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Monetary Policy in Japan, Germany and the United States : Does One Size Fit All?
Chinn, Menzie David; Dooley, Michael P. - 2021
We study the post-war evidence for Japan to see if the same specification for both the economy and the monetary policy rule is useful for understanding Japan's economy and monetary policy. A recurrent theme in the literature on Japanese monetary policy is that there are significant differences...
Persistent link: https://www.econbiz.de/10013245712
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Determinants of Shrt-Term Real Interest Differentials between Japan and the United States
Marston, Richard C. - 2011
Many past studies of relative financing costs in the United States and Japan have relied on interest rates from the 1970s and earlier when Japanese financial markets were subject to numerous regulations and controls and were shielded by capital controls from financial markets abroad. Interest...
Persistent link: https://www.econbiz.de/10013124752
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Foreign Direct Investment and Keiretsu : Rethinking U.S. And Japanese Policy
Weinstein, David E. - 2013
This paper focuses on two issues. First, a reexamination of the data on the level of foreign direct investment (FDI) in Japan suggests that foreign firms sell five to six times more in Japan than is commonly believed. Previous studies severely underestimated the stock of FDI in Japan due to poor...
Persistent link: https://www.econbiz.de/10013082414
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Would You Buy a Honda Made in the U.S.? The Impact of Production Location on Manufacturing Quality
Lacetera, Nicola - 2014
Are location-specific factors--such as the education and attitude of the local workforce, supplier networks, institutional infrastructure, and local "culture"--important for understanding persistent heterogeneities among firms? We address this question in the context of the automobile industry....
Persistent link: https://www.econbiz.de/10013066220
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Simulating the Elimination of the U.S. Corporate Income Tax
Fehr, Hans - 2013
We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring skilled and unskilled labor, detailed region-specific demographics and fiscal policies. Eliminating the model's U.S. corporate income tax produces rapid and dramatic increases in...
Persistent link: https://www.econbiz.de/10013071508
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Price Behavior in Japanese and U.S. Manufacturing
Marston, Richard C. - 2010
Relative price changes in Japanese and U.S. manufacturing are driven by two forces, productiviry growth which leads to secular changes in costs and exchange rate fluctuations which change relative prices between the two countries. In sectors where productivity growth is high, reductions in costs...
Persistent link: https://www.econbiz.de/10013150697
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The Cost of Capital in the U.S. And Japan : a Comparison
Ando, Albert - 2008
This paper uses financial statement data for large samples of U.S. and Japanese nonfinancial corporations to estimate the return to capital in each country for the period 1967-83. Interpreting these as measures of the cost of capital, we find that the before-tax cost of corporate capital was...
Persistent link: https://www.econbiz.de/10012774614
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Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86
Fischer, Stanley - 2007
Monetary policies in the U.S., Japan, Germany and the United Kingdom over the period 1973-1986 are compared and …. The most striking contrast in the outcomes of policy is between Japan and Germany in the second oil shock. Both their … wage increase in Germany increased, and was followed by a serious recession. The cause of the difference in results appears …
Persistent link: https://www.econbiz.de/10012777224
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Outward FDI and Parent Exports and Employment : Japan, the United States, and Sweden
Lipsey, Robert E. - 2007
Within Japanese multinational firms, parent exports from Japan to a foreign region are positively related to production in that region by affiliates of that parent, given the parent's home production in Japan and the region's size and income level. This relationship is similar to that found for...
Persistent link: https://www.econbiz.de/10012778835
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The Neo-Fisher Effect in the United States and Japan
Uribe, Martín - 2017
I investigate the effects of an increase in the nominal interest rate on inflation and output in the United States and Japan during the postwar period. I postulate a structural autoregressive model that allows for transitory and permanent nominal and real shocks. I find that nominal...
Persistent link: https://www.econbiz.de/10012944633