prototypical New Keynesian model fit to Japanese data exhibits orthodox dynamics during Japan's episode with zero interest rates …. We then demonstrate that this specification is more consistent with outcomes in Japan than alternative specifications …

This paper investigates how monetary policy can help to avoid the liquidity trap by studying the experience of Japan …. First, I analyze how the Bank of Japan conducted interest rate policy over the 1990s as the economy entered a deflationary …

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

Austria, Japan and the USA. Further I deal with the concept of stock market efficiency, the question whether or not …

Japan is in the midst of a demographic transition that is both rapid and large by international standards. As recently … as 1990, Japan had the youngest population among the Group of 6 large, developed countries. However, the combined effects … of aging of the baby boomer generation and low fertility rates have produced very rapid aging. Japan now finds itself …

Least Squares and an Ordered Probit model. The empirical analysis uses daily intervention data for Australia, Japan and …

the US 1930s, Japan 1990s and recently in the US and Europe. The paper introduces a new balance sheet channel that links …