IMES Discussion Paper Series
1999
IMES Discussion Paper Series 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.
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| No. | Author(s) | Title/Keywords | Date | Full Text (PDF) |
|---|---|---|---|---|
| 1999-E-28 | Comments: Ronald I. Mckinnon, Allan H. Meltzer Rejoinder: Kunio Okina |
Monetary Policy Under Zero Inflation -A Response to Criticisms and Questions Regarding Monetary Policy- Comments and Rejoinder /Monetary Policy, Zero Interest Rates, Long-term Interest Rates, Inflation Targeting, Outright Purchase of Government Bonds, Quantitative Easing, Excess Reserves, Base Monetary, Balance Sheet Problem, Liquidity Trap |
1999-10 | 68 KB |
| 1999-E-27 | Robert J. Gordon | The Boskin Commission Report and its Aftermath /inflation, price measurement, quality change, new products |
1999-09 | 146 KB |
| 1999-E-26 | Raj Bhala | International Dimensions of Japanese Insolvency Law: A Contextual Approach /Japanese insolvency law, international insolvency law, bank insolvencies |
1999-09 | 331 KB |
| 1999-E-25 | William Roberds | The Incentive Effects of Settlement Systems: A Comparison of Gross Settlement, Net Settlement, and Gross Settlement with Queuing /Settlement, payment, queuing |
1999-09 | 110 KB |
| 1999-E-24 | Masahiro Higo, Sachiko Nakada(Kuroda) | What Determines the Relation between Output Gap and Inflation? - An International Comparison of Inflation Expectations and Staggered Wage Adjustment - /Phillips Curve, NAIRU, Expected Inflation Rate, Price Adjustment, Output Gap, Inflation, Monetary Policy |
1999-09 | 181 KB |
| 1999-E-23 | Shigenori Shiratsuka | Measurement Errors in Japanese Consumer Price Index /Consumer Price Index, Measurement Errors, Cost of Living Index, Quality Changes, Boskin Report |
1999-09 | 223 KB |
| 1999-E-22 | Masahiro Higo | What Can Inflation Expectations and Core Inflation Tell Us About Monetary Policy in Japan ? /Asset Price, Business Cycle, Inflation Expectation, Inflation Targeting, Monetary Policy, Real Interest Rate, Trimmed Mean CPI |
1999-08 | 142 KB |
| 1999-E-21 | Shigenori Shiratsuka | Asset Price Fluctuation and Price Indices /Asset Price, Intertemporal cost of living index, Dynamic equilibrium price index, Monetary policy, Information variable |
1999-07 | 162 KB |
| 1999-E-20 | Kunio Okina | Monetary Policy Under Zero Inflation -A Response to Criticisms and Questions Regarding Monetary Policy- /Monetary Policy, Zero Interest Rates, Long-term Interest Rates, Inflation Targeting, Outright Purchase of Government Bonds, Quantitative Easing, Excess Reserves, Base Money, Balance Sheet Problem, Liquidity Trap |
1999-07 | 154 KB |
| 1999-E-19 | Shuji Kobayakawa, Hisashi Nakamura | A Theoretical Analysis of Narrow Banking Proposals /bank run, narrow banks |
1999-06 | 79 KB |
| 1999-E-18 | Patricia Hagan Kuwayama | Postal banking in the United States and Japan: a comparative analysis /U. S. postal savings, Japanese postal savings, deposit insurance, narrow bank |
1999-06 | 155 KB |
| 1999-E-17 | Tatsuya Yonetani, Nobuyuki Oda | Usefulness of Market Information and Accounting Information from the Perspective of Bank Supervisory Policy: An Empirical Study of Japanese Banks /Market information, Accounting information, Option pricing theory, Bank performance predicting |
1999-06 | 129 KB |
| 1999-E-16 | Jun Muranaga | Dynamics of Market Liquidity of Japanese Stocks: An Analysis of Tick-by-tick Data of the Tokyo Stock Exchange | 1999-05 | 255 KB |
| 1999-E-15 | Jun Muranaga, Tokiko Shimizu | Expectations and Market Microstructure when Liquidity Is Lost | 1999-05 | 369 KB |
| 1999-E-14 | Jun Muranaga, Tokiko Shimizu | Market Microstructure and Market Liquidity | 1999-05 | 190 KB |
| 1999-E-13 | James H. Stock | Monetary Policy in a Changing Economy: Indicators, Rules, and the Shift Towards Intangible Output /Knowledge-based economy, Time varying NAIRU, Taylor rule |
1999-05 | 1,448 KB |
| 1999-E-12 | Robert J. Gordon | Monetary Policy in the Age of Information Technology /Information Technology, Multifactor Productivity, NAIRU, Solow Paradox |
1999-05 | 140 KB |
| 1999-E-11 | Dale W. Jorgenson, Eric Yip | WHATEVER HAPPENED TO PRODUCTIVITY INVESTMENT AND GROWTH IN THE G-7? /Neoclassical growth theory, Investment and Productivity, Human capital, Intellectual capital, R&D, Sources of economic growth |
1999-05 | 163 KB |
| 1999-E-10 | Masahiro Kuroda, Koji Nomura | An Explanation of The Productivity Paradox: TFP Spillover through Capital Accumulation /Solow Paradox, Total Factor Productivity, Measurement Error, Spillover of Technology |
1999-05 | 517 KB |
| 1999-E-9 | Hal R. Varian | Markets for Information Goods /Information good, Experience good, Returns to scale, Previewing and browsing, Excludability, Intellectual property |
1999-05 | 161 KB |
| 1999-E-8 | Curtis J. Milhaupt | Japan's Experience with Deposit Insurance and Failing Banks: Implications for Financial Regulatory Design? /Deposit Insurance, Bank Failure |
1999-03 | 142 KB |
| 1999-E-7 | Milton H. Marquis | The Joint and Several Effects of Liquidity Constraints, Financing Constraints, and Financial Intermediation on the Welfare Cost of Inflation /inflation taxes, financing constraints, financial intermediation |
1999-02 | 280 KB |
| 1999-E-6 | Hiroshi Fujiki, Edward. J. Green, Akira Yamakzaki | Sharing the Risk of Settlement Failure: Synopsis /settlement system, risk sharing, private information, mechanism design, core |
1999-02 | 194 KB |
| 1999-E-5 | Hitoshi Mio, Masahiro Higo | Underlying Inflation and the Distribution of Price Changes Evidence from the Japanese Trimmed Mean CPI /underlying inflation, trimmed mean CPI, price change distribution, temporary relative price shock |
1999-02 | 307 KB |
| 1999-E-4 | Michael F. Bryan, Stephen G. Cecchetti | The Monthly Measurement of Core Inflation in Japan /Inflation Measurement, Core Inflation, Trimmed Means, Median |
1999-02 | 384 KB |
| 1999-E-3 | Tokiko Shimizu, Takashi Ui | Contagious Expectations and Malfunctions of Markets: Some Lessons from Japanese Financial Institution Failures in 1997 | 1999-01 | 257 KB |
| 1999-E-2 | Jun Muranaga, Tokiko Shimizu | Effect of Trading Halt System on Market Functioning: Simulation Analysis of Market Behavior with Artificial Shutdown /Artificial market model, Feedback mechanism, Market crash, Trading halt system |
1999-01 | 1,691 KB |
| 1999-E-1 | Yukinobu Kitamura, Shuji Kobayakawa | Risk Accumulation, Contagion and The Rules for Bank Failure /contagion, random walk, arc-sine theorem, closure rule, capital injection |
1999-01 | 234 KB |