Navigating the trilemma: capital flows and monetary policy in China [PDF]
In recent years China has faced an increasing trilemma—how to pursue an independent domestic monetary policy and limit exchange rate flexibility, while at the same time facing large and growing international capital flows.
Michael Hutchison, Reuven Glick
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Global Shocks and the Japanese Economy:Structural Changes in the 1990s [PDF]
This paper analyzes how those global shocks as foreign business cycles and exchange rate realignments affect the Japanese economy and whether there are structural changes in the transmission mechanism of these shocks in the recent period by using a VAR ...
Akira Kohsaka, Jun-ichi Shinkai
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Monetary and Fiscal Policies in EMU: some relevant issues [PDF]
The coexistence in EMU of one common monetary policy and several domestic fiscal policies raises a number of problems of both academic and political interest.
Isabel Vieira +2 more
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The fading 1990s in Japan: Driving forces behind the unemployment upsurge [PDF]
This paper sheds new light on the causes of the unemployment upsurge in Japan during the “fading 1990s”, an unprecedented period of structural crisis. We estimate a labor market model and identify the main macroeconomic determinants of labor demand and ...
Agnese, Pablo, Sala, Hector
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Monetary Factors and Inflation in Japan [PDF]
Recently, the Bank of Japan outlined a two perspectives approach to the conduct of monetary policy that focuses on risks to price stability over different time horizons.
Katrin Assenmacher-Wesche +2 more
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The unintended consequences of the debt ... will increased government expenditure hurt the economy? [PDF]
, 2011 In 2008, governments in many countries embarked on large fiscal expenditure programmes, with the intention to support the economy and prevent a more serious recession.
Werner, Richard A.
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Exchange rate misalignments: A comparison of China today against recent historical experiences of Japan, Germany, Singapore and Taiwan [PDF]
The familiar claim of Chinese currency manipulation is generally asserted without reference to empirical evidence. To investigate the legitimacy of the claim, we ask if the undervalued misalignment found in the real effective exchange rate (REER) of the ...
´He, Xinhua, Qin, Duo, Liu, Yimeng
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The sovereign money initiative in Switzerland: an economic assessment. [PDF]
Swiss J Econ Stat, 2018 Bacchetta P.
europepmc +1 more source
What can we tell about monetary policy synchronization and interdependence over the 2007-2009 global financial crisis? [PDF]
We investigate the synchronization and nonlinear adjustment dynamics of short-term interest rates for France, the UK and the US using the bi-directional feedback measures proposed by Geweke (1982) and appropriate smooth transition error-correction models
Mohamed El Hedi Arouri +2 more
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An LSTM-based optimization algorithm for enhancing quantitative arbitrage trading. [PDF]
PeerJ Comput SciHan G, Li H.
europepmc +1 more source