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Public Policy Brief No. 19
Cooperate to Compete
Takao Kato outlines the types of human resource management practices (HRMPs) used in Japan and the effect of these employee participation programs on employee productivity and economic competitiveness. From these findings about the effects of HRMPs on Japanese productivity, Kato draws several conclusions for the direction that American policy might take in order to raise […]
Working Paper No. 139
On Stock Market Returns and Monetary Policy
No further information available.
Working Paper No. 138
US Foreign Trade, the Budget Deficit, and Strategic Policy Problems
No further information available.
Working Paper No. 137
Closing the R&D Gap
No further information available.
Working Paper No. 136
Statistical Inference via Bootstrapping for Measures of Inequality
No further information available.
Public Policy Brief No. 18
The Economics of Aging
S. Jay Levy presents a preliminary study of the consumption patterns of retirees and nonretirees during the 1980s, paying particular attention to the distribution of the national consumer product. The consumer product increased in aggregate size during the period, but the retirees’ portion of it grew four times faster than the working households’ share. Indeed, […]
Working Paper No. 135
Explaining Japan’s Saving Rate
No further information available.
Working Paper No. 134
Aggregate Demand and Micro Behavior
No further information available.
Working Paper No. 133
Monetary Policy, Stock Returns, and the Role of Credit in the Transmission of Monetary Policy
No further information available.
Working Paper No. 132
Federal Budget Balance—Tonic or Toxin?
Public Policy Brief No. 17
Narrow Banking Reconsidered
The functional approach to reforming the financial system advocates the structural separation of the depository and lending functions of banks. As a result of such a separation, monetary and credit policy undergo a parallel separation, and government supervision and regulation of the banking industry are modified. The policy prescription developed within this approach is narrow […]
Working Paper No. 131
The Earned Income Tax Credit and the Need to Synchronize Public Assistance Benefits
No further information available.