Similar Search Results

The relationship of firm growth and Q with multiple capital goods: theory and evidence from panel data on Japanese firms

Hayashi, Fumio; Inoue, Tohru - Federal Reserve Bank of Minneapolis - 1989

We develop a Q model of investment with multiple capital goods that delivers a one-to-one relation between the growth rate of the capital aggregate and the stock market-based Q. We estimate the growth-Q relation using a panel of over six hundred Japanese manufacturing firms taking into account...

Persistent link: https://www.econbiz.de/10005498962

Data Appendix to The 1990s in Japan: A Lost Decade

Hayashi, Fumio; Prescott, Edward C. - Society for Economic Dynamics - SED - 2002

Detailed macroeconomic data to accompany the article in the Review of Economic Dynamics

Persistent link: https://www.econbiz.de/10005048002

The 1990s in Japan: A Lost Decade

Hayashi, Fumio; Prescott, Edward C. - In: Review of Economic Dynamics 5 (2002) 1, pp. 206-235

This paper examines the Japanese economy in the 1990s, a decade of economic stagnation. We find that the problem is not a breakdown of the financial system, as corporations large and small were able to find financing for investments. There is no evidence of profitabkle investment opportunities...

Persistent link: https://www.econbiz.de/10005069713

Is Japan's saving rate high?

Hayashi, Fumio - In: Quarterly Review (1989) Spr, pp. 3-9

There are two major differences between Japan and the United States in the way saving is calculated in their national … rates of the two countries. Since 1970 Japan's national saving rate has been declining to the stationary U.S. rate. This … trend, however, has been reversed in recent years. In contrast, Japan's wealth-to-income ratio (excluding land), after …

Persistent link: https://www.econbiz.de/10005707905

Ex-day behavior of Japanese stock prices: new insights from new methodology

Hayashi, Fumio; Jagannathan, Ravi - Federal Reserve Bank of Minneapolis - 1990

We study the ex-dividend day behavior of Japanese stock prices for the period 1983–87. We find that, contrary to previous findings, prices of ex-day stocks drop by nearly the full amount of the dividend. However, ex-day stocks shows an abnormal return. Also, for the many ex-dividend day stocks...

Persistent link: https://www.econbiz.de/10005712945