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

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.

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.

Awake all living souls and shine thy light.

Cure for an obsession: get another one.

I give permission for IBM, its customers, partners, and minions, to use JSLint for evil.

Our desires, be they spiritual or temporal, should be rooted in a love of the Lord.

The best use one can make of his mind is to distrust it.

I think fans of the sport have a good understanding now of how fit Formula One drivers need to be.

There is no priority higher than the prevention of terrorism

For very strangely his officers looked upon Jack Aubrey as a moral figure, in spite of all proofs of the contrary...

I just have to be very, very organised.

Give us this day our daily mask.