why large negative output gaps in Japan during the period 1998-2002 did not lead to accelerating deflation, but instead …

United Kingdom, Japan, and Australia, the authors find that a conditional CAPM that allows the price of risk to vary in …

Three current account imbalances - one very large deficit (the United States) and two surpluses (Japan and the Euro … adjustment process that involves real depreciation in its exchange rate. For Japan, a little more than 1 percentage point (of GDP …

estimate the ATE for daily Bank of Japan intervention over the January 1999 to March 2004 period. This sample encompasses a …