declines in Japanese inflation expectations. Policies undertaken by the Bank of Japan during this period did little to …

Did monetary ease in the 1980s cause Japan's bubble, as is often suggested? Drawing on both a new cross …-national consideration of the monetary policy-asset price linkage and a re-examination of what actually occurred in Japan 1985-1990, I … cause Japan's Great Recession? In fact, Japan's recession of 1990-94 was mild, and only a combination of policy mistakes …

in the Association of Southeast Asian Nations (ASEAN), especially since the 1997-1998 Asian financial crisis. According … currency union. The large increase in intra-ASEAN trade in recent years raises the question of whether the ASEAN countries are … becoming better prepared to form a currency union. This article sets to test whether the recorded increase in intra-ASEAN trade …

Philippines, and Thailand (the ASEAN-4) de-industrialize and return to the roles they had in the 1950s and 1960s as primary … commodity exporters? Or will there be sufficient lucrative niches within the manufacturing production chains in which the ASEAN … force into the international division of labor might create significant welfare losses in the ASEAN-4, but only if foreign …

withinASEAN and outside ASEAN to the countries and compare these influences with those ofother macroeconomic and institutional … factors over time. The analysis is undertaken usinga panel data set covering ten ASEAN countries over the period 1980 … inflows into ASEAN countries and confirm the crucial roleplayed by the quality of domestic institutions. The results are …

, due to a slowdown in working-age population growth. Japan, Germany, Italy and Spain face the least favourable growth …