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, Europe and Japan allowing for fiscal multipliers to vary across recessions and booms. We also estimate ex ante probabilities …
Persistent link: https://www.econbiz.de/10014395687
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed … this paper as a study of Japan’s thoughts in an efficient route to credit boom …
Persistent link: https://www.econbiz.de/10014395722
This Spillover Report analyses the potential channels of financial system spillovers in Japan that policymakers should … regulatory framework in managing spillover channels. The report is a guideline as to how Japan developed to win its position in …
Persistent link: https://www.econbiz.de/10014395723
A surge of exports in the 2000s helped Japan exit the severe decade-long stagnation known as the lost decade. Using …
Persistent link: https://www.econbiz.de/10014395730
In Japan, intergenerational inequality in lifetime resources is substantial, with a heavier fiscal burden on the young …
Persistent link: https://www.econbiz.de/10014395734
A two-country theoretical model is presented, showing the effects of monetary, fiscal, and supply-side disturbances on prices of primary commodities and manufactured goods, and on exchange rates. If monetary shocks dominate, then commodity prices should lead general price movements, and the...
Persistent link: https://www.econbiz.de/10014395776
The parameters of a conventional model of Japan’s current account were found to be stable in the period of the steeply … rising yen between the fourth quarter of 1985 and the end of 1987. This suggests that Japan’s current account has been … that the rise in the yen has already made a substantial contribution to correcting Japan’s external imbalance …
Persistent link: https://www.econbiz.de/10014395784
manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than …
Persistent link: https://www.econbiz.de/10014395791
This paper discusses recent empirical research on the interplay between fiscal policies and external imbalances in the G3 countries, focusing on the stock-flow dynamics of public and foreign deficits and debt accumulation
Persistent link: https://www.econbiz.de/10014395805
This paper presents estimates of a demand function for broad money in Japan. The function explains both secular trends …
Persistent link: https://www.econbiz.de/10014395815