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Monetary and Economic Studies2016

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.34 / November 2016

Table : Vol.34 / November 2016
Author(s) Title/Keywords Full Text (PDF)
Tetsuya Adachi, Takashi Asano, Tatsushi Okuda Simultaneous Estimation of Cost of Equity and Expected Earnings of Individual Firms with the Residual Income Model
/Implied cost of equity; Residual income model; Quasimaximum likelihood approach
Kenji Suganuma Upstreamness in the Global Value Chain: Manufacturing and Services
/Upstreamness; Global value chain; Production fragmentation; I-O tables
Naoshi Tsuchida, Toshiaki Watanabe, Toshinao Yoshiba The Intraday Market Liquidity of Japanese Government Bond Futures
/Japanese government bond (JGB); Market liquidity; Liquidity indicator; Transaction data