In this paper we investigate policies for the large and small country that provide complete insulation from foreign real and monetary disturbances. We find that when there exists two channels of transmission, the integrated commodity and capital markets, using only exchange rate policies does...

This paper puts recent work on the benefits of variety into the context of a more complete quantitative analysis of the Dixit-Stiglitz-Krugman model of monopolistic competition. We show how the gains from globalization are reflected in the increase in variety and the exploitation of economies of...

Suicide rates in Japan have increased dramatically in recent years, making. Japan’s male rate the highest among developed economies. This study revises the standard economic model of suicide to accommodate Japan’s experience, focusing on the change in human capital for the unemployed. We...