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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
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
A striking feature of many financial crises is the collapse of exports relative to output. In the 2008 financial crisis, real world exports plunged 17 percent while GDP fell 5 percent. This paper examines whether the drying up of trade finance can help explain the large drops in exports relative...
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 …
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
. Results are presented for the United States, Japan, and an aggregate called "Europe" consisting of eleven European economies … indices for Japan and Europe. If anything, real wages in Europe and Japan were too flexible rather than too rigid, in the … sense that much of the increase in wage gap indices in Europe during 1968-70 and in Japan in 1973-74 can be interpreted as …
Persistent link: https://www.econbiz.de/10005789135