Deflation since the mid-1990s has had a serious negative impact on the Japanese economy in many respects. This paper focuses on the financial vulnerability of Japan's public pension schemes to deflation. It is demonstrated in the paper that deflation made real pension benefits substantially...

The individual Members of the European Union trade inside a web of preferential trade agreements. At the core of these agreements is the EU itself. More recently, the EU has been engaged in negotiations with countries as far ranging as Central America, South East Asia, East Asia, and North...

Real personnel costs of the government in the future will be affected by the current age structure of government employees. With the total number of employees fixed, personnel costs of the local government will decrease by 7% in the next 10 years as the age structure of local government...

The objective of this research is to empirically show how the Great East Japan Earthquake that happened on March 11th 2011 (at the end of 2010FY) affects the short-term wages of college graduates in 2010FY. Moreover, we have paid attention to the role of the quality of college education. Our...

This paper examines two fiscal policy puzzles related to the effects of government spending shocks. Contrary to theoretical predictions, recent empirical evidence suggests a crowding-in of consumption and a depreciation of the real exchange rate after a government spending increase. While...

We have built a quantitative model of the pension, medical care and aged care by improving Suzuki(2006) and estimated intergenerational inequality caused by the social security system. It should be noted that the model be able to reproduce the long-term projection made by the Japanese...

In this research, the environmental and energy technologies suitable for both city and rural area in China are introduced and the effects of environmental improvement due to the installation of these technologies are evaluated. Tianjin city are selected as the area that have both city and rural...

Despite the prolonged recession and sizable environmental changes after the burst of the Japanese economic bubble, a drastic degeneration has not been seen, either in seniority-based wages or in Japan's practice of lifetime employment, in the previous studies analyzing the negative impact of...

ODA disbursements of donor countries have been examined and compared at international fora including DAC. Mostly attention has been paid to ODA/GDP ratio. International target of 0.7% ODA/GDP ratio has been maintained since the 1970s. The premise is that GDP determines ODA. Other economic...

This paper verified possible application of model-based univariate and multivariate Bandpass filter for Japanese time series data. Firstly, we extracted cycle components and estimated periodic length of monthly univariate time series such as coincident index (CCI) and the index of industrial...