Showing 1 - 10 of 13
Since Jean Monnet conceived the Coal and Steel Community, free trade has successfully prevented serious conflicts in Europe between democratically governed States with market economies. After six countries established the European Community, this principle has been extended successfully to its...
Persistent link: https://www.econbiz.de/10009571054
Under what conditions can the European Neighbourhood Policy achieve one of its main objectives: to resolve conflicts in the European Union's neighbourhood? In the spirit of Montesquieu and Monnet, the basic hypothesis of the EU is that closer economic integration encourages governments to take...
Persistent link: https://www.econbiz.de/10009571288
This lecture addresses three related aspects of monetary and fiscal management in Europe and elsewhere. First, I discuss the implications of economic integration for monetary and fiscal policy, especially the narrow focus on low inflation as the main objective of monetary policy. I argue that...
Persistent link: https://www.econbiz.de/10011404264
This story describes the circumstances that led to all five of us starting as editors at the same time, the unexpected things we have found, the unanticipated reactions we have encountered, how we worked as an editorial team, the central role of the editorial office manager, how we managed to...
Persistent link: https://www.econbiz.de/10009375710
"Abenomics" refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan … experienced Japan's rapid growth of retired people. In this paper we will explain these three aspects of Abenomics and the current … state of the Japanese economy, and examine what further remedies may be required if Japan is to recover from its long …
Persistent link: https://www.econbiz.de/10011310989
the economy has often been debated. We estimated its impact in the Kyushu region of Japan by using the difference … impact not only in the case of Japan but also in other cases such as Uzbekistan. …
Persistent link: https://www.econbiz.de/10011653776
In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and … to 15 years became negative. On the other hand, bank loans to the corporate sector did not increase due to the Japanese … reduce its 2% inflation target in the present low oil price era. Secondly, it argues that Japan cannot make a sustainable …
Persistent link: https://www.econbiz.de/10011688675
Since 1998, sales channels for investment trusts have expanded in Japan. We expected this to result in greater demand … Japanese markets. Investment trusts are the vehicle for seizing world economic trends. However, the performance of Japan …
Persistent link: https://www.econbiz.de/10011688681
The Fukushima Daiichi nuclear disaster was an accident at the Fukushima I Nuclear Power Plant in Fukushima, Japan …-long nuclear shutdown in the country. During the shutdown, Japan substituted fossil fuels for nuclear power and became more … elasticity of oil consumption to crude oil price before and after the Fukushima disaster in Japan's various economic sectors. To …
Persistent link: https://www.econbiz.de/10011688682
This paper studies how an aging population affects economic performance and the effectiveness of fiscal and monetary policies. We develop a New Keynesian dynamic stochastic general equilibrium model with heterogeneous households, workers, and retirees. We demonstrate that an increase in the...
Persistent link: https://www.econbiz.de/10011688714