However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

The aging and declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change.

During the past two decades, inflation has fallen to a low level in major industrial countries.

With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.

The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

We often fail to see that there is an invisible wall in a relationship - Cord 10, In Between Us!

Do not be fooled by your youthful appearance for very soon it would be taken away from you.

My main tactic is to focus on the people I respect. The people I think are great people. Do I have their respect? Do I have their support? If the answer is "yes," then I'm doing ok.

We were in the shadow of the mountains, the light was cool and quiet and no wind was stirring. The aspen trunks were slightly greenish and the leaves were a vibrant yellow.

You're likable enough, Hillary.

The wealthy have nothing left except money.

I think America has a bad rap right now... and hopefully Obama will change that.

A gift that cannot be given away ceases to be a gift. The spirit of a gift is kept alive by its constant donation.

I always want to rock.

Being busy is a form of laziness - lazy thinking and indiscriminate action. Being busy is most often used as a guise for avoiding the few critically important but uncomfortable actions.