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IMES Discussion Paper Series

2013

IMES Discussion Paper Series (DPS) is circulated in order to stimulate discussion and comments. Views expressed in Discussion Paper Series are those of authors and do not necessarily reflect those of the Bank of Japan or the Institute for Monetary and Economic Studies.

Click the title to obtain an abstract of the thesis

No./Main Category Author(s) Title/Keywords Date Full Text (PDF)
2013-E-14/Economics Michael W. Klein, Jay C. Shambaugh Rounding the Corners of the Policy Trilemma: Sources of Monetary Policy Autonomy
/Exchange Rate Regimes; Trilemma; Monetary Policy; Capital Controls
2013-12-25 502KB
2013-E-13/Economics Hideki Konishi, Kozo Ueda Aging and Deflation from a Fiscal Perspective
/Deflation; Fiscal theory of the price level; Population aging; Redistribution across
2013-12-25 285KB
2013-E-12/Economics Naohisa Hirakata, Takushi Kurozumi The International Finance Multiplier in Business Cycle Fluctuations
/Business cycle fluctuations; International finance multiplier mechanism; Financial accelerator mechanism
2013-12-25 523KB
2013-E-11/Accounting Yoshihiro Tokuga, Yoko Ota Influence of the Expansion of Fair Valuation on the Contracting Role of Accounting: A Normative Study
/fair value; valuation role; contracting role; executive compensation; financial covenants; dividend restrictions; financial regulation and supervision
2013-12-25 227KB
2013-E-10/Economics Gary D. Hansen, Selahattin Imrohoroglu Fiscal Reform and Government Debt in Japan: A Neoclassical Perspective
/Government debt; fiscal policy; aging; Japan
2013-10-11 366KB
2013-E-9/Economics Guillermo Calvo Puzzling over the Anatomy of Crises: Liquidity and the Veil of Finance
/Financial Crises; Bubbles; Sudden Stop
2013-09-09 564KB
2013-E-8/Economics Maurice Obstfeld On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability
/Fiscal policy; Financial stability; Monetary policy; Financial crisis; Banking crisis; Bank resolution
2013-09-09 333KB
2013-E-7/Economics Hiroshi Fujiki Institutional Designs to Alleviate Liquidity Shortages in a Two-Country Model
/Foreign exchange market; CLS; Cross-border collateral arrangements; Liquidity swap lines
2013-08-12 275KB
2013-E-6/Economics Naohisa Hirakata, Takeki Sunakawa Financial Frictions, Capital Misallocation, and Structural Change
/Financial frictions; heterogeneous firms; capital misallocation; total factor productivity; structural change
2013-06-21 432KB
2013-E-5/Economics Naohisa Hirakata, Mitsuru Katagiri Capital Flow, Foreign Direct Investment and Home Market Effect
/Foreign Direct Investment (FDI); Capital Flows; Home Market Effect
2013-06-21 317KB
2013-E-4/Economics Hiroshi Fujiki Japanese Money Demand from the Regional Data: An Update and Some Additional Results
/Demand for money; Income elasticity of money demand
2013-06-21 1,174KB
2013-E-3/Economics Hiroshi Fujiki, Cheng Hsiao Disentangling the Effects of Multiple Treatments
- Measuring the Net Economic Impact of the 1995 Great Hanshin-Awaji Earthquake

/Multiple Treatment Effects; Panel Data; Great Hanshin-Awaji Earthquake
2013-06-10 1,078KB
2013-E-2/Economics Robert Dekle Real Exchange Rates in a Model of Structural Change: Applications to the Real Yen-Dollar and Chinese RMB-Dollar Exchange Rates
/equilibrium real exchange rates; Balassa-Samuelson effect; structural transformation; sectoral change; productivity
2013-05-20 492KB
2013-E-1/Law Annelise Riles Is New Governance the Ideal Architecture for Global Financial Regulation?
/International Financial Regulation; Global Systemically Important Financial Institutions; Financial Stability Board; Regulatory Reform; New Governance; Regulatory Pluralism
2013-01-21 769KB
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