Liquidity Trap and the Stability of Money Demand: Is Japan Really Trapped at the Zero Bound? [PDF]
Is the Japanese economy really trapped at the zero interest rate bound? The question seems particularly important because recent theoretical discussions on liquidity traps suggest that undesirable dynamics such as "deflationary spiral" are likely to ...
Ryuzo Miyao
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The Role of Central Bank in the Recession in the Case of Japan's Recession [PDF]
Japan's economy is expanding and expected to continue expanding moderately, according to Monthly Report of Recent Economic and Financial Developments released by the Bank of Japan in July 2007.The BOJ declared the change of policy stance at the Monetary ...
Yoji Morita +2 more
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The Morning After: Explaining the Slowdown in Japanese Growth in the 1990s [PDF]
This paper uses a VAR to investigate four possible explanations of the extended slump in Japanese economic activity over the 1990s: the absence of bold and consistent fiscal stimulus; the limited room for expansionary monetary policy due to a liquidity ...
Tamim Bayoumi
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Uncovering interest-elastic money demand : Evidence from the Japanese money market with a low interest rate policy [PDF]
This paper explores empirically the overnight call rate (interbank rates) below which extremely interest-elastic money demand emerges, using Japanese money market data for the sample period 1985 to 2001 in which a liquidity trap phenomenon was not ...
918 +9 more
core +1 more source
Valuing structure, model uncertainty and model averaging in vector autoregressive processes
, 2004 Economic policy decisions are often informed by empirical analysis based on accurate econometric modeling. However, a decision-maker is usually only interested in good estimates of outcomes, while an analyst must also be interested in estimating the ...
Dijk, H.K. (Herman) van +1 more
core +1 more source
Toward a sustainable growth path in Arab economies: an extension of classical growth model. [PDF]
Financ Innov, 2023 Taha A +4 more
europepmc +1 more source
Monetary Policy in the Deflationary Economy; Japan's Experience [PDF]
The paper addresses the effectiveness of monetary policy in the prolonged Japan’s recession. A large amount of research has been aimed at the topic. A majority of the previous paper denies the effectiveness of monetary policy in the deflation.
森田, 洋二 +9 more
core +1 more source
Trust in the European Union project and the role of ECB. [PDF]
Econ Polit (Bologna), 2021 Liotti G, Canale RR.
europepmc +1 more source
The relative effectiveness of fiscal and monetary policies in promoting Egypt's output growth: an empirical investigation using an ARDL approach. [PDF]
J Econ Struct, 2023 El Husseiny IA.
europepmc +1 more source
A Monte Carlo comparison of Bayesian testing for cointegration rank [PDF]
This article considers a Bayesian testing for cointegration rank, using an approach developed by Strachan and van Dijk (2007), that is based on Koop, Leon-Gonzalez, and Strachan (2006).
Katsuhiro Sugita
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