study the importance of total factor productivity (TFP) in the Greek economic crisis over the period 2008-2017. Using growth accounting and the neo- classical growth model, the paper shows that exogenous...

The North Korea nuclear weapon tests bring uncertain environment in northeast Asia. We document a decrease in the long-term investment of Chinese firms following each test. Such decrease also holds for Japanese firms and South Korean firms. The impact spreads from the test site and dwindles when...

We investigate the effect of the COVID-19 pandemic on self-employed people's mental health. Using representative longitudinal survey data from Germany, we reveal differential effects by gender: whereas self-employed women experienced a substantial deterioration in their mental health,...

COVID-19 crisis has exacerbated global economic inequality. Two main reasons behind this K-shaped scar are (1) the imbalance in the supply of vaccines among countries and (2) the difference in the ability of governments to financially support the economy. Besides cross-country gap in growth...

In reviewing what happened in the 1980s in Japan and how the bursting of the bubble created problems in the early 1990s, the following conclusions are obtained. (1) In order to limit damage to the economy from a bubble and its bursting, it is important to build a resilient financial system...

In this overview of the Symposium papers, we note that the bubble that occurred in Japan's asset markets in the late 1980s came at a time when the conventional indicators of Japan's economic performance were relatively stable. Following the collapse of the bubble, neither the Bank of Japan (BOJ)...

The paper examines whether Japanese exporters changed their strategic pricing behavior as a result of the profit squeeze of the late 1980s. It shows that shocks such as the end-of-bubble, the prolonged yen depreciation, and the Asian crisis affected export prices. These effects, however, are too...