Showing 1 - 10 of 166
Populists claim to be the only legitimate representative of the people. Does it mean that there is no space for civil society? The issue is important because since Tocqueville (1835), associations and civil society have been recognized as a key factor in a healthy liberal democracy. We ask two...
Persistent link: https://www.econbiz.de/10011978365
This paper develops a 2-country New Keynesian overlapping generations model suitable for the joint evaluation of monetary and fiscal policies. We show that a permanent increase in U.S. government deficits raises the world real interest rate and significantly increases U.S. current account...
Persistent link: https://www.econbiz.de/10014401072
Persistent link: https://www.econbiz.de/10009424688
Persistent link: https://www.econbiz.de/10009488603
Persistent link: https://www.econbiz.de/10009488605
We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to … and policy variables. Our analysis suggests that achieving the Bank of Japan's 2 percent inflation target has a positive …
Persistent link: https://www.econbiz.de/10011281935
Both Japan and Korea are trying to boost female labor force participation (FLFP) as they face the challenges of a … towards non-regular employment despite women's high education levels. This paper empirically examines what helps Japan and … tend to reduce the proportion of regular female employment in Japan and Korea, (ii) the persistent gender wage gap …
Persistent link: https://www.econbiz.de/10011281943
We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10011373921
Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic …
Persistent link: https://www.econbiz.de/10011373924
A surge of exports in the 2000s helped Japan exit the severe decade-long stagnation known as the lost decade. Using …
Persistent link: https://www.econbiz.de/10009620269