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Journal Article
Financial liberalization and monetary control in Japan
This article examines the effects of financial market reform on monetary control in Japan during the past two decades. The authors identify changes in the Bank of Japan's operating strategy and evaluate the Bank's ability to influence key policy variables in the current liberalized environment.
Journal Article
Japan's growth performance over the last decade
Journal Article
External adjustment and U.S. macroeconomic performance
Journal Article
Prospects for the U.S. international travel deficit
Journal Article
Recent U.S. export performance in the developing world
U.S. exports to developing countries have grown remarkably in recent years, far outpacing our sales increases to the industrial world. The author seeks explanations for this strong performance in the traditional determinants of export growthrelative prices and income growthand in other factors linking world economic conditions to developing country demand for U.S. goods.
Journal Article
Interest rate divergences among the major industrial nations