This essay examines the relationship between US policy toward commercialized sex, known as the 'American Plan', and postwar Japan's prohibitionism in the context of changes in the global management of commercialized sex over the course of the 20th century, and reconsiders the meaning of...

Recent theoretical research has studied extensively the link between wage setting and monetary policymaking in unionized economies. This paper addresses the question of the role of monetary uncertainty from both an empirical and theoretical point of view. Our analysis is based on a simple model...