Commodity prices have become volatile over the past 2 decades, and their recent sharp decline has decreased the consumer price index inflation rates for most economies. While many Asian economies have benefited from low international oil and food prices, commodity exporters have suffered. Thus,...

There are many real-world situations in which complex interacting forces are best described by a series of equations. Traditional regression approaches to these situations involve modeling and estimating each individual equation (producing estimates of "partial derivatives") and then solving the...

This paper describes the statistics reforms in Japan, especially in regard to gross domestic product and related statistics, that were meant to identify and then rectify the problems in Japanese government statistics. The paper then explains the recent revelation of serious errors in vital wage...