There is no debate amongst economists that Japan performed poorly during the1990s. This can be seen in falling growth … promising ones. To do so, I applied the Business Cycle Accounting procedure developed by V V Chari, Ellen R McGrattan and … 1990s. So, any model that tries to focus on what went wrong in Japan in 1990s would do well to focus on frictions on …

now that the model has become an auto-nomous, unreflected item in international accounting standards and law allowing … "creative" accounting. There is no economial relation between the future value of an underlying and it's current volatility …

of a simultaneous equations structural model connecting macro and microeconomic (market) variables with accounting …

Instead of relying on accounting principles and illustrative accounting examples, this paper examines the rationale for …

Proper monetary accounting rules are: (1) Central Banks should conform to the practice of the US Federal Reserve to …

condition its effective independence. Vulnerability may be real or accounting based. However, no matter its origin … paper analyses in the context of simple VAR model the interplay between capitalization, accounting rules and dividend …

The tax office wins most cases in Japan. We think about why this might be. We find that although judges who rule in …

Conviction rates in Japan exceed 99 percent -- why? On the one hand, because Japanese prosecutors are badly …