lower asset or goods prices tighten further the constraint causing further deflation. This framework also embodies a … expansion increase leverage ratios sufficiently. When this happens, the Fisherian debt-deflation mechanism is set in motion, as …, countries lost access to credit, causing abrupt current account reversals, and suffered Great Recessions. This paper reviews a …

lower asset or goods prices tighten further the constraint causing further deflation. This framework also embodies a … expansion increase leverage ratios sufficiently. When this happens, the Fisherian debt-deflation mechanism is set in motion, as …, countries lost access to credit, causing abrupt current account reversals, and suffered Great Recessions. This paper reviews a …

, reflecting more pronounced productivity differentials and measurement biases. And, in view of the possible risks of deflation … cognizant of the debate over the monetary framework in Japan and explicitly take account of deflation risks in designing an …, enabling consumers and businesses to reach well-informed, rational decisions about whether to save or borrow, to invest or …

in motion, as lower asset or goods prices tighten the constraint further, causing further deflation. This framework also … periods of expansion increase leverage ratios sufficiently. When this happens, the Fisherian debt-deflation mechanism is set … Sudden Stops, countries lost access to credit, which caused abrupt current account reversals, and suffered severe recessions …

the United States -- 3. Dynamics of Deflation and Unemployment: Fall into an Abyss of Deflation -- 4. Market Fluctuations … the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The …1. Understanding Recession: Conceptual Arguments and US Adjustments -- 2. Financial Crisis and the Great Recession in …

currencies and created by Ogawa and Shimizu (2005). If these currencies are not converged, or the monetary authorities of East … interest rate among euro area countries relative to corresponding German rate have reduced or not. Ogawa and Kumamoto (2008 … yen was depreciating because of a combination of yen depreciation in terms of nominal exchange rate and the deflation in …

effectively absorb and the upward pressure on exchange rates is unwelcome. These capital inflows reflect an ongoing structural … disequilibrium: foreign capital will be attracted by the higher returns and the prospect of currency appreciation. In this …, intervention using foreign exchange reserves, domestic taxes (both on foreign income and on capital gains), taxes on inflows …

statistics (or LTES for short) of the trans-Asian region,” and later nicknamed as“the Asian Historical Statistical Database … enterprises, and is subdivided into several groups, according to common elements in technology and/or outputs, by utilising the …, however, the appropriate reference year may vary from one variable to another; e.g. peaks and troughs do not always coincide …

different view. It does not try to make prediction on the adjustment being smooth or bumpy. But it attempts to define what might … long-run trends in the world economy for the next fifty years or so. These trends are the demographic transition and the … the opinions of the authors and do not necessarily express the views of the institutions they belong to. CEPII, Working …

frequently subject of fascination and amazement. However, they receiveconsideration when a new product or a new exercise … technique occurs. Rarely, the industry,the spectators and visitors or the sportsmen and athletes themselves look upon the …Sport is omnipresent and is often part of discussions, lectures, literature and debates. Sportsinnovations are also …