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The importance of liquidity and insolvency for nation states and banks has been highlighted by current economic woes in … full circle. Discussing some modern authors, it is argued that the concepts of liquidity and insolvency are connected …
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In order to improve our understanding of the channels through which monetary policy has distributional consequences, we build a New Keynesian model with incomplete asset markets, asymmetric search and matching (SAM) frictions across skilled and unskilled workers and, foremost, capital-skill...
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has income inequality been higher than it is today in Japan, and in the OECD area. The two challenges have some common … facilitate the closure of non-viable firms, whose survival hampers the growth of viable firms in Japan. This would also increase … the 2017 OECD Economic Survey of Japan (www.oecd.org/eco/surveys/economic-survey-japan.htm) …
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This paper highlights exchange-traded funds (ETF) purchases conducted by the Bank of Japan under Quantitative and …
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