Efforts for economic integration in African countries started since the early 1960s, and culminated in the establishment of an African Union in July 2001. The Union’s Constitution Act called for the...
The paper analyzes the performance of the Japanese economy from 1985 to 1999. It compares different explanations of slow growth and prolonged recession. Using both bivariate comparisons and statistica...
Since the latter half of the 1980s, Japan?s economy has experienced the emergence, expansion, and bursting of a bubble economy, characterized by a rapid rise in asset prices, the overheating of econom...
A stable predictive relationship between inflation and the output gap, often referred to as a Phillips curve, provides the basis for countercyclical monetary policy in many models. In this paper, we e...
A stable predictive relationship between inflation and the output gap, often referred to as a Phillips curve, provides the basis for countercyclical monetary policy in many models. In this paper, we e...