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Articles

The macroeconomics of low inflation and the prospects for global deflation  
Pierre L. Siklos

Macroeconomic implications of low inflation in the euro area  
Jürgen von Hagen, Boris Hofmann

Economic structure, policy objectives, and optimal interest rate policy at low inflation rates  
Diana N. Weymark

The difficulty of discerning what’s too tight: Taylor rules and Japanese monetary policy  
Kenneth N. Kuttner, Adam S. Posen

Policy commitment and expectation formation: Japan’s experience under zero interest rates  
Kunio Okina, Shigenori Shiratsuk

Monetary policy in deflation: the liquidity trap in history and practice  
Athanasios Orphanides

Articles

Transatlantic relations and the global economy  
Peter B. Kenen

Compositional effects of capital controls: evidence from Latin America  
Mary Kathryn Campion, Rebecca M. Neumann

Long-run monetary neutrality and the unit-root hypothesis: further international evidence  
Antonio E. Noriega

Investment and share prices: fundamental versus speculative components  
Christopher B. Branston, Nicolaas Groenewold

Variations in exchange rates and inflation in 82 countries: an empirical investigation  
Augustine C. Arize, John Malindretos, Srinivas Nippani

Exchange market pressure on the pound–dollar exchange rate: 1925–1931  
C. Paul Hallwood, Ian W. Marsh

Articles

Entry costs and outsourcing decisions: evidence from the U.S. overseas assembly provision  
Deborah L. Swenson

Looking back at the international deflation record  
Claudio Borio, Andrew J. Filardo

Can portfolio adjustments explain deviations of consumption from permanent income?: An empirical study of UK data  
Ronald MacDonald, Hassan Molana

The nominal theory of interest under habit formation: evidence for the U.S., 1959–2002  
João Ricardo Faria, André Varella Mollick