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Monetary and Economic Studies

2005

Monetary and Economic Studies is published each year, by the Bank of Japan's Institute for Monetary and Economic Studies (IMES). In line with IMES policy, the publication seeks to provide information on monetary and economic issues to the general public. Articles include research achievements by the staff and visiting scholars, and selected works from the proceedings of conferences sponsored by IMES.

Views expressed in Monetary and Economic Studies are those of the authors and do not necessarily reflect those of the Bank of Japan or IMES.

Click the title to obtain an abstract of the thesis

Vol.23, No. S-1 / October 2005

Table : Vol.23, No. S-1 / October 2005
Author(s) Title/Keywords Full Text (PDF)
Kunio Okina, Hiroshi Fujiki The Twelfth International Conference "Incentive Mechanisms for Economic Policymakers," Introduction, 65 KB
Toshihiko Fukui The Twelfth International Conference "Incentive Mechanisms for Economic Policymakers,"Opening Speech 48 KB
Bennett T. McCallum The Twelfth International Conference "Incentive Mechanisms for Economic Policymakers," Keynote Speech, What Is the Proper Perspective for Monetary Policy Optimality?
/Policy rules; Dynamic inconsistency; Timeless perspective		 114 KB
Maurice Obstfeld The Twelfth International Conference "Incentive Mechanisms for Economic Policymakers," Keynote Speech, America's Deficit, the World's Problem
/Current account adjustment; International capital flows; Exchange rates		 116 KB
Hiroshi Fujiki The Monetary Policy Committee and the Incentive Problem: A Selective Survey
/Central bank independence; Monetary policy committee; Voting; Transparency; Commitment		 379 KB
Jean-Charles Rochet Prudential Policy
/Banking supervision; Prudential regulation; Financial stability		 283 KB
Guillaume Plantin, Haresh Sapra, Hyun Song Shin Marking to Market, Liquidity, and Financial Stability
/Marking to market; Accounting regime; Monetary policy; Financial stability		 225 KB
Kenneth Kletzer International Financial Integration, Sovereignty, and Constraints on Macroeconomic Policies
/International financial integration; Sovereignty; Tax smoothing; Nominal public debt; Monetary policy		 218 KB
Francesco Giavazzi, Tullio Jappelli, Marco Pagano, Marina Benedetti Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence
/Fiscal policy; National saving		 269 KB
Yasuhiro Maehara, Wolfgang Schill, Janet L. Yellen, Masaaki Shirakawa, Bennett T. McCallum, Maurice Obstfeld The Twelfth International Conference "Incentive Mechanisms for Economic Policymakers," Concluding Panel Discussion: Macroeconomic Policy and Central Banking 193 KB

Vol.23, No.2 / May 2005

Table : Vol.23, No.2 / May 2005
Author(s) Title/Keywords Full Text (PDF)
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		 251 KB
Hiroshi Fujiki, Masayuki Nakakuki Asymmetric Shocks and Regional Risk Sharing: Evidence from Japan
/Regional shocks; Risk sharing		 226 KB
Ippei Fujiwara, Naoko Hara, Yasuo Hirose, Yuki Teranishi The Japanese Economic Model (JEM)
/Large-scale macroeconomic model; Monetary policy; Numerical method; Projection		 625 KB

Vol.23, No.1 / February 2005

Table : Vol.23, No.1 / February 2005
Author(s) Title/Keywords Full Text (PDF)
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		 311 KB
Naohiko Baba, Shinichi Nishioka, Nobuyuki Oda, Masaaki Shirakawa, Kazuo Ueda, Hiroshi Ugai Japan's Deflation, Problems in the Financial System, and Monetary Policy
/Zero interest rate policy; Quantitative monetary easing policy; Commitment; Deflation; Financial accelerator; Negative interest rate; Investor behavior		 724 KB
Takuji Kawamoto What Do the Purified Solow Residuals Tell Us about Japan's Lost Decade?
/Productivity; Technology; Purified Solow residual; Japan		 274 KB
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		 243 KB