. These two effects are tested against each other in a cointegration analysis for Japan and the US from 1957 until 1997 …

. These results are interesting not only for Japan, but also for other advanced economies where monetary policy is currently …

the U.S. and Japan across seven sectors. Ignoring parameter heterogeneity results in far riskier credit portfolios. …

employments in 19th-century Japan permits us to apply this approach to answer the following counterfactual: What factor … 1865-1876? Over the entire period, we find that trade was revealed to be equivalent to a 5.5% increase in Japan's female …

-memory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries such as Spain …

This paper studies the long-run relationship between consumption, asset wealth and income in Germany, based on data … departures of these three variables from their common trend signal changes in asset prices, we find that for Germany they predict … Germany than in the Anglo-Saxon economies and the share of publicly traded equity in household wealth is much smaller in …