-run growth. The paper explores an additional challenge, for monetary policy. Although they expand bank balance sheets, providing …

role that key characteristics of Japan's labor and product markets-labor-market duality and weak corporate governance … reforms may contribute to Japan's short-run goal of reflating the economy. It finds that boosting inflation with structural …

We examine the effect of bank capital levels on firm investment drawing on a sample of 11,106 non-financial firms from … 2007 to 2013 in 16 advanced economies. We examine two measures of bank capital adequacy, the Tier 1 ratio and a simple …, suggesting that bank balance sheets and their willingness to extend credit can be an important factor in determining aggregate …

behavior using dynamic corporate panel data in Japan for the period 1985-95. It finds that smaller non-bond issuing firms were …

empirical analysis, we build a parsimonious model of bank screening and lending that predicts that IT in banking can spur …

Japan faces the problem of how to finance retirement, health, and long-term care expenditures as the population ages … of Japan. We find that financing the costs of aging through gradual increases in the consumption tax rate delivers a …

In this paper, we investigate how negative interest rate policy (NIRP) introduced in January 2016 by the Bank of Japan …

regional banks being less cost and revenue efficient relative to both City and Trust banks. While Japanese bank profitability … banks, and the creation of bank consortia to pool resources for asset and risk management …