income losses. The economic policy implication for Europe and Japan is the timely exit from crisis therapies in the form of …Japan experienced a boom-and-bust cycle in the real estate and stock markets almost 20 years earlier than Europe. Since … institutions. Japan reached a low interest rate environment in the mid 1990s and has accumulated an exceptionally high level of …

well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …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 …

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 … policy around 1978/79 and a persistently increasing impact of the yen/dollar exchange rate after 1986. The ris ing importance … of the yen/dollar exchange rate for Japanese monetary policy is in line with increasing efforts to stabilize the yen …

origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen …

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

left foreign exchange intervention unsterilized when Japan entered the liquidity trap in 1999. According to previous …

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 … policy after the shift of Japan from a fixed to a floating exchange rate regime. The econometric estimations allow for regime … shifts in the impact of the exchange rate on monetary policy. The results show that the exchange rate had a substantial …