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IMES Discussion Paper Series

2005

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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Table : IMES Discussion Paper Series
No. Author(s) Title/Keywords Date Full Text (PDF)
2005-E-18 Takayuki Tsuruga The Hump-shaped Behavior of Inflation and a Dynamic Externality
/Inflation; New Keynesian Phillips Curve; Sticky Price Model; Sticky Wages; Variable Capital Utilization; Dynamic Externality
2005-12 263 KB
2005-E-17 Maria Pia Iannariello, Hanan Morsy, Akiko Terada-Hagiwara Role of Debt Maturity Structure on Firm Fixed Assets during Sudden Stop Episodes: Evidence from Thailand
/Firm fixed asset, Sudden Stops, Thailand, Short-term debt maturity structure, Asia financial crisis
2005-12 276 KB
2005-E-16 Keiichi Tanaka, Takeshi Yamada, Toshiaki Watanabe Approximation of Interest Rate Derivatives' Prices by Gram-Charlier Expansion and Bond Moments
/Gram-Charlier expansion, bond moment, swaption, constant maturity swap, convexity adjustment
2005-11 320 KB
2005-E-15 Akiko Terada-Hagiwara Explaining the Real Exchange Rate during Sudden Stops and Tranquil Periods
/Real Exchange rate, Capital flows, Sudden Stop, Asia, Latin America
2005-11 254 KB
2005-E-14 Ichiro Fukunaga Inventories, Predetermined Prices, and the Effects of Monetary Policy
/Inventories; Sales-facilitating motive; Nominal and real rigidities; Predetermined prices and production
2005-10 317 KB
2005-E-13 Francesco Giavazzi, Tullio Jappelli, Marco Pagano, Marina Benedetti Searching for Non-Monotonic Effects of Fiscal Policy:
New Evidence

/Fiscal policy; national saving
2005-09 178 KB
2005-E-12 Kenneth Kletzer International Financial Integration, Sovereignty, and Constraints on Macroeconomic Policies
/International financial integration; sovereignty; tax smoothing; nominal public debt; monetary policy
2005-09 497 KB
2005-E-11 Guillaume Plantin, Haresh Sapra, Hyun Song Shin Marking to Market, Liquidity, and Financial Stability
/Marking to market; accounting regime; monetary policy; financial stability
2005-09 234 KB
2005-E-10 Jean-Charles Rochet Prudential Policy
/Banking Supervision; Prudential Regulation; Financial Stability
2005-09 203 KB
2005-E-9 Barry Eichengreen, Mariko Hatase Can a Rapidly-Growing Export-Oriented Economy Smoothly Exit an Exchange Rate Peg?Lessons for China from Japan's High-Growth Era
/China, Japan, exchange rate, peg, exports, investment
2005-08 956 KB
2005-E-8 Maurice Obstfeld America's Deficit, the World's Problem
/Current account adjustment; international capital flows; exchange rates
2005-07 123 KB
2005-E-7 Bennett T. McCallum What is the Proper Perspective for Monetary Policy Optimality?
/policy rules; dynamic inconsistency; timeless perspective
2005-07 147 KB
2005-E-6 Akira Otani, Shigenori Shiratsuka, Toyoichiro Shirota Revisiting the Decline in the Exchange Rate Pass-Through:
Further Evidence from Japan's Import Prices

/Exchange rate pass-through, Pricing-to-market, Import structure, Expenditure-switching effect, Firms' sourcing decision.
2005-07 125 KB
2005-E-5 Jurgen von Hagen Fiscal Rules and Fiscal Performance in the EU and Japan
/Fiscal policy, political budget cycles, government budgeting
2005-07 301 KB
2005-E-4 Hiroshi Fujiki The Monetary Policy Committee and the Incentive Problem:
A Selective Survey

/central bank independence, monetary policy committee, voting, transparency, commitment
2005-07 497 KB
2005-E-3 Luc Bauwens Econometric Analysis of Intra-daily Trading Activity on Tokyo Stock Exchange
/ACD, trade durations, high frequency data, Tokyo Stock Exchange
2005-03 999 KB
2005-E-2 Sachiko Kuroda, Isamu Yamamoto Wage Fluctuations in Japan after the Bursting of the Bubble Economy: Downward Nominal Wage Rigidity, Payroll, and the Unemployment Rate
/Downward nominal wage rigidity, Inflation rate, Unemployment rate, Labor productivity, Phillips curve, Monetary policy
2005-03 342 KB
2005-E-1 Hiroshi Fujiki, Masayuki Nakakuki Asymmetric Shocks and Regional Risk Sharing: Evidence from Japan
/regional shocks, risk sharing.
2005-01 234 KB