Results 101 to 110 of about 846,886 (222)

Japanese growth and stagnation: a Keynesian perspective [PDF]

open access: yes
This paper uses a modified Harrodian model to understand both the long period of rapid Japanese growth and the recent period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government ...
Peter Skott, Takeshi Nakatani
core  

Optimal monetary policy under commitment with a zero bound on nominal interest rates : [Version: May 7, 2004] [PDF]

open access: yes, 2004
We determine optimal monetary policy under commitment in a forwardlooking New Keynesian model when nominal interest rates are bounded below by zero. The lower bound represents an occasionally binding constraint that causes the model and optimal policy to
Adam, Klaus, Billi, Roberto M.
core  

The Role of Central Bank in the Recession in the Case of Japan's Recession [PDF]

open access: yes
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 ...
Shigeyoshi Miyagawa   +2 more
core  

The fiscal multiplier and spillover in a global liquidity trap [PDF]

open access: yes
We consider the fiscal multiplier and spillover in an environment in which two countries are caught simultaneously in a liquidity trap. Using an optimizing two-country sticky price model, we show that the fiscal multiplier and spillover are contrary to ...
Ippei Fujiwara, Kozo Ueda
core  

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