This paper presents work on wage/price blocks for the smaller OECD countries which has been implemented in OECD's world econometric model, INTERLINK. The paper discusses theoretical, statistical and practical aspects of the estimation of business sector wage equations and five domestic demand...

This paper surveys Japanese saving behaviour, whose rate is one of the highest among OECD countries. Macroeconomic factors such as rates of economic growth and inflation may have been important in explaining the high saving rate in the past and the more recent downward trend. Even though growth...

This paper discusses a quantitative simulation analysis on the impact of Japan's FTAs in Asia using a CGE model of global trade. It has been argued that a regional FTA would be a step toward global trade liberalization rather than a final goal. In fact, it is shown that changes in sectoral trade...