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The fiscal multiplier and spillover in a global liquidity trap
Fujiwara, Ippei; Ueda, Kozo - Federal Reserve Bank of Dallas - 2010
liquidity trap. Using an optimizing two-country sticky price model, we show that the fiscal multiplier and spillover are …
Persistent link: https://www.econbiz.de/10008465683
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Do banking shocks matter for the U.S. economy?
Hirakata, Naohisa; Sudo, Nao; Ueda, Kozo - Federal Reserve Bank of Dallas - 2011
The quantitative significance of shocks to the financial intermediary (FI) has not received much attention up to now. We estimate a DSGE model with what we describe as chained credit contracts, using Bayesian technique. In the model, credit-constrained FIs intermediate funds from investors to...
Persistent link: https://www.econbiz.de/10009292923
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Micro price dynamics during Japan's lost decades
Sudo, Nao; Ueda, Kozo; Watanabe, Kota - Federal Reserve Bank of Dallas - 2013
provide five facts. First, posted prices in Japan are ten times as flexible as those in the U.S. scanner data. Second, regular … change across products is sizable and maintained throughout the sample period. Fourth, during Japan's lost decades, temporary …
Persistent link: https://www.econbiz.de/10010772598