Using data from Germany, Japan, UK, and the U.S., we explore possible threshold cointegration in nominal short- and …

why large negative output gaps in Japan during the period 1998-2002 did not lead to accelerating deflation, but instead …

-linear VAR with threshold cointegration based on data from Germany, Japan, UK, and the U.S. Following a traditional comparative …

Japan and Korea are close countries in terms of economic interaction as well as geography. To quantify the impact of …

the US, Japan and the major European countries in order to estimate the effect of energy prices on energy … significantly positively correlated with innovation in both Japan and the EU. A tentative interpretation might be that a rise in …. Furthermore, the tax ratio, which has consistently risen in Japan and especially the EU, could be seen as an indicator for …

This paper examines the methods used by the Bank of Japan for the estimation of the output gap. Attention is paid to …