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

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.

Whatever it is that may be bothering you, whatever it is that may have your attention arrested, you have the power to rescue yourself.

A change in hairstyle gives a new look.

What is man but an illusion perceiving itself in a nested hierarchy of holographic information.

Revenge is possible only if you spare the enemy.

Life for me these days is a lot about letting the unknown be wonderful.

The Popish theory, which assumes that Christ, the Apostles and believers, constituted the Church while our Saviour was on earth, and this organization was designed to be perpetual.

Apparently it’s my fault that the Titanic sank.

If you're trying to hide something, you wouldn't keep getting away with it for 10 years. Nobody is that clever.

My only sanction is the love and affection in which you hold me. But it has its weaknesses, as it has its strengths.

Also I wanted to be able to love And we all know how that one goes, don't we? Slowly