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No.
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Author(s)
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Title/Keywords
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Date
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Click to download
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2003-E-15
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Shigenori Shiratsuka |
Asset Price Bubble in Japan in the 1980s: Lessons for Financial and Macroeconomic Stability
/Asset price bubble; Financial stability; Macroeconomic stability, Sustainability |
2003/12
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264KB PDF**
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2003-E-14
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Jaebeom Kim
and Masao Ogaki |
Purchasing Power Parity for Traded and Non-traded Goods: A Structural Error Correction Model Approach
/Structural Error Correction Model (SECM); Purchasing Power Parity; Real Exchange Rate; Half-life, Convergence Rate |
2003/12
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313KB PDF**
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2003-E-13
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Hiroyuki OI,
Akira OTANI,
Toyoichirou SHIROTA |
The Choice of Invoice Currency in International Trade: Implications for the Internationalization of the Yen
/Invoice currency, LCP (local currency pricing), PCP (producer's currency pricing), internationalization of the yen, new open-economy macroeconomics, currency-basket regime |
2003/10
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361KB PDF
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2003-E-12
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Sachiko KURODA
and Isamu YAMAMOTO |
The Impact of Downward Nominal Wage Rigidity on the Unemployment Rate: Quantitative Evidence from Japan
/Downward nominal wage rigidity; Unemployment rate; Inflation rate; Monetary policy; General equilibrium model with downward nominal wage rigidity |
2003/10
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435KB PDF
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2003-E-11
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Ryo KATO and
Shin-Ichi NISHIYAMA |
Optimal Monetary Policy When Interest Rates are Bounded at Zero
/Deflation, Liquidity trap, Pre-emptive monetary policy, Zero bound |
2003/10
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460KB PDF
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2003-E-10
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Eisaku IDE |
Policy Debates on Public Finance between the Ministry of Finance and the Bank of Japan from 1930 to 1936
/the direct underwriting of deficit-financing bonds by the BOJ (BOJ underwriting); The Joint Research Committee; currency system; market operation by selling government bonds; continuing expenditure; deferred fiscal burden |
2003/8
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180KB PDF
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2003-E-9
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Keiko MURATA |
Precautionary Savings and Income Uncertainty: Evidence from Japanese Micro Data
/Precautionary savings; Uncertainty; Income risks; Uncertainty over public-pension benefits; Risk-sharing; Individual data; Longitudinal data |
2003/7
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327KB PDF
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2003-E-8
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Shin-Ichi NISHIYAMA |
Inflation Target as a Buffer against Liquidity Trap
/Deflation; Inflation Target; Liquidity Trap; Zero-Bound |
2003/7
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472KB PDF
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2003-E-7
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Tatsuya Ishikawa,
Yasuhiro Yamai,
Akira Ieda |
On the Risk Capital Framework of Financial Institutions
/Risk capital, risk management, capital structure, capital budgeting, risk-adjusted rate of return, capital allocation, deadweight cost. |
2003/7
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147KB PDF
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2003-E-6
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David Andolfatto |
Monetary Implications of the Hayashi-Prescott Hypothesis for Japan
/Productivity Slowdown; Money Multiplier; Monetary Policy; Liquidity Trap |
2003/7
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241KB PDF**
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2003-E-5
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Kunio OKINA
and Shigenori SHIRATSUKA |
Policy Commitment and Expectation Formations: Japan's Experience under Zero Interest Rates
/Zero Interest Rate Policy; Quantitative Monetary Easing; Policy Duration Effects; Policy Commitment |
2003/6
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889KB PDF**
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2003-E-4
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Sachiko KURODA,
Isamu YAMAMOTO |
Are Japanese Nominal Wages Downwardly Rigid? (Part II): Examinations using a Friction Model
/Downward nominal wage rigidity; Inflation rate; Monetary policy; Longitudinal data; Measurement errors; Friction model; Simulated maximum likelihood |
2003/6
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513KB PDF
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2003-E-3
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Sachiko KURODA,
Isamu YAMAMOTO |
Are Japanese Nominal Wages Downwardly Rigid? (Part I): Examinations of Nominal Wage Change Distributions
/Downward nominal wage rigidity; Inflation rate; Monetary policy; Longitudinal data; Nominal wage change distributions |
2003/6
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370KB PDF
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2003-E-2
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Makoto Saito and
Shigenori Shiratsuka |
Precautionary Motives versus Waiting Options: Evidence from Aggregate Household Saving in Japan
/Precautionary savings, Waiting options, Flexibility, Risks, The resolution of uncertainty |
2003/6
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292KB PDF**
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2003-E-1
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Akira Otani,
Shigenori Shiratsuka, and
Toyoichiro Shirota |
The Decline in the Exchange Rate Pass-Through: Evidence from Japanese Import Prices
/Exchange rate pass-through, Pricing-to-market, Import structure, Expenditure-switching effect, Firms' sourcing decision |
2003/5
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305KB PDF
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2003 Bank of Japan All Rights Reserved.
