Showing 1 - 10 of 412
prototypical New Keynesian model fit to Japanese data exhibits orthodox dynamics during Japan's episode with zero interest rates …. We then demonstrate that this specification is more consistent with outcomes in Japan than alternative specifications …
Persistent link: https://www.econbiz.de/10010292223
Least Squares and an Ordered Probit model. The empirical analysis uses daily intervention data for Australia, Japan and …
Persistent link: https://www.econbiz.de/10010321630
This paper analyzes the stabilizing properties of alternative monetary policy regimes. In practice there is a choice between two broad types of monetary policy regimes: a fixed exchange rate regime or a floating exchange rate regime. In this paper I compare exchange rate targeting with different...
Persistent link: https://www.econbiz.de/10010321739
Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This … paper examines Japan's liquidity trap in light of the structure and performance of the country's economy since the onset of … understanding Japan's liquidity trap but also for formulating and implementing policies that can overcome the liquidity trap and …
Persistent link: https://www.econbiz.de/10011784652
The bursting of the Japanese bubble economy in the early 1990s put the stage for a lasting lowzero-, and negative-interest rate environment, which fundamentally changed the business environment for the Japanese commercial banks. On the income side, with interest margins becoming increasingly...
Persistent link: https://www.econbiz.de/10012422760
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/10012590545
that the Bank of Japan's monetary policies have boosted stock markets in particular, leading to disproportionate benefits … policy may have contributed to the persistent growth in income inequality in Japan, as measured by metrics such as the Gini …
Persistent link: https://www.econbiz.de/10014000501
This paper analyzes the impact of conventional and unconventional monetary policy on income inequality in Japan, using … hitherto unexplored data from the Japan Household Panel Survey. Empirical evidence shows that expansionary monetary policy in … Japan has contributed to diminishing the gender pay gap, but also to increasing the education pay gap. These effects may …
Persistent link: https://www.econbiz.de/10012140466
, all centered on extending the reach of ASEAN to include free trade agreements with combinations of the northeast Asian … economies (PRC, Japan, Korea) and also the South Asian economies. We focus on a stylized FTA that includes goods, services, and … for East Asia is that China, Japan, and Korea be brought into any scheme for deeper regional integration. This matter …
Persistent link: https://www.econbiz.de/10010294903
semi-structured interviews with a sample of firms and industry associations relevant to India's trade with ASEAN, the paper … found that despite low volumes, vertically specialized trade has been growing between India and ASEAN. Overall, there is … significant potential for deepening India's engagement in ASEAN by expanding intermediates exports in the machinery sector …
Persistent link: https://www.econbiz.de/10011807698