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The Political Economy of Fiscal Consolidation in Japan
Ihori, Toshihiro - 2015
This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special … emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation …
Persistent link: https://www.econbiz.de/10012401959
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Money, Stock Prices and Central Banks : A Cointegrated VAR Analysis
Wiedmann, Marcel - 2011
whether liquidity conditions play an important role in stock market developments. As an innovation, liquidity conditions enter … flows, which represent the share of global liquidity that arrives in the respective country. A second aim is to understand …
Persistent link: https://www.econbiz.de/10014015328
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Japan’s Lost Decade : Lessons for Asian Economies
Yoshino, Naoyuki (ed.); Taghizadeh-Hesary, Farhad (ed.) - 2017
caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment-saving” (IS …This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for … other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the …
Persistent link: https://www.econbiz.de/10012397422
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The Impact of Labor Markets on the Transmission of Monetary Policy in an Estimated DSGE Model
Christoffel, Kai Philipp; Kuester, Keith; Linzert, Tobias - 2021
Real wages are a key determinant of marginal costs. The latter themselves are a driving force of inflation. We ask how wages and labor market shocks feed into the inflation process. We model search and matching frictions in the labour market in an otherwise standard New-Keynesian closed economy...
Persistent link: https://www.econbiz.de/10013318057
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Monetary Policy and the German Unemployment Problem in Macroeconomic Models : Theory and Evidence
Gottschalk, Jan (contributor) - 2005
Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and...
Persistent link: https://www.econbiz.de/10014014221
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Technological Progress, Income Distribution, and Unemployment : Theory and Empirics
Adachi, Hideyuki; Inagaki, Kazuyuki; Nakamura, Tamotsu; … - 2019
This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic growth and income distribution. Motivated by sharp increases in wage and income inequalities in the world since the beginning of the new century, many macroeconomists have...
Persistent link: https://www.econbiz.de/10012397030
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The evolving relationship between economy and environment : theory and the Japanese experience
Okuma, Kazuhiro - 2017
: Long-term Transformation in Japan -- Chapter 7: Overview of Long-term Trends of the Economy-environment Nexus in Japan …
Persistent link: https://www.econbiz.de/10012397786
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Beyond Cobb-Douglas : Flexibly Estimating Matching Functions with Unobserved Matching Efficiency
Lange, Fabian - 2020
Exploiting results from the literature on non-parametric identification, we make three methodological contributions to the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires. First, we show how to non-parametrically identify the...
Persistent link: https://www.econbiz.de/10012835872
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The Effect of Search Frictions on Wages
van den Berg, Gerard J.; van Vuuren, Aico - 2021
Labor market theories allowing for search frictions make marked predictions on the effect of the degree of frictions on wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested. We perform tests with matched worker-firm data. The...
Persistent link: https://www.econbiz.de/10013319882
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Corporate Governance and Value Creation in Japan : Prescriptions for Boosting ROE
Yanagi, Ryohei - 2018
1 Dawn of Corporate Governance: Japan must change -- 2 Cash Valuation Assessment of Japanese Corporations: When 100 yen … Synchronization of Non-financial Capital and Value Creation: Japan should show ROE of ESG -- 8 Appendix: Latest investor Survey 2016 … corporate governance and value creation in Japan. The author explains the rationale underlying the suggestion of the Ito Review …
Persistent link: https://www.econbiz.de/10013256175