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sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of … states of Qing China, Tokugawa Japan, and Yi Korea by focusing on the way in which agricultural taxes were enforced. It also …
Persistent link: https://www.econbiz.de/10010397352
to Brazil, China, Japan, and the U.S.. The period under study is 1980 to 2001 and we distinguish in our analysis between …
Persistent link: https://www.econbiz.de/10010291869
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 …
Persistent link: https://www.econbiz.de/10010292223
Using data from Germany, Japan, UK, and the U.S., we explore possible threshold cointegration in nominal short- and …
Persistent link: https://www.econbiz.de/10010292774
We show in a public goods experiment on three continents that conditional cooperation is a universal behavioral regularity. Yet, the number of conditional cooperators and the extent of conditional cooperation are much higher in the U.S.A. than anywhere else.
Persistent link: https://www.econbiz.de/10010293430
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 …
Persistent link: https://www.econbiz.de/10010293436
why large negative output gaps in Japan during the period 1998-2002 did not lead to accelerating deflation, but instead …
Persistent link: https://www.econbiz.de/10010293439
Persistent link: https://www.econbiz.de/10010293629
-linear VAR with threshold cointegration based on data from Germany, Japan, UK, and the U.S. Following a traditional comparative …
Persistent link: https://www.econbiz.de/10010294000
This paper focuses on the increase in slack costs due to municipality amalgamation, which is pushed forward in several countries to achieve economies of scale. Employing the stochastic frontier cost function to estimate the inefficiency of local public expenditure due to slack, this study...
Persistent link: https://www.econbiz.de/10010294350