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Does Global Liquidity Matter for Monetary Policy in the Euro Area?
Berger, Helge - 2009
Global excess liquidity is sometimes believed to limit sovereign monetary policy even in large economies, including the euro area. There is much discussion about what constitutes global excess liquidity and our approach adjusts liquidity for longer-term interest rate and output effects. We find...
Persistent link: https://www.econbiz.de/10014404266
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Populism and civil society
Boeri, Tito; Mishra, Prachi; Papageorgiou, Chris; … - 2018
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
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Social Capital and Civil Society
Fukuyama, Francis - 2000
Social capital is an instantiated informal norm that promotes cooperation between individuals. In the economic sphere it reduces transaction costs, and in the political sphere it promotes the kind of associational life that is necessary for the success of limited government and modern democracy....
Persistent link: https://www.econbiz.de/10014399926
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Bank of Japan’s quantitative and credit easing : are they now more effective?
Berkmen, S. Pelin - 2012
Persistent link: https://www.econbiz.de/10009424688
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The impact of fiscal consolidation and structural reforms on growth in Japan
Berkmen, S. Pelin - 2011
Persistent link: https://www.econbiz.de/10009488603
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To fire or to hoard? : explaining Japan’s labor market response in the Great Recession
Steinberg, Chad Bennett; Nakane, Masato - 2011
Persistent link: https://www.econbiz.de/10009488605
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How inclusive is abenomics?
Aoyagi, Chie; Ganelli, Giovanni; Murayama, Kentaro - 2015
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
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What can boost female labor force participation in Asia?
Kinoshita, Yuko; Guo, Fang - 2015
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
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Production offshoring and investment by Japanese firms
Kang, Joong Shik; Piao, Shi - 2015
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
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Portfolio rebalancing in Japan : constraints and implications for quantitative easing
Arslanalp, Serkan; Botman, Dennis P. J. - 2015
Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic …
Persistent link: https://www.econbiz.de/10011373924