Economy

2009

No.DateTitleFull Text
09-E-7Dec.  8Identifying the Effect of Bank of Japan's Liquidity Facilities: The Case of CP Operations During Financial Turmoil  PDF, (224KB)
09-E-6Dec.  8Identifying the Effect of Bank of Japan's Liquidity Provision on the Year-End Premium: A Structural Approach  PDF, (179KB)
09-E-5Nov. 19Measuring Energy-Saving Technical Change in Japan  PDF, (288KB)
09-E-4Oct.  5Financial Constraints and Firms' Pricing Decisions  PDF, (265KB)
09-E-2Jun. 26China's Industrial Structure and its Changes in Recent Years: An Analysis of the 1997-2005 Input-Output Tables  PDF, (273KB)

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2008

No.DateTitleFull Text
08-E-10Nov. 25Central bank's two-way communication with the public and inflation dynamics  PDF, (560KB)
08-E-9Sep. 29Inflation Dynamics and Labor Adjustments in Japan: A Bayesian DSGE Approach  PDF, (406KB)
08-E-8Sep.  5Does Information Technology Raise Japan's Productivity?  PDF, (789KB)
08-E-7Aug. 26Monetary Policy and Sunspot Fluctuation in the U.S. and the Euro Area  PDF, (737KB)
08-E-6Jul.  3Monetary Policy Framework and "Insurance Against Deflation"  PDF, (496KB)
08-E-4Jun. 10Endogenous Nominal Rigidities and Monetary Policy  PDF, (294KB)
08-E-3Mar.  4US Barbarians at the Japan Gate: Cross Border Hedge Fund Activism  PDF, (179KB)
08-E-2Mar.  4Efficiency of Credit Allocation and Effectiveness of Government Credit Guarantees: Evidence from Japanese Small Businesses  PDF, (254KB)
08-E-1Jan. 31Forecast Selection by Conditional Predictive Ability Tests: An Application to the Yen/Dollar Exchange Rate  PDF, (386KB)

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2007

No.DateTitleFull Text
07-E-26Nov. 21Interdependence of Production and Income in Asia-Pacific Economies: An International Input-Output Approach  PDF, (262KB)
07-E-25Nov. 21Import Competition and Manufacturing Employment in Japan  PDF, (294KB)
07-E-24Nov. 15Structural Estimation of the Output Gap: A Bayesian DSGE Approach for the U.S. Economy  PDF, (506KB)
07-E-22Nov.  7Regime Switches in Exchange Rate Volatility and Uncovered Interest Parity  PDF, (169KB)
07-E-23Oct. 15Stabilized Business Cycles with Increased Output Volatility at High Frequencies  PDF, (299KB)
07-E-17Aug. 29A Macro-Finance Analysis of the Term Structure and Monetary Policy in Japan: Using a Model with Time-Variant Equilibrium Rates of Real Interest and Inflation and with the Zero Lower Bound of Nominal Interest Rates  PDF, (693KB)
07-E-20Aug.  9Price Setting in Japan: Evidence from CPI Micro Data  PDF, (679KB)
07-E-19Aug.  7Price Setting Behavior and Hazard Functions: Evidence from Japanese CPI Micro Data  PDF, (382KB)
07-E-18Jul. 17Equilibrium Interest Rate and the Yield Curve in a Low Interest Rate Environment  PDF, (336KB)
07-E-16Jul.  2Uncertainty about Perceived Inflation Target and Monetary Policy  PDF, (348KB)
07-E-15Jul.  2Biases in Monetary Policy Expectations Extracted From Fed Funds Futures and Surveys  PDF, (313KB)
07-E-14Jun. 27Consumption, Working Hours, and Wealth Determination in a Life Cycle Model  PDF, (336KB)
07-E-13May 21Money Market Operations in China: Monetary Policy or FX Policy?  PDF, (352KB)
07-E-10May  2The Costs and Benefits of Inflation: Evaluation for Japan's Economy  PDF, (428KB)
07-E-8Apr. 13Land Prices and Fundamentals  PDF, (435KB)
07-E-7Apr.  5Determinants of Land-Price Movements in Japan  PDF, (703KB)
07-E-5Feb. 28Phillips Correlation and Trend Inflation under the Kinked Demand Curve  PDF, (156KB)
07-E-4Feb. 23The determinants of credit spread changes in Japan  PDF, (354KB)
07-E-3Feb. 14Multi-Sector Menu Cost Model, Decreasing Hazard, and Phillips Curve  PDF, (342KB)
07-E-2Feb.  5Estimating a DSGE Model for Japan: Evaluating and Modifying a CEE/SW/LOWW Model  PDF, (351KB)
07-E-1Jan. 29Optimal Trend Inflation and Monetary Policy under Trending Relative Prices  PDF, (237KB)

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2006

No.DateTitleFull Text
06-E-20Nov. 15How Far Apart Are Two ACUs from Each Other? : Asian Currency Unit and Asian Currency Union  PDF, (632KB)
06-E-18Oct. 12The Role of Trade Credit for Small Firms: An Implication from Japan's Banking Crisis  PDF, (442KB)
06-E-16Sep. 27Monetary Policy and the Yield Curve at Zero Interest: The Macro-Finance Model of Interest Rates as Options  PDF, (356KB)
06-E-12Aug. 11Panel Analysis of Chinese Corporate Debt -- How Far Have Market Mechanisms Penetrated? --  PDF, (273KB)
06-E-11Jul. 25Roles of Technology and Nontechnology Shocks in the Business Cycles  PDF, (510KB)
06-E-8Jun.  1An Empirical Analysis of Price Stickiness and Price Revision Behavior in Japan Using Micro CPI Data  PDF, (328KB)
06-E-9May 30Monetary policy conduct of the Swiss National Bank: the experience from 2001 to 2004  PDF, (179KB)
06-E-6Mar. 20U.S. R&D and Japanese Medium Term Cycles  PDF, (755KB)
06-E-2Feb. 17Determinacy and Expectational Stability of Equilibrium in a Monetary Sticky-Price Model with Taylor Rule  PDF, (270KB)
06-E-1Feb. 15Nonlinear Income Variance Profile and Consumption Inequality over the Life Cycle  PDF, (497KB)

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2005

No.DateTitleFull Text
05-E-15Dec.  7Trade Patterns in Japan's Machinery Sector  PDF, (259KB)
05-E-14Oct.  4How Do Monetary Policy Rules Affect Term Premia?  PDF, (263KB)
05-E-13Sep. 30Impaired Bank Health and Default Risk  PDF, (153KB)
05-E-12Sep.  1Changes in the Demand for Skilled Labor within Japan's Manufacturing Sector: Effects of Skill-Biased Technological Change and Globalization  PDF, (298KB)
05-E-10Jul. 28The Decline of Japan's Saving Rate and Demographic Effects  PDF, (208KB)
05-E-9Jul. 11Inflation Dynamics in China  PDF, (635KB)
05-E-8Jun. 13A Historical Evaluation of Financial Accelerator Effects in Japan's Economy  PDF, (410KB)
05-E-6Apr. 21The Effects of the Bank of Japan's Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: A Macro-Finance Approach  PDF, (248KB)
05-E-5Apr. 13Bank Health and Investment: An Analysis of Unlisted Companies in Japan  PDF, (258KB)
05-E-4Mar. 29Policy Coordination in East Asia and across the Pacific  PDF, (546KB)
05-E-1Feb.  8On the Function of the Zero Interest Rate Commitment: Monetary Policy Rules in the Presence of the Zero Lower Bound on Interest Rates  PDF, (624KB)

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2004

No.DateTitleFull Text
04-E-16Nov. 26Dynamic Capital Structure of Japanese Firms: How Far Has the Reduction of Excess Leverage Progressed in Japan?   PDF, (193KB)
04-E-13Sep. 27Reviewing US Monetary Policy in Disinflation Era: A Primer   PDF, (581KB)
04-E-12Sep.  7Evolution of Output Multipliers: An Analysis with a Particular Emphasis on Asia   PDF, (111KB)
04-E-11Aug. 17Why Can the Yield Curve Predict Output Growth, Inflation, and Interest Rates? An Analysis with an Affine Term Structure Model  PDF, (429KB)
04-E-9Jul.  6Equilibrium Land Prices of Japanese Prefectures: A Panel Cointegration Analysis   PDF, (270KB)
04-E-6Jun.  9Demographic Changes in Japan and their Macroeconomic Effects   PDF, (1172KB)
04-E-5Apr.  7Recent Characteristics of Royalties and License Fees in Japan's Balance of Payments  PDF, (170KB)
04-E-3Mar. 30The Japanese Economic Model: JEM  PDF, (744KB)
04-E-2Mar. 10Land Investment by Japanese Firms during and after the Bubble Period   PDF, (311KB)

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2003

No.DateTitleFull Text
03-E-8Dec. 11Zero Bound on Nominal Interest Rates and Ex Ante Positive Inflation: A Cost Analysis  PDF, (373KB)
03-E-5Nov. 25Analysis of the Relative Price of Nontradable Goods in the G7 Countries  PDF, (684KB)
03-E-4Nov.  7Land Prices in the Tokyo Metropolitan Area: A Hedonic Analysis of Judicial Auction Prices   PDF, (903KB)
03-E-1Oct. 21Investment with Uncertainty: Detection of Decomposed Uncertainty Factors Affecting Investment   PDF, (985KB)
Sep. 24Regime-Switching Approach to Monetary Policy Effects: Empirical Studies using a Smooth Transition Vector Autoregressive Model   PDF, (968KB)
Sep.  3The Effects of Technology Changes on the Sectoral Trade Patterns and the Import Penetration Ratio   PDF, (549KB)
Apr. 17Measuring Productivity Growth over the 90s: Is the New Economy Still Alive?  PDF, (517KB)
Feb. 26Deepening Interdependence in the Asia-Pacific Region: An Empirical Study Using a Macro-Econometric Model  PDF, (343KB)
Feb. 24The Role of Buyout Funds in Accelerating Business Recovery in Japan 

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2002

DateTitleFull Text
May 15Time-Varying NAIRU and Potential Growth in Japan   PDF, (248KB)
May  2A Statistical Forecasting Method for Inflation Forecasting  PDF, (286KB)
Aug. 19Financial Accelerator Effects in Japan's Business Cycles  PDF, (520KB)
Jul. 24The Effects of Monetary Policy on Firm Investment after the Collapse of the Asset Price Bubble: An Investigation Using Japanese Micro Data  PDF, (322KB)
Jul. 15Analysis of Intra- and Inter-regional Trade in East Asia: Comparative Advantage Structures and Dynamic Interdependency in Trade Flows  PDF, (527KB)
Apr. 30Forbearance Lending: A Case for Japanese Firms  PDF, (221KB)
Feb. 28Import Penetration and Consumer Prices  PDF, (245KB)

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2001

DateTitleFull Text
Jul. 25Methodology for Handling Missing Values In TANKAN  PDF, (476KB)
Dec. 14Model Uncertainty of Real Exchange Rate Forecast over Mid-term Horizons  PDF, (312KB)
Dec.  7QUALITY ADJUSTMENT OF SERVICE PRICES The Results of Quality Adjustment of the Corporate Service Price Index in 2000 and Future Implications for Handling Service Prices  PDF, (95KB)
Dec.  7Costs of Inflation in Japan: Tax and Resource Allocation  PDF, (198KB)
Oct. 22Corporate Service Price Index (CSPI) : Telecommunications Services  PDF, (117KB)
Oct. 18Sectoral Credit Shifts in Japan: Causes and Consequences of Their Decline in the 1990s  PDF, (201KB)
Oct. 11A New Technique for Simultaneous Estimation of the Output Gap and Phillips Curve  PDF, (305KB)
Jul. 30Quality Adjustment of Price Indexes Wholesale Price Index and Corporate Service Price Index: The Current Situation and Future Implications  PDF, (165KB)
Jul. 17Treatment of Retirement Benefits and Stock Options in National Accounting  PDF, (123KB)
Mar.  5The Contribution of Information Technology to Productivity Growth -International Comparison-  PDF, (238KB)

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2000

DateTitleFull Text
Mar. 13Effects of Measurement Error on the Output Gap in Japan  PDF, (353KB)
Oct. 30East Asia's Intra- and Inter-Regional Economic Relations; Data Analyses on Trade, Direct Investments and Currency Transactions  PDF, (138KB)
Oct. 30Insights into a Recent Increase in Foreign Direct Investment in Japan -Theoretical Explanation and Research Based on Actual Developments-  PDF, (149KB)
Aug.  3Does Japan Save Too Much? Or Do Other Major Countries Save Too Little? International comparison of savings rates from the modified golden rule approach  PDF, (288KB)
Jun.  8Economic Growth of NIEs and ASEAN-4 in 1999 and 2000  PDF, (146KB)
Jun.  8Increased Labor Productivity and IT Investment in the United States  PDF, (248KB)
May 19Financial Market and Macroeconomic Volatility -Relationships and Some Puzzles-  PDF, (129KB)
Apr. 17Forward-looking Models and Monetary Policy in Japan  PDF, (339KB)
Feb. 29Small Scale Bayesian VAR Modeling of the Japanese Macro Economy Using the Posterior Information Criterion and Monte Carlo Experiments  PDF, (343KB)
Feb. 15Does a Decrease in the Real Interest Rate Actually Stimulate Personal Consumption? -An Empirical Study-  PDF, (192KB)
Feb.  8Testing the Purchasing Power Parity Hypothesis: Re-examination by Additional Variables, Tests with Known Cointegrating Vectors, Monte Carlo Critical Values, and Fractional Cointegration  PDF, (251KB)
Jan. 12Understanding Japan's Financial and Economic Developments Since Autumn 1997  PDF, (355KB)

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1999

DateTitleFull Text
Aug. 20Downward Price Rigidity of the Japanese CPI --Analysis by Probability Density Functions and Spatial Density Functions  PDF, (237KB)
Jul. 16Asymmetric Effects of Monetary Policy: Japanese Experience in the 1990's  PDF, (328KB)
Jun.  4Yen/Dollar Exchange Rate Expectations in the 1980-90's  PDF, (112KB)

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1998

DateTitleFull Text
Dec. 22The Determinants of Foreign Direct Investment from Japan and the United States to East Asian Countries, and the Linkage between FDI and Trade   PDF, (181KB)
Jul. 14A Local Model of Asian Economies  ZIP, (267KB)
Jul. 14The Yield Spread as a Predictor of Japanese Recessions  ZIP, (60KB)
Jul. 14Searching for the Long-Run Relations between Monetary Aggregates and Other Macroeconomic Variables in Japan: A Vector Error Correction Approach  ZIP, (260KB)

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1997

DateTitleFull Text
Jul. 14Financial Liberalization, the Wealth Effect, and the Demand for Broad Money in Japan  PDF, (273KB)
Jul. 14Downward Nominal Wage Rigidity in Japan: Is Price Stability Costly?  ZIP, (108KB)

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