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The Implications of a graying japan for government policy

Braun, R. Anton; Joines, Douglas H. - Federal Reserve Bank of Atlanta - 2014

Japan is in the midst of a demographic transition that is both rapid and large by international standards. As recently … as 1990, Japan had the youngest population among the Group of 6 large, developed countries. However, the combined effects … of aging of the baby boomer generation and low fertility rates have produced very rapid aging. Japan now finds itself …

Persistent link: https://www.econbiz.de/10011098953

Aggregate unemployment in Krusell and Smith's economy : a note

Del Negro, Marco - 2005

"Using data on workers' flows into and out of employment, unemployment, and not-in-the-labor-force, I construct transition probabilities between "employment" and "unemployment" that can be used in the calibration of economies such as Krusell and Smith's (1998). I show that calibration in Krusell...

Persistent link: https://www.econbiz.de/10002913538

Fiscal and monetary policy interactions in an endogenous growth model with financial intermediaries

Espinosa, Marco A.; Yip, Chong K. - Federal Reserve Bank of Atlanta - 1995

We review some inflationary and growth claims surrounding fiscal and monetary policy interactions. While financial intermediation has long been acknowledged as a key mechanism in the transmission of these interactions, only recently have economists incorporated the explicit modeling of such...

Persistent link: https://www.econbiz.de/10005401934

Economic review

Federal Reserve Bank of Atlanta - Atlanta, Ga. - 62.1977,5 - 92.2007

Persistent link: https://www.econbiz.de/10000463578

Markov-Switching structural vector autoregressions : theory and application

Rubio-Ramírez, Juan Francisco (contributor); … - 2005

"This paper develops a new and easily implementable necessary and sufficient condition for the exact identification of a Markov-switching structural vector autoregression (SVAR) model. The theorem applies to models with both linear and some nonlinear restrictions on the structural parameters. We...

Persistent link: https://www.econbiz.de/10003227207

Economic review

Federal Reserve Bank of Atlanta - Atlanta, Ga. : The Federal Reserve Bank; … - Nachgewiesen 72.1987 - 95.2010,3; damit Ersch. eingest.

Persistent link: https://www.econbiz.de/10001637434

A moment-matching method for approximating vector autoregressive processes by finite-state Markov chains

Gospodinov, Nikolay; Lkhagvasuren, Damba - Federal Reserve Bank of Atlanta - 2013

This paper proposes a moment-matching method for approximating vector autoregressions by finite-state Markov chains. The Markov chain is constructed by targeting the conditional moments of the underlying continuous process. The proposed method is more robust to the number of discrete values and...

Persistent link: https://www.econbiz.de/10010732471

Government financing in an endogenous growth model with financial market restrictions

Espinosa-Vega, Marco A.; Yip, Chong K. - Federal Reserve Bank of Atlanta - 2000

In this paper we develop an endogenous growth model with market regulations on explicitly modeled financial intermediaries to examine the effects of alternative government financing schemes on growth, inflation, and welfare. ; We find that in the presence of binding legal reserve requirements, a...

Persistent link: https://www.econbiz.de/10005721718

Fiscal policy and trade adjustment: are the deficits really twins?

Rosensweig, Jeffrey A.; Tallman, Ellis W. - Federal Reserve Bank of Atlanta - 1991

Persistent link: https://www.econbiz.de/10005721774

An analysis of Japanese stock return dynamics conditional on U.S. Monday holiday closures

Hiraki, Takato; Maberly, Edwin D. - Federal Reserve Bank of Atlanta - 2000

This paper examines a unique data set consisting of Japanese equity returns for the Friday, Monday, and Tuesday surrounding U.S. Monday holiday closures. The objective is to neutralize the impact of spillover effects from New York to Tokyo. Prior studies find that Japanese returns are negative...

Persistent link: https://www.econbiz.de/10005401860