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The takeover boom that began in the mid-1980s has exhibited many phenomena not previously observed, such as hostile takeovers and takeover defenses, a...Savoir plus
When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several...Savoir plus
Do mergers lead to financial instability? How are shareholders' interests best served? How significant a role do taxes play? What are the implications...Savoir plus
For over a decade, the National Bureau of Economic Research has sponsored the Economics of Aging Program, under the direction of David A. Wise. The pr...Savoir plus
The debt crisis of 1982 caused serious economic disruptions in most developing countries. Reform, Recovery, and Growth explains why some of these coun...Savoir plus
Tax policy debates--and reforms--depend heavily on estimates of how alternative tax rules would affect behavior. Yet there is considerable controversy...Savoir plus
In fiscal year 1981-82, state and local government spending actually exceeded federal nondefense spending. However, past research in public finance ha...Savoir plus
Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world ec...Savoir plus
The tax rules of the United States and other countries have intended and unintended effects on the operations of multinational corporations, influenci...Savoir plus
For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those coun...Savoir plus
In recent years, the earnings of young blacks have risen substantially relative to those of young whites, but their rates of joblessness have also ris...Savoir plus
Governments and corporations may chip in, but around the world houshold saving is the biggest factor in national saving. To better understand why savi...Savoir plus
In the increasingly global business environment of the 1990s, policymakers and executives of multinational corporations must make informed decisions b...Savoir plus
Due to falling fertility rates, the aging of the baby-boom cohort, and increases in life expectancy, the percentage of the population that is elderly ...Savoir plus
As a united global economy evolves, economists and policymakers are forced to consider whether the current system of taxing income is inconsistent wit...Savoir plus
This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Altho...Savoir plus
Economists writing on flexible exchange rates in the 1960s foresaw neither the magnitude nor the persistence of the changes in real exchange rates tha...Savoir plus
Is the federal budget deficit a result of congressional deadlocks, gross miscalculation of economic trends, or a Republican strategy to tie the budget...Savoir plus
The past decade has witnessed a decline in saving throughout the developed world--the United States has the dubious distinction of leading the way. Th...Savoir plus
The realities of Japanese-U.S. trade and investment relations are clouded by mistrust, misinformation, and myth. In what way is the Japanese economic ...Savoir plus
As a united global economy evolves, economists and policymakers are forced to consider whether the current system of taxing income is inconsistent wit...Savoir plus
Six leading economists examine the financing of corporate capital formation in the U.S. economy. In clear and nontechnical terms, their papers provide...Savoir plus
The declining U.S. national saving rate has prompted economists and policymakers to ask, should the federal government encourage household saving, and...Savoir plus