Showing 1 - 10 of 47
There is an apparent theoretical discrepancy between the effects of monetary policy shocks on economies with differently competitive banking sectors. We employ cross-country data to investigate this hypothesis with two different approaches. First, using aggregate data we analyze the correlation...
Persistent link: https://www.econbiz.de/10005445068
This paper uses bank-level data to investigate whether the impact of monetary policy on bank lending depends on the characteristics of Chinese banks during the period 1985-2007. We find that the impact of monetary policy on lending is weaker for larger banks and banks with lower levels of...
Persistent link: https://www.econbiz.de/10008565511
In this paper, we introduce a proxy for the legal protection of investors, a dummy variable that indicates legal origins, into the Feldstein and Horioka (1980, Economic Journal 90) saving-investment regression. The estimations show that in the French-civil-law countries, which have the weakest...
Persistent link: https://www.econbiz.de/10010836282
In this paper, we introduce a proxy for the legal protection of investors, a dummy variable that indicates legal origins, into the Feldstein and Horioka (1980, Economic Journal 90) saving-investment regression. The estimations show that in the French-civil-law countries, which have the weakest...
Persistent link: https://www.econbiz.de/10005767604
We analyze fluctuations in inflation and the nominal exchange rate under optimal monetary policy with local currency pricing by developing two-country DSGE local currency pricing and producer currency pricing models. We estimate our models using Bayesian techniques with Japanese and US data, and...
Persistent link: https://www.econbiz.de/10009645502
In this paper, we estimate average marginal tax rates on factor incomes in Japan from 1963 to 2007. We adapt the method of D.H. Joines [Estimates of effective marginal tax rates on factor incomes. J. Bus. 54 (2), 191-226.] to the Japanese tax and social security system. Average marginal tax...
Persistent link: https://www.econbiz.de/10009195223
There are some problems with the standard errors of QALY weights proposed by Groot (2000, Journal of Health Economics 19). The standard errors show smaller values than those of Groot when we recalculate using his method. Moreover, we correct the derivation of his approximation and derive...
Persistent link: https://www.econbiz.de/10010630076
There are some problems with the standard errors of QALY weights proposed by Groot (2000, Journal of Health Economics 19). The standard errors show smaller values than those of Groot when we recalculate using his method. Moreover, we correct the derivation of his approximation and derive...
Persistent link: https://www.econbiz.de/10005110851
This paper firstly summarized experience of Vietnam and Taiwan in developing modern agricultural manorial economy. The manorial economy of Vietnam is characterized by intensive and specialized operation and high marketization and wide employment of labors, while the experience of Taiwan can be...
Persistent link: https://www.econbiz.de/10011168207
Recent empirical studies have shown an increasing co-movement between fund and market liquidity, which is driven by common factors such as monetary shocks. Modeling this co-movement becomes desirable to evaluate policies relating to liquidity and financial instability. This paper establishes a...
Persistent link: https://www.econbiz.de/10011086691