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Monetary and Economic Studies


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.29 / November 2011

Table : Vol.29 / November 2011
Author(s) Title/Keywords Full Text (PDF)
Ryo Kato, Nobuyuki Oda, Nao Sudo, Tomoo Yoshida Real and Financial Linkage and Monetary Policy: Summary of the 2011 Annual International Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan 67KB
Masaaki Shirakawa Bubbles, Demographic Change and Natural Disasters 476KB
Maurice Obstfeld International Liquidity: The Fiscal Dimension
/International liquidity; Sovereign debt; Euro zone crisis; Fiscal union; International Monetary Fund; Special Drawing Rights
Charles A. E. Goodhart, Dimitrios P. Tsomocos The Mayekawa Lecture: The Role of Default in Macroeconomics
/Transversality; Money; Bankruptcy cost; Asset bubbles; Resolution mechanisms
Selahattin Imrohoroglu, Nao Sudo Productivity and Fiscal Policy in Japan: Short-Term Forecasts from the Standard Growth Model
/Primary balance; Fiscal policy; Productivity; Growth theory
Jouchi Nakajima Time-Varying Parameter VAR Model with Stochastic Volatility: An Overview of Methodology and Empirical Applications
/Bayesian inference; Markov chain Monte Carlo; Monetary policy; State space model; Structural vector autoregression; Stochastic volatility; Time-varying parameter
Keisuke Otsu Accounting for Japanese Business Cycles: A Quest for Labor Wedges
/Business cycle accounting; Japanese labor market