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Should We be Afraid of Friedman's Rule?
Uhlig, Harald - C.E.P.R. Discussion Papers - 2000
Should one think of zero nominal interest rates as an undesirable liquidity trap or as the desirable Friedman rule? I use three different frameworks to discuss this issue. First, I restate Cole and Kocherlakota's (1998) analysis of Friedman's rule: short run increases in the money stock -...
Persistent link: https://www.econbiz.de/10005788876
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Should we be Afraid of Friedman's Rule?
Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 2000
Persistent link: https://www.econbiz.de/10011092640
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Should we be afraid of Friedman's rule?
Uhlig, Harald - EconWPA - 2000
Should one think of zero nominal interest rates as an undesirable liquidity trap or as the desirable Friedman rule? I use three different frameworks to discuss this issue. First, I restate Cole and Kocherlakota's (1998) analysis of Friedman's rule: short run increases in the money stock -...
Persistent link: https://www.econbiz.de/10005561156
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Money, income, and prices : the velocity of money in nine major O.E.C.D. economies
Rule", William Thomas - 1975
Persistent link: https://www.econbiz.de/10002730113
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Estimating a DSGE Model for Japan: Evaluating and Modifying a CEE/SW/LOWW Model
Sugo, Tomohiro; Ueda, Kozo - Bank of Japan - 2007
We estimate a medium-scale DSGE model of the Japanese economy following Christiano, Eichenbaum and Evans (2005), Smets and Wouters (2003) and Levin et al. (2005). By using actual capital utilization data and modifying the formulation of utilization following Greenwood, Hercowitz and Huffmann...
Persistent link: https://www.econbiz.de/10010907504
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A partial differential equation to express a business cycle :an implication for Japan's law interest policy
Kuriyama, Akira - Volkswirtschaftliche Fakultät, … - 2011
This study presents an equation of income derived from the Keynesian IS curve and the consumption Euler equation that explains the business cycle. Drawing on multi-period data from Japan, the model confirms the conventional wisdom that the appropriate policy response to an inflationary gap is to...
Persistent link: https://www.econbiz.de/10009372620
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Did Monetary Laxity in Japan Cause the Bubble?
Posen, Adam S. - In: CESifo Forum 4 (2003) 4, pp. 21-26
Persistent link: https://www.econbiz.de/10005013171
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Führt die Geldpolitik der japanischen Zentralbank zu einem Währungskrieg?
Matthes, Jürgen; Löchel, Horst; Vollmer, Uwe; … - In: Ifo Schnelldienst 66 (2013) 10, pp. 03-18
Beginnt die japanische Notenbank mit ihrer lockeren Geldpolitik einen Abwertungswettlauf? Jürgen Matthes, Institut der … japanische Geldpolitik aus der Perspektive der aufstrebenden Volkswirtschaften zu beurteilen. Für sie folge aus dem Kurs der … japanischen Geldpolitik, dass noch mehr Kapital in ihre Länder fließe, was mit der Gefahr der Bildung von Vermögensblasen, einer …
Persistent link: https://www.econbiz.de/10010684155
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The stability of money demand function in Japan: Evidence from rolling cointegration approach
Tang, Chor Foon - Volkswirtschaftliche Fakultät, … - 2007
The main purpose of this study is to re-investigate the stability of Japanese M2 money demand function over the period of 1960:Q1 to 2007:Q2. This study propose to incorporate the rolling regression approach into the bounds testing procedure for cointegration within the autoregressive...
Persistent link: https://www.econbiz.de/10008567683
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Output and prices in the international comparison project
Kravis, Irving B.; Kenessey, Zoltan - In: The review of income and wealth : journal of the … (1973) 1, pp. 49-67
Persistent link: https://www.econbiz.de/10002260206