Showing 1 - 10 of 175
This paper assesses the effects of applying VAT or a sales tax on (intermediate or final) sales of the financial sector. It uses a CGE Model calibrated for a small open economy. It highlights the differentiated sectoral and redistributional effects of these taxes and shows the importance of the...
Persistent link: https://www.econbiz.de/10011084284
called the Triad: The United States, the EU and Japan. We focus on measuring possible asymmetries in market access between …
Persistent link: https://www.econbiz.de/10005504710
: comparison with Japan, comparison with the New Economic Policy (NEP), and assuming alternative post-1940 growth scenarios. …
Persistent link: https://www.econbiz.de/10011083670
period 1550–1630. We add evidence from Japan and China from the early modern period until 1800 to obtain a human capital …
Persistent link: https://www.econbiz.de/10011083906
us to match exporters with the main bank that provides them with trade finance. Our point estimates are economically and …
Persistent link: https://www.econbiz.de/10008557011
Using data for the 1990s, this Paper examines the role of sheepskin effects in the returns to education for Japan. Our … the US. These results could be explained by the particular recruitment system of large firms in Japan, which makes the …
Persistent link: https://www.econbiz.de/10005656206
. Motivated by Japan’s recent economic experience, we use a dynamic general-equilibrium model to assess the welfare impact of open …-market operations for an economy in Japan’s predicament. We argue that Japan can achieve a substantial welfare improvement through large …
Persistent link: https://www.econbiz.de/10005661787
This study examines the extent to which the transition from university education to work is characterized by persistent hiring flows between university faculties and firms, rather than being characterized by an open market process. Using a specially devised metric, I find that more than one-half...
Persistent link: https://www.econbiz.de/10005662002
This paper uses vector autoregressions to examine the monetary transmission mechanism in Japan. The empirical results … other sources for a shortfall in bank borrowing, and that business investment is especially sensitive to monetary shocks. We …
Persistent link: https://www.econbiz.de/10005666763
Should one think of zero nominal interest rates as an undesirable liquidity trap or as the desirable Friedman rule? I use three different frameworks to discuss this issue. First, I restate Cole and Kocherlakota's (1998) analysis of Friedman's rule: short run increases in the money stock -...
Persistent link: https://www.econbiz.de/10005788876