Japan experienced a boom-and-bust cycle in the real estate and stock markets almost 20 years earlier than Europe. Since … the bursting of the Japanese bubble economy, the country has fallen into a deep recession and has experimented with crisis … institutions. Japan reached a low interest rate environment in the mid 1990s and has accumulated an exceptionally high level of …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

Japan hat nicht nur 15 Jahre vor Europa einen Boom-und-Krisen-Zyklus durchschritten, sondern auch wichtige Erfahrungen … gemacht. Japan hat die Nullzinsgrenze bereits 1999 erreicht und eine Staatsverschuldung in Rekordhöhe angehäuft. Das Papier … vergleicht die Boom-und- Krisen-Zyklen in Japan und Europa hinsichtlich der Ursachen, des Krisenverlaufs, der Krisentherapien und …

This paper studies the role of the yen/dollar exchange rate in the Bank of Japan?s monetary policy reaction function … of the yen/dollar exchange rate for Japanese monetary policy is in line with increasing efforts to stabilize the yen …

During the 1990's the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the …. Since prices have been exe rting their influence on the Japanese currency in the long run, the high yen is explained with …

for Japan and Croatia trace the asymmetric pattern of foreign exchange intervention in countries with developed and …

While up to the late 1990s Japanese foreign exchange intervention was fully sterilized, Japanese monetary authorities … left foreign exchange intervention unsterilized when Japan entered the liquidity trap in 1999. According to previous … Japanese foreign exchange intervention. We find a changing impact of Japanese foreign exchange intervention on exchange rate …

between China and the United States from both an asset-market and a labor-market perspective, and compare this to Japan …

Few papers have tried to project how Chinese monetary policy will behave under flexible exchange rates. As Japan … provides an important role model for China, this paper studies the role of the yen/dollar exchange rate for Japanese monetary … policy after the shift of Japan from a fixed to a floating exchange rate regime. The econometric estimations allow for regime …