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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

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

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

Fiscal Rules at a Glance : Country Details from a New Dataset

Budina, Nina T. - 2012

This paper provides country-specific information on fiscal rules in use in 81 countries from 1985 to end-September 2012. It serves as background material and update of the July 2012 Working Paper Fiscal Rules in Response to the Crisis-Toward the 'Next Generation' Rules: A New Dataset and is also...

Persistent link: https://www.econbiz.de/10013096272

Fiscal Rules in Response to the Crisis-Toward the 'Next-Generation' Rules : A New Dataset

Schaechter, Andrea - 2012

Strengthening fiscal frameworks, in particular fiscal rules, has emerged as a key response to the fiscal legacy of the crisis. This paper takes stock of fiscal rules in use around the world, compiles a dataset - covering national and supranational fiscal rules, in 81 countries from 1985 to...

Persistent link: https://www.econbiz.de/10013098621

Distributional Consequences of Fiscal Consolidation and the Role of Fiscal Policy : What Do the Data Say?

Woo, Jaejoon - 2013

The 2007-09 Great Recession has led to an unprecedented increase in public debt in many countries, triggering substantial fiscal adjustments. What are the distributional consequences of fiscal austerity measures? This is an important policy question. This paper analyzes the effects of fiscal...

Persistent link: https://www.econbiz.de/10013074693

Expenditure Rules : Effective Tools for Sound Fiscal Policy?

Cordes, Till - 2015

This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes to the existing literature on fiscal...

Persistent link: https://www.econbiz.de/10013026921

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

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

Sharing the Growth Dividend : Analysis of Inequality in Asia

Jain-Chandra, Sonali - 2016

This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing...

Persistent link: https://www.econbiz.de/10012995280