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Japan's Imbalance of Payments
Müller-Plantenberg, Nikolas A. - 2021
During the past three decades, Japan's current account experienced five large swings. The yen appreciated considerably in periods when the current account boomed, and it depreciated whenever Japan's external performance weakened. However, there has always been a certain lag in the adjustment of...
Persistent link: https://www.econbiz.de/10013319615
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Geldpolitik unter den Bedingungen fortlaufender Ungleichgewichte zwischen Dollar, Euro und Yen
Thomasberger, Claus - In: Neue Weltwährungsarchitektur, (pp. 75-99). 2001
Persistent link: https://www.econbiz.de/10001659110
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Three current account balances : a "semi-structuralist" interpretation
Chinn, Menzie David; Yi, Chae-u - 2007 - Rev.
Three current account imbalances - one very large deficit (the United States) and two surpluses (Japan and the Euro area) - are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...
Persistent link: https://www.econbiz.de/10003855162
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Inflation Dynamics and International Linkages : A Model of the United States, the Euro Area and Japan
Coenen, Günter; Wieland, Volker - 2021
euro area and Japanese inflation dynamics are best explained by Taylor-style contracts, while Buiter …-Jewitt/Fuhrer-Moore contracts perform somewhat better in fitting U.S. inflation dynamics. We are unable to fit Calvo-style contracts to inflation … backward-looking element. The completed model matches inflation and output dynamics in the United States, the euro area and …
Persistent link: https://www.econbiz.de/10013320199
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The zero-interest-rate and the role of the exchange rate for monetary policy in Japan
Coenen, Günter; Wieland, Volker - 2003
impact of the zero bound on the effectiveness of interest rate policy in Japan in terms of stabilizing output and inflation …
Persistent link: https://www.econbiz.de/10009765351
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The Zero-Interest-Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan
Coenen, Günter; Wieland, Volker - 2021
impact of the zero bound on the effectiveness of interest rate policy in Japan in terms of stabilizing output and inflation …
Persistent link: https://www.econbiz.de/10013320036
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The RMB Debate : Empirical Analysis on the Effects of Exchange Rate Shocks in China and Japan
Kim, Soyoung - 2012
shocks on output and the current account for China and Japan. We use structural vector auto-regression models and find that … the other hand, has an insignificant effect on the current account, although it tends to reduce output in China. For China …
Persistent link: https://www.econbiz.de/10013105952
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China's Exchange Rate Appreciation in the Light of the Earlier Japanese Experience
McKinnon, Ronald - 2006
For creditor countries on the periphery of the dollar standard such as China with current account surpluses, foreign … the (incipient) deflation that China now faces. It could create a zero-interest liquidity trap in financial markets that …
Persistent link: https://www.econbiz.de/10010297543
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Japan's deflationary hangover : wage stagnation and the syndrome of the ever-weaker yen
McKinnon, Ronald I. (contributor) - 2007
?)—although the pressure on Japan to appreciate is not yet as great as it now is on the People’s Republic of China (PRC). But Japan is … effective in placating foreign mercantilists. Under foreign pressure to appreciate the renminbi, the PRC, with its booming …
Persistent link: https://www.econbiz.de/10003554797
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Quantitative easing: A rationale and some evidence from Japan
Wieland, Volker - 2009
. Deflation subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced …
Persistent link: https://www.econbiz.de/10010303752