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Is Japan Creating a Yen Bloc in East Asia and the Pacific?

Frankel, Jeffrey A. - 1992

This paper reaches seven conclusions regarding the Yen Bloc that Japan is reputed to be forming in Pacific Asia. (1 … is no evidence of a special Japan effect. (3) Once one properly accounts for rapid growth in Asia, the statistics do not … Asian countries, though overall its influence is as yet no greater than that of New York. (6) Some of Japan's financial and …

Persistent link: https://www.econbiz.de/10012474929

What Would it Take to Reduce US Greenhouse Gas Emissions 80% by 2050?

Heal, Geoffrey - 2016

I investigate the cost and feasibility of reducing US GHG emissions by 80% from 2005 levels by 2050. The US has stated in its Paris COP 21 submission that this is its aspiration. I suggest that this goal can be reached at a cost in the range of $37 to $135 bn/year. I assume that the goal is to...

Persistent link: https://www.econbiz.de/10012456154

The Value of Transmission in Electricity Markets : Evidence from a Nuclear Power Plant Closure

Davis, Lucas - 2014

Reliable estimates of the value of electricity transmission are critical if these heavily-regulated investments are to be made cost-effectively. In this paper, we exploit the abrupt closure of the San Onofre Nuclear Generating Station (SONGS) in February 2012. During the previous decade, SONGS...

Persistent link: https://www.econbiz.de/10012458479

The Private and External Costs of Germany's Nuclear Phase-Out

Jarvis, Stephen - 2019

Many countries have phased out nuclear electricity production in response to concerns about nuclear waste and the risk of nuclear accidents. This paper examines the impact of the shutdown of roughly half of the nuclear production capacity in Germany after the Fukushima accident in 2011. We use...

Persistent link: https://www.econbiz.de/10012480542

Saving, Investment, and Gold : A Reassessment of Historical Current Account Data

Jones, Matthew T. - 1997

This paper revises pre-World War II current account data for thirteen countries by treating gold flows on a consistent basis. The standard historical data sources often fail to distinguish between monetary gold exports, which are capital-account credits, and nonmonetary gold exports, which are...

Persistent link: https://www.econbiz.de/10012472711

The Rate of Return on Everything, 1870–2015

Jordà, Òscar - 2017

This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century. What is the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much? Is there a tendency for returns to fall in the...

Persistent link: https://www.econbiz.de/10012453601

China and the TPP : A Numerical Simulation Assessment of the Effects Involved

Li, Chunding - 2012

going beyond WTO disciplines and focused on issues such as regulation and border controls. Though the US, Australia and …. Japan's joining TPP would be beneficial to both herself and all other TPP countries, but negative effects on China and other …

Persistent link: https://www.econbiz.de/10012460569

Quality of Bureaucracy and Open-Economy Macro Policies

Bai, Chong-En - 2000

Bureaucratic quality in terms of the level of corruption varies widely across countries, and is in general slow to evolve relative to the speed with which many economic polices can be implemented such as the imposition of capital controls. In this paper, we study the possibility that quality of...

Persistent link: https://www.econbiz.de/10012470984

The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates

Chinn, Menzie David - 1997

, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand. Time series regressions of the real exchange rate on … relative prices indicate a role for relative prices for Indonesia, Japan and Korea. When examining real exchange rates and … relative productivity ratios, one finds a relationship for Japan, Malaysia, and the Philippines. Only when augmenting the …

Persistent link: https://www.econbiz.de/10012472706

Financial and Capital Account Liberalization in the Pacific Basin : Korea and Taiwan during the 1980's

Chinn, Menzie D. - 1996

This paper presents an alternative method of testing for financial capital mobility in the absence of forward exchange markets. A model of domestic interest rate determination during liberalization is applied to Korean and Taiwanese data. A variety of diagnostic and recursive tests are used to...

Persistent link: https://www.econbiz.de/10012473014