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Back to the "normal" level of human-capital driven growth? : a note on early numeracy in Korea, China and Japan, 1550 - 1800

Baten, Jörg; Sohn, Kitae - 2013

–1630, and evidence on Japan and China from the early modern period until 1800. We found that a substantial share of East Asians … Korea, Japan, and China returned to the growth-path at different points of the 20th century, and this return was pre …

Persistent link: https://www.econbiz.de/10009703509

Prediction of financial downside-risk with heavy-tailed conditional distributions

Mittnik, Stefan; Paolella, Marc S. - 2003

The use of GARCH models with stable Paretian innovations in financial modeling has been recently suggested in the literature. This class of processes is attractive because it allows for conditional skewness and leptokurtosis of financial returns without ruling out normality. This contribution...

Persistent link: https://www.econbiz.de/10009765347

The zero-interest-rate and the role of the exchange rate for monetary policy in Japan

Coenen, Günter; Wieland, Volker - 2003

interest rates as experienced in Japan since the mid-1990s. Our analysis is based on an estimated model of Japan, the United … 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