The Internet stimulates trade. Using a gravity equation of trade among 56 countries, we find no evidence of an effect … of the Internet on total trade flows in 1995 and only weak evidence of an effect in 1996. However, we find an increasing … that the effect of the Internet on trade has been stronger for poor countries than for rich countries, and that there is …

in Japan and to assess whether the recent behavior of the Japanese economy differs from that in previous recessions …

model with rational expectations. MX3 is a medium-sized quarterly model of the United States, Japan, and West Germany. The …

that Japan's high depreciation rate is caused by that country's high rate of technological progress. Hiqh depreciation …

past decade, the United States and Japan. ; We find that the conventional partial-equilibrium model of the trade balance … appreciates, partly because the prices of petroleum and other imported raw materials in Japan tend to fall in proportion to the …