IMES Discussion Paper Series
2004
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) |
|---|---|---|---|---|
| 2004-E-23 | Kenshi Taketa | A Large Speculator in Contagious Currency Crises:
A Single "George Soros" Makes Countries More Vulnerable to Crises, but Mitigates Contagion /Contagion; Currency Crises; Global Game |
2004-12 | 305 KB |
| 2004-E-22 | Kenshi Taketa | Contagion of Currency Crises across Unrelated Countries
/Contagion; Currency Crises; Global Game. |
2004-12 | 246 KB |
| 2004-E-21 | Yasushi Iwamoto | Monetary and Fiscal Policy to Escape from a Deflationary Trap
/Monetary policy, zero bound on interest rates, liquidity trap, deflationary trap, non-Ricardian fiscal policy regime. |
2004-10 | 386 KB |
| 2004-E-20 | William R. Easterly | Globalization, Inequality and Development: The Big Picture
/Globalization, Trade, Capital flows, Migration, Education, Development. |
2004-10 | 235 KB |
| 2004-E-19 | Kunio Okina, Shigenori Shiratsuka | Asset Price Fluctuations, Structural Adjustments,
and Sustained Economic Growth: Lessons from Japan's Experience since the Late 1980s /Asset price bubble, Relative price changes, Structural adjustments, Productivity growth |
2004-09 | 259 KB |
| 2004-E-18 | Bennett T. McCallum | Long-Run Monetary Neutrality and Contemporary Policy Analysis
/Superneutrality, Natural-rate hypothesis, Quantity theory of money, Cointegration |
2004-08 | 168 KB |
| 2004-E-17 | Franklin Allen, Hiroko Oura | Sustained Economic Growth and the Financial System
/Growth, Crises, Bubbles, Contagion, Financial fragility |
2004-08 | 251 KB |
| 2004-E-16 | Assaf Razin, Efraim Sadka | Privatizing Social Security: A Political-Economy Approach
/Dependency ratio, Median voter, Privatization, Individual saving accounts |
2004-08 | 170 KB |
| 2004-E-15 | Vincent R. Reinhart | Securing the Peace after a Truce in the War on Inflation
/Monetary policy, Zero bound, Equilibrium interest rate |
2004-08 | 477 KB |
| 2004-E-14 | Maurice Obstfeld |
Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies /Developing Countries, Emerging Markets, Convergence, Macroeconomic Volatility, Exchange-rate Regimes, Institutions, Dollarization, Original Sin. |
2004-08 | 466 KB |
| 2004-E-13 | Hiroyuki Oi, Shigenori Shiratsuka, Toyoichiro Shirota | On Long-Run Monetary Neutrality in Japan
/Long-run monetary neutrality, Long-term time-series data, Structural changes, Unit root tests, Bivariate structural VAR |
2004-08 | 503 KB |
| 2004-E-12 | Hiroshi Fujiki, Kiyoshi Watanabe | Japanese Demand for M1 and Demand Deposits: Cross-Sectional and Time-Series Evidence from Japan /Zero interest rate policy, Demand for money |
2004-08 | 347 KB |
| 2004-E-11 | Ulrike Schaede | The "Middle Risk Gap" and Financial System Reform: Small Firm Financing in Japan
/Middle market, Interest rates, Japan, small firm financing, government lending, securitization, banking reform. |
2004-07 | 254 KB |
| 2004-E-10 | Takuji Kawamoto | Technology Shocks and the Role of Monetary Policy in the Beauty Contest Monetarist Model
/Technology Shocks; Imperfect Common Knowledge; Employment; Inflation; and Monetary Policy |
2004-07 | 391 KB |
| 2004-E-9 | Ryoji KOIKE | Japan's Foreign Direct Investment and Structural Changes in Japan and East Asia Trade
/Foreign direct investment (FDI), gravity equation, trade structure, vertical specialization, horizontal specialization, fragmentation |
2004-06 | 353 KB |
| 2004-E-8 | Yukinobu Kitamura | Information Contents of Inflation Indexed Bond Prices: Evaluation of U.S. Treasury Inflation-Protection Securities
/Inflation Indexed Bond; Expected Inflation Rate; Real Yield |
2004-06 | 394 KB |
| 2004-E-7 | Hiroshi Fujiki, Kunio Okina, Shigenori Shiratsuka | Comments on "Price Stability and Japanese Monetary Policy"
/quantitative easing, deflation |
2004-06 | 503 KB |
| 2004-E-6 | Robert L. Hetzel | Price Stability and Japanese Monetary Policy
/Quantity theory view, liquidity view, quantitative easing, expectation, price stability, Japanese monetary policy |
2004-06 | 584 KB |
| 2004-E-5 | Takuji Kawamoto | What Do the Purified Solow Residuals Tell Us about Japan's Lost Decade?
/Productivity; Technology; Purified Solow Residual; and Japan |
2004-04 | 317 KB |
| 2004-E-4 | Masayuki NAKAKUKI, Akira OTANI, Shigenori SHIRATSUKA | Distortions in Factor Markets and Structural Adjustments in the Economy
/Structural Problems; Heckscher-Ohlin Model; Specific Factor Model; Production Possibility Frontier; and Total Factor Productivity (TFP) |
2004-03 | 293 KB |
| 2004-E-3 | Daniel L. Thornton | Testing the Expectations Hypothesis: Some New Evidence for Japan
/Expectations hypothesis, Nonstationarity, Vector autoregression, Lagrange multiplier test |
2004-02 | 149 KB |
| 2004-E-2 | Jun Nagayasu | The Term Structure of Interest Rates and Monetary Policy During a Zero-Interest-Rate Period
/Monetary policy; Zero interest rates |
2004-01 | 173 KB |
| 2004-E-1 | Andrew K. Rose | Equity Integration in Japan: An Application of a New Method
/Risk-free, Intertemporal, Asset, Financial, Market, Expected, Price, Stock, Tokyo |
2004-01 | 120 KB |