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After experiencing spectacular economic growth and industrial development for much of the postwar era, Japan plunged … is only now emerging. Japan's malaise, marked by recession or weak economic activity, commodity and asset price deflation … industrial world since the 1930s. In Japan's Great Stagnation, experts on the Japanese economy consider key questions about the …
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Today's highly complicated tax codes have led economists and policy makers depend on simplified summary measures in order to understand how taxes affect the economy. Studies of the effective tax rate--that is, a measurement of the net amount of tax levied on certain economic activities--provide...
Persistent link: https://www.econbiz.de/10013481740
In recent decades, governments have built up substantial public debt, which is often accompanied by a growing public sector and fiscal policies that neglect long-term considerations. The contributors to this CESifo volume consider whether the development of public debt in the United States and...
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The six studies collected in this CESifo volume analyse the sometimes unpredictable effects of public regulation on the labour market. Examining a wide range of policy interventionsfrom subsidised employment to an increased tax on capital and using a variety of methodologies to analyse them,...
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Intro -- CESifo Seminar Series -- Contents -- Contributors -- Series Foreword -- Preface -- 1 Introduction -- I China's Exchange Rate Policy -- 2 United States, China, and the Rebalancing Debate: Misalignment, Elasticities, and the Saving-Investment Balance -- 3 The Role of the Chinese Dollar...
Persistent link: https://www.econbiz.de/10012683469
The success of European monetary integration-what the editors of this CESifo volume call "one of the most far-reaching, real world experiments in monetary policy to date"-is not assured. Policy makers have been forced to deal with challenges posed by formulating a uniform monetary policy for...
Persistent link: https://www.econbiz.de/10013481738
The sixteen essays in this book were written to celebrate the ninetieth birthday of Richard Musgrave and to commemorate the tenth anniversary of CES, the Center for Economic Studies at the University of Munich. Musgrave is considered to be a founding father or modern public economics. He belongs...
Persistent link: https://www.econbiz.de/10013481736