Monetary and Economic Studies
1997
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.
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Click the title to obtain an abstract of the thesis
Vol.15, No.2 / December 1997
Author(s) | Title/Keywords | Full Text (PDF) |
---|---|---|
Shigenori Shiratsuka | Inflation Measures for Monetary Policy: Measuring the Underlying Inflation Trend and Its Implication for Monetary Policy Implementation
/Monetary policy; Price stability; Underlying inflation; Limited influence estimator; Skewed and fat-tailed distribution of individual price changes |
351 KB |
Nobuyuki Oda, Jun Muranaga | A New Framework for Measuring the Credit Risk of a Portfolio: The "ExVaR" Model
/Value at risk; Credit risk; Risk integration; Default probability; Diversification/concentration; Collateral effect |
382 KB |
Susanne Lohmann | Is Japan Special? Monetary Linkages and Price Stability
/Design of central banking institutions; Linkage politics; Japanese political economy |
210 KB |
Menzie D.Chinn, Michael P.Dooley | Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials Fail to Measure Capital Market Integration
/Capital mobility; Monetary transmission; Bank credit |
293 KB |
Vol.15, No.1 / May 1997
Author(s) | Title/Keywords | Full Text (PDF) |
---|---|---|
Yukinobu Kitamura | Indexed Bonds and Monetary Policy: The Real Interest Rate and the Expected Rate of Inflation
/Indexed bond; Real interest rate; Expected rate of inflation |
171 KB |
Naohiko Baba | Markup Pricing and Monetary Policy: A Reexamination of the Effectiveness of Monetary Policy under Imperfect Competition
/Markup pricing; Monetary policy; Welfare cost of inflation |
263 KB |
Edward J. Green | Money and Debt in the Structure of Payments
/Payments; Settlement; Clearinghouse; Central bank; Novation and substitution |
185 KB |
Carl E. Walsh | Inflation and Central Bank Independence: Is Japan Really an Outlier?
/Central banks; Monetary policy; Inflation |
203 KB |