: comparison with Japan, comparison with the New Economic Policy (NEP), and assuming alternative post-1940 growth scenarios. …

period 1550–1630. We add evidence from Japan and China from the early modern period until 1800 to obtain a human capital …

. However, Japan started at a lower level than Britain and grew more slowly until the Meiji Restoration. …

. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies … uniquely vertical European aggregate supply curve, such a demand expansion would only create more inflation without bringing … indices for Japan and Europe. If anything, real wages in Europe and Japan were too flexible rather than too rigid, in the …

experiences of Germany and Japan during periods when their exchange rates have apparently been undervalued and the more general …

This paper considers the Great Inflation of the 1970s in Japan and Germany. From 1975 onward these countries had low … inflation relative to other large economies. Traditionally, this success is attributed to stronger discipline on the part of … Japan and Germany’s monetary authorities - for example, more willingness to accept temporary unemployment, or stronger …

Using data for the 1990s, this Paper examines the role of sheepskin effects in the returns to education for Japan. Our … the US. These results could be explained by the particular recruitment system of large firms in Japan, which makes the …