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Pacific island countries (PICs) rely on national airlines for connectivity, trade, and tourism. These airlines are being struck hard by COVID-19. Losses will weigh on public sector balance sheets and pose risks to economic recovery. With a backdrop of tight fiscal space and increasing government...
Persistent link: https://www.econbiz.de/10012605642
implications for Japan and Asia of several shocks to the Japanese economy. The results suggest that, while fiscal consolidation in … Japan would initially dampen domestic growth, over the medium term the impact on both the domestic and regional economies … would be positive. Quantitative monetary easing in Japan would boost domestic activity in the short-run, while being …
Persistent link: https://www.econbiz.de/10014399955
also uses actual trade data between Japan and Indonesia and between Japan and Korea …
Persistent link: https://www.econbiz.de/10014398066
Using the international input-output tables between Japan and five Pacific Basin countries (Indonesia, Korea, Malaysia … 1985. It shows that intra-industry trade in manufactured products expanded as Japan increased imports of more capital …
Persistent link: https://www.econbiz.de/10014398712
commodities that are traded between Japan and its East Asian trading partners to investigate the response of tradable goods prices … customs data for the period 1988-98, it shows that price pass-through is much larger for exports from Japan than for imports … to Japan …
Persistent link: https://www.econbiz.de/10014401194
This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall …, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue …
Persistent link: https://www.econbiz.de/10014404286
The United States has pledged to become carbon neutral by 2050, meet sectoral objectives (e.g., for carbon free power, electric vehicles) and encourage greater mitigation among large emitting countries and of international transportation emissions. Fiscal policies at the national, sectoral, and...
Persistent link: https://www.econbiz.de/10012518755
This paper examines the case for internationally coordinated indirect taxes on aviation (as a source of general revenue-not (necessarily) as a source of development finance). The case for such taxes is strong: the tax burden on international aviation is currently limited, yet it contributes...
Persistent link: https://www.econbiz.de/10014400375
Regional integration of Pacific Island countries (PICs) with Australia, New Zealand, and emerging Asia has increased over the last two decades. PICs have become more exposed to the region's business cycles, and spillovers from regional economies are more important for PICs than from advanced...
Persistent link: https://www.econbiz.de/10009618544
Persistent link: https://www.econbiz.de/10009756796