To date, most research on Interwar Period economic fluctuations in Japan has been based on Estimates of Long-term Economic Statistics of Japan (LTES), edited by Kazushi Ohkawa et al. Regardless, the LTES data are just one set of estimations. They require scrutiny, especially for the measurement...

To date, most research on interwar period economic fluctuations in Japan has been based on Estimates of Long-Term Economic Statistics of Japan since 1868 (LTES), edited by Kazushi Ohkawa et al. Regardless, the LTES data are just one set of estimations. They require scrutiny, especially for the...

Under Japanfs prewar capital stock system of joint-stock companies, rather than paying the full face value of a share in one lump sum, shareholders paid for stocks in multiple installments. This system was transplanted from industrialized Western nations during the Meiji Era to make it easier...

For a long time during the twentieth century the mainstream economists and economic historians dealt with prevailing theory of basic difference between Herbert Hoover and Franklin Delano Roosevelt policies concerning to the Great depression. Nowadays, this contrast does not seem to be so...

This paper is about the size of fiscal multipliers and the sources of recovery from the Great Depression. Its contributions begin with a new quarterly data set for the interwar period that allows development of a VAR model of the U. S. economy over the period 1920-41. The quarterly data...

According to the Washington Consensus, developing countries' growth would benefit from reductions in barriers to trade. However, the empirical basis for judging trade reforms is weak. Econometrics are mostly ad hoc; results are typically not judged against models; policies are poorly measured; and...

Gute Politik und Glück – Was uns die fabelhaften 90er Jahre der USA lehren und was nicht Die Arbeit von Blinder/Yellen ist eine der ersten, die sich mit dem makroökonomischen Hintergrund des langen Aufschwungs der USA in den 90er Jahren auseinandersetzt. Sie arbeitet eindrucksvoll das gute...

This paper summarizes the international evidence on the performance of quantitative easing (QE) as a monetary policy tool when conventional policy rates are constrained by the effective lower bound (ELB). A large body of evidence suggests that expanding the central bank's balance sheet through...

Cluster analysis is used to explore the performance of key macroeconomic variables in European countries that share the euro, from the inception of the currency in 2002 through to 2013. An original applied statistical approach searches for a pattern synthesis across a matrix of macroeconomic...

Cluster analysis is used to explore the performance of key macroeconomic variables in European countries that share the euro, from the inception of the currency in 2002 through to 2013. An original applied statistical approach searches for a pattern synthesis across a matrix of macroeconomic...