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Unstash the Cash! Corporate Governance Reform in Japan
Aoyagi, Chie - 2014
Japan's high corporate savings might be holding back growth. We focus on the causes and consequences of the current … corporate behavior and suggest options for reform. In particular, Japan's weak corporate governance - as measured by available … comprehensive corporate governance reform should be a key component of Japan's growth strategy …
Persistent link: https://www.econbiz.de/10013048363
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Unstash the Cash! Corporate Governance Reform in Japan
Aoyagi, Chie; Ganelli, Giovanni - International Monetary Fund (IMF) - 2014
Japan’s high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japan’s weak corporate governance—as measured by available indexes—might be...
Persistent link: https://www.econbiz.de/10011142069
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Foreign Help Wanted : Easing Japan's Labor Shortages
Ganelli, Giovanni - 2015
Data and anecdotal evidence suggest that Japan is suffering from labor shortages, which are large in an international … focuses on policy options to ease Japan's labor shortages. In particular, we focus on possible measures to increase reliance …
Persistent link: https://www.econbiz.de/10013015603
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Spillovers from Japan's Unconventional Monetary Policy to Emerging Asia : A Global VAR Approach
Ganelli, Giovanni - 2016
We use a Global VAR model to study spillovers from the Bank of Japan's quantitative and qualitative easing (QQE) on …
Persistent link: https://www.econbiz.de/10012977736
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Fiscal Devaluation in a Monetary Union
Engler, Philipp - 2014
Using a DSGE model calibrated to the euro area, we analyze the international effects of afiscal devaluation (FD) implemented as a revenue-neutral shift from employer's socialcontributions to the Value Added Tax. We find that a FD in 'Southern European countries' has a strong positive effect on...
Persistent link: https://www.econbiz.de/10013040409
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The International Effects of Government Spending Composition
Ganelli, Giovanni - 2021
This paper helps resolve a paradox in the literature, noticed by Alesina and Perotti (1995), which is that, although government employment is an important component of public spending, the debate on the effects of fiscal policy focuses almost exclusively on shocks to non-wage government...
Persistent link: https://www.econbiz.de/10013318101
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How Inclusive Is Abenomics?
Aoyagi, Chie; Ganelli, Giovanni; Murayama, Kentaro - International Monetary Fund (IMF) - 2015
We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to …
Persistent link: https://www.econbiz.de/10011242353
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Fiscal Devaluation in a Monetary Union
Engler, Philipp; Ganelli, Giovanni; Tervala, Juha; … - International Monetary Fund (IMF) - 2014
Using a DSGE model calibrated to the euro area, we analyze the international effects of a fiscal devaluation (FD) implemented as a revenue-neutral shift from employer's social contributions to the Value Added Tax. We find that a FD in ‘Southern European countries’ has a strong...
Persistent link: https://www.econbiz.de/10011142031
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Public Spending Management and Macroeconomic Interdependence
Ganelli, Giovanni - International Monetary Fund (IMF) - 2004
This paper studies, in the context of a New Open Economy Macroeconomics (NOEM) model, the effects of "public competition policies" aimed at improving the efficiency of public spending. Such measures are modeled as an increase in the price elasticity of public consumption. The paper finds that...
Persistent link: https://www.econbiz.de/10005768776
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Public Infrastructures, Public Consumption, and Welfare in a New-Open-Economy-Macro Model
Ganelli, Giovanni; Tervala, Juha - International Monetary Fund (IMF) - 2007
This paper focuses on the trade-off faced by governments in deciding the allocation of public expenditures between productivity-enhancing public infrastructures and utility-enhancing public consumption. From the modeling point of view, the paper augments a standard New Open Economy...
Persistent link: https://www.econbiz.de/10005769025