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Home > Research and Studies > Research Papers Released by the Institute for Monetary and Economic Studies > IMES Discussion Paper E-Series > 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-E-22||Kenshi Taketa||Contagion of Currency Crises across Unrelated Countries
/Contagion; Currency Crises; Global Game.
|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-E-20||William R. Easterly||Globalization, Inequality and Development: The Big Picture
/Globalization, Trade, Capital flows, Migration, Education, Development.
|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-E-18||Bennett T. McCallum||Long-Run Monetary Neutrality and Contemporary Policy Analysis
/Superneutrality, Natural-rate hypothesis, Quantity theory of money, Cointegration
|2004-E-17||Franklin Allen, Hiroko Oura||Sustained Economic Growth and the Financial System
/Growth, Crises, Bubbles, Contagion, Financial fragility
|2004-E-16||Assaf Razin, Efraim Sadka||Privatizing Social Security: A Political-Economy Approach
/Dependency ratio, Median voter, Privatization, Individual saving accounts
|2004-E-15||Vincent R. Reinhart||Securing the Peace after a Truce in the War on Inflation
/Monetary policy, Zero bound, Equilibrium interest rate
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-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-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-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-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-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-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-E-7||Hiroshi Fujiki, Kunio Okina, Shigenori Shiratsuka||Comments on "Price Stability and Japanese Monetary Policy"
/quantitative easing, deflation
|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-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-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-E-3||Daniel L. Thornton||Testing the Expectations Hypothesis: Some New Evidence for Japan
/Expectations hypothesis, Nonstationarity, Vector autoregression, Lagrange multiplier test
|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-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