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Sustainability, Debt Management, and Public Debt Policy in Japan

Doi, Takero - 2014

The purpose of this paper is to analyze sustainability issues of Japan%u2019s fiscal policy and then to discuss the … authority of Japan because it has accumulated the debt outstanding much more than other countries …

Persistent link: https://www.econbiz.de/10012752153

Fiscal Reform and Government Debt in Japan : A Neoclassical Perspective

Hansen, Gary D. - 2013

Past government spending in Japan is currently imposing a significant fiscal burden that is reflected in a net debt to …

Persistent link: https://www.econbiz.de/10013076179

Monetary and Fiscal Policy in a Liquidity Trap : The Japanese Experience 1999-2004

Iwamura, Mitsuru - 2012

-2004. First, we find that the Bank of Japan's policy commitment to continuing monetary easing until some prespecified conditions … sloping, indicating that the Bank of Japan's commitment failed to have su.cient influence on the market's expectations about … escape from the liquidity trap …

Persistent link: https://www.econbiz.de/10013104771

Finding stability in a time of prolonged crisis : unconventional policy rules for Japan

McNelis, Paul D.; Yoshino, Naoyuki - In: Journal of financial stability 27 (2016), pp. 122-136

Persistent link: https://www.econbiz.de/10011705601

The Influence of Actual and Unrequited Interventions

Dominguez, Kathryn M. - 2007

Intervention operations are used by governments to manage their exchange rates but officials rarely confirm their presence in the market, leading inevitably to erroneous reports in the financial press. There are also reports of what we term, unrequited interventions, interventions that the...

Persistent link: https://www.econbiz.de/10012777395

Macroeconomic Dynamics Near the ZLB : A Tale of Two Countries

Aruoba, S. Borağan - 2013

targeted-inflation regime and a deflation regime and fit it to data from the U.S. and Japan. For the U.S. we find that adverse … subsequently. In contrast, Japan has experienced a switch to the deflation regime in 1999 and remained there since then, except for … effect in the deflation regime (Japan) …

Persistent link: https://www.econbiz.de/10013078597

Fiduciary Duties and Equity-Debtholder Conflicts

Becker, Bo - 2011

We use an important legal event as a natural experiment to examine the effect of management fiduciary duties on equity-debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary duties in firms incorporated in that state. This change limited managers'...

Persistent link: https://www.econbiz.de/10013117403

Wall Street's First Corporate Governance Crisis : The Panic of 1826

Hilt, Eric - 2010

In July of 1826, several prominent Wall Street firms abruptly went bankrupt, amid scandalous revelations of fraudulent financial practices by their management. Although mostly forgotten today, these events represented a watershed in the early development of the corporation laws and investor...

Persistent link: https://www.econbiz.de/10012757536

Bank credit, inflation, and default risks over an infinite horizon

Goodhart, Charles A. E.; Tsomocos, Dimitrios P.; Wang, Xuan - In: Journal of financial stability 67 (2023), pp. 1-16

Persistent link: https://www.econbiz.de/10014455477

Tough Policies, Incredible Policies?

Neut, Alejandro; Velasco, Andrés - 2021

We revisit the question of what determines the credibility of macroeconomic policies here, of promises to repay public debt. Almost all thinking on the issue has focused on governments' strategic decision to default (or erode the value of outstanding debt via inflation/devaluation). But...

Persistent link: https://www.econbiz.de/10013246254