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near the zero bound by studying the experience of Japan during the ""Lost Decade"" which followed the asset-price bubble … collapse in the early 1990s. Estimation results based on a structural model suggest that the Bank of Japan''s interest …
Persistent link: https://www.econbiz.de/10014402365
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …
Persistent link: https://www.econbiz.de/10014402377
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries …. This paper suggests that Japan''s dualities between regular and ""nonregular"" labor market contracts and the relatively … protection and benefits between regular and nonregular workers could help put Japan''s wages on an upward trajectory in the …
Persistent link: https://www.econbiz.de/10014402501
several insights about the way to manage such a transition and the downsides to avoid. In particular Japan offers useful … by Japan …
Persistent link: https://www.econbiz.de/10014402646
A sustained decline in fertility rates underlies a rapid aging and decline of Japan's population. This will have … Japanese banking system. The unemployment-deflation puzzle in Japan has been explained …
Persistent link: https://www.econbiz.de/10014402697
This paper examines the effects of quantitative easing implemented by the Bank of Japan (BoJ) since early 2001, looking …
Persistent link: https://www.econbiz.de/10014402735
How effective was public investment in stimulating the Japanese economy during the economic stagnation of the 1990s? Using a dataset of regional public investment spending, we find that investment multipliers were higher than for public consumption, although they were relatively low and...
Persistent link: https://www.econbiz.de/10014402911
Boosting growth through rebalancing is critical for addressing pressures from Japan’s aging population. This paper …
Persistent link: https://www.econbiz.de/10014403091
This paper uses vector autoregressions (VARs) to investigate four explanations of the extended slump in Japanese economic activity during the 1990s: the absence of bold and consistent fiscal stimulus; limited room for expansionary monetary policy because of a liquidity trap; asset price...
Persistent link: https://www.econbiz.de/10014403433
As labor input in Japan shrinks with population aging, capital accumulation and productivity gains will drive growth …
Persistent link: https://www.econbiz.de/10014403438