Showing 1 - 10 of 10
Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...
Persistent link: https://www.econbiz.de/10011507659
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10011514149
Advanced statistical techniques are used to analyze Hong Kong output dynamics. Hong Kong, Japan and the U.S. are found …
Persistent link: https://www.econbiz.de/10011398863
The prospect of creating a currency union consisting of China, Japan, and Korea is evaluated using output data. After a …
Persistent link: https://www.econbiz.de/10011450312
-national analysis of micro data from Japan's Employment Status Survey and its U.S. counterpart, Current Population Survey. Our focus is … core employees (employees of prime age of 30-44 who have already accumulated at least five years of tenure) in Japan were … remarkably stable at around 70 percent over the last twenty-five years, and there is little evidence that Japan's Great Recession …
Persistent link: https://www.econbiz.de/10013117406
-term consequences for the labor market structure. To this end, we examine Japan's Lost Decade, the original Great Recession that … during Japan's Lost Decade there was a significant shift of the composition of employment toward "bad jobs." Second, we find … women in Japan made considerable progress in shifting the composition of their employment toward "good jobs" during Japan …
Persistent link: https://www.econbiz.de/10013104368
This paper analyses aggregate labour dynamics during the global financial crisis in Japan and the role of nonstandard …
Persistent link: https://www.econbiz.de/10013014011
prefectures. Furthermore, the intra-Japan Penn effect is driven essentially by prices of nontradables. The effect is also found … within Japan, we find that the measures of sectoral productivity do not behave in the way suggested by the Balassa …
Persistent link: https://www.econbiz.de/10009630643
We examine the period from 1991 to 2005 to document the effects of a changing Japanese labor market on trends in the cost of job change. During this period, job change penalties and the extent to which they were age-related grew. Evidence is also found of a diminishing specificity in human...
Persistent link: https://www.econbiz.de/10013316880
The statutory minimum wage has steadily increased for decades in Japan, while the median wage has fallen nominally …
Persistent link: https://www.econbiz.de/10013141769