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Persistent link: https://www.econbiz.de/10005780346
We discuss that Japan should make a comprehensive reform of the existing institutions of health insurance in view of the apparent structural problems centering on the financial instability of health care finance, and discrepancies in premiums and benefits among the insured.
Persistent link: https://www.econbiz.de/10005780347
This paper analyzes the rationality of Japanese macroeconomic forecasters. It finds that Japanese individual forecasters are pessimistic in boom and optimistic in recession, and that they over-react to new information. Across forecasters, the magnitude of average forecast revisions is not...
Persistent link: https://www.econbiz.de/10005780348
We analyse empirically the effect of uncertainty on fixed investment by estimating an accelerator-type investment function based on a panel data set of the Hapanese manufacturing firms. The uncertainty measure, represented by the conditional standard deviation of the sales ghrowth rate, is...
Persistent link: https://www.econbiz.de/10005780349
Persistent link: https://www.econbiz.de/10005780350
Using two simple stochastic growth models that nest both exogenous and endogenous growth, this paper shows that money should not be neutral in the long run if it is not neutral in the short run and if growth is endogenous. By contrast, if growth is exogenous, money should be neutral in the long...
Persistent link: https://www.econbiz.de/10005780351
Persistent link: https://www.econbiz.de/10005780352
Persistent link: https://www.econbiz.de/10005780353
Persistent link: https://www.econbiz.de/10005780354
Persistent link: https://www.econbiz.de/10005780355