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Monetary and Economic Studies

1998

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.16, No.2 / December 1998

Table : Vol.16, No.2 / December 1998
Author(s) Title/Keywords Full Text (PDF)
Allan H. Meltzer Monetary Policy and the Quality of Information
/Monetary policy; Demand for monetary base; Japan; United States; Germany
172 KB
John B. Taylor Information Technology and Monetary Policy
/Monetary policy rules; Robustness; Information Technology
68 KB
Tetsuya Inoue Impact of Information Technology and Implications for Monetary Policy
/Information Technology; IT paradox; Mismeasurement in economic statistics; Network externalities; Adjustment cost; Relative price; Policy commitment
243 KB
Masahiro Higo, Sachiko Kuroda Nakada How Can We Extract a Fundamental Trend from an Economic Time-Series?
/Fundamental trend; Time-series analysis; X-12-ARIMA; DECOMP; HP Filter; Fourier transformation; Beveridge and Nelson decomposition
589 KB
Akira Ieda, Toshikazu Ohba Recent Trends in the Spread over Libor on the Domestic Straight Bond Trading Market in Japan
/Domestic straight bonds; LS (spread over Libor); Credit risk
148 KB

Vol.16, No.1 / May 1998

Table : Vol.16, No.1 / May 1998
Author(s) Title/Keywords Full Text (PDF)
Yoshinao Kiyama, Tsukasa Yamashita, Tohsinao Yoshiba, Toshihiro Yoshida Interest Rate Risk of Banking Accounts: Measurement Using the VaR Framework
/Value at risk; Monte Carlo simulation; Holding period; Term-structure model; Heath-Jarrow-Morton model; Administered rate; Prepayment
351 KB
Toshitaka Sekine Financial Liberalization, the Wealth Effect, and the Demand for Broad Money in Japan
/Demand for money; Monetary policy; Wealth effect; Cointegration; Error correction; Exogeneity; Japan
272 KB
Cheng Hisao, Hiroshi Fujiki Nonstationary Time-Series Modeling versus Structural Equation Modeling: With an Application to Japanese Money Demand
/Nonstationary time series; Structural model; Identi-fication; Estimation; Prior information
276 KB