Showing 1 - 10 of 2,154
Persistent link: https://www.econbiz.de/10001402240
Persistent link: https://www.econbiz.de/10009761978
Persistent link: https://www.econbiz.de/10009789637
This paper analyzes the impact of monetary policy on household saving in Japan between 1993 and 2017. Using annual data … from the Japan Panel Survey of Consumers it is shown that monetary expansion has contributed to a widening gap in … it. The paper documents how inequality in terms of the ability to build up wealth has increased in Japan over the past …
Persistent link: https://www.econbiz.de/10012587831
In this paper we compare the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth. From a Keynesian and neoclassical perspective low interest rates are attributed to ageing societies, which save more for the future (global savings glut). Low growth is...
Persistent link: https://www.econbiz.de/10012124862
monetary policy had a significant impact on Japan's household behavior via the interest rate channel and the redistribution …
Persistent link: https://www.econbiz.de/10012485326
Persistent link: https://www.econbiz.de/10012805969
We provide a quantitative theory of deflation and secular stagnation. In our lifecycle framework, an aging population puts persistent downward pressure on the price level, real interest rates, and output. A novel feature of our theory is that it also recognizes the reactions of government...
Persistent link: https://www.econbiz.de/10013382196
Persistent link: https://www.econbiz.de/10014463207
Persistent link: https://www.econbiz.de/10013171079