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Japan's Medium : and Long-Term Fiscal Challenges

Okamura, K. - 1996

This paper assesses the sustainability of Japan’s fiscal position. The simulations indicate that, even if the …

Persistent link: https://www.econbiz.de/10014398006

On Interpreting the Random Walk Behavior of Nominal and Real Exchange Rates

Adams, Charles - 1991

The random walk property of exchange rates is frequently regarded as carrying strong implications for the kinds of shocks that have driven exchange rates and the models appropriate for analyzing their behavior. This paper conducts stochastic simulations of Dornbusch’s (1976) sticky-price...

Persistent link: https://www.econbiz.de/10014398020

The conduct of monetary policy in the major industrial countries : instruments and operating procedures

Batten, Dallas S.; Blackwell, Michael P.; Kim, Linsu; … - Internationaler Währungsfonds - 1990

This paper discusses instruments and operating procedures of the conduct of monetary policy in the major industrial countries. The exchange rate mechanism of the European Monetary System (EMS) provides clear evidence of the role of exchange rates in influencing monetary policy; the commitment of...

Persistent link: https://www.econbiz.de/10014399262

Why Has Japan Been Hit So Hard by the Global Recession?

Sommer, Martin - 2009

drop in Japan's exports was caused by a sharp retrenchment in overseas demand for motor vehicles, information technology … adjustment to inventories, which have accumulated well above normal levels in both Japan and its export markets. During the 2001 …

Persistent link: https://www.econbiz.de/10014399370

Modeling and Forecasting Inflation in Japan

Sekine, Toshitaka - 2001

This paper estimates an inflation function and forecasts one-year ahead inflation for Japan. It finds that (i) markup …

Persistent link: https://www.econbiz.de/10014399664

The Yen-Dollar Rate : Have Interventions Mattered?

Ramaswamy, Ramana - 2000

Using daily data for 1995–99, this paper estimates a simple forward looking model of the exchange rate to show that foreign exchange interventions have, on the whole, had small but persistent effects on the yen-dollar rate. Contrary to conventional wisdom, sterilized interventions have...

Persistent link: https://www.econbiz.de/10014399714

Concordance in Business Cycles

McDermott, C. John - 2000

We study the properties of a test that determines whether two time series comove. The test computes a simple nonparametric statistic for “concordance,” which describes the proportion of time that the cycles of two series spend in the same phase. We establish the size and power properties of...

Persistent link: https://www.econbiz.de/10014399826

Technology Diffusion, Services, and Endogenous Growth in Europe. is the Lisbon Strategy Useful?

International Monetary Fund - 2005

diffusion including the role of distance. A continuous-time model is estimated on several European countries, Japan, and the …

Persistent link: https://www.econbiz.de/10014399872

Does Inflation in China Affect the United States and Japan?

Willard, Luke - 2006

the extent of the link between inflation rates between China and the United States and Japan. It finds only limited … and Japan. However, it finds some evidence that inflation in the United States has an impact on Chinese inflation … between prices in China and in the United States and Japan, both for food and at the household level for manufactured goods …

Persistent link: https://www.econbiz.de/10014399891

The Japanese Banking Crisis of the 1990's : Sources and Lessons

Woo, D. - 2000

For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system …

Persistent link: https://www.econbiz.de/10014399939