IMES Discussion Paper Series is circulated in order to stimulate discussion and
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do not necessarily reflect those of the Bank of Japan or the Institute for Monetary
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99-E-28
Comments: Ronald I. Mckinnon, Allan H. Meltzer
Rejoinder: Kunio Okina
Monetary Policy Under Zero Inflation -A Response to Criticisms and Questions Regarding Monetary Policy- Comments and Rejoinder
/Monetary Policy, Zero Interest Rates, Long-term Interest Rates, Inflation Targeting, Outright Purchase of Government Bonds, Quantitative Easing, Excess Reserves, Base Monetary, Balance Sheet Problem, Liquidity Trap
99/10
74KB PDF
99-E-27
Robert J. Gordon The Boskin Commission Report and its Aftermath
/inflation, price measurement, quality change, new products
99/09
146KB PDF
99-E-26
Raj Bhala International Dimensions of Japanese Insolvency Law: A Contextual Approach
/Japanese insolvency law, international insolvency law, bank insolvencies
99/09
332KB PDF
99-E-25
William Roberds The Incentive Effects of Settlement Systems: A Comparison of Gross Settlement, Net Settlement, and Gross Settlement with Queuing
/Settlement, payment, queuing
99/09
131KB PDF
99-E-24
Masahiro Higo, Sachiko Nakada(Kuroda) What Determines the Relation between Output Gap and Inflation? - An International Comparison of Inflation Expectations and Staggered Wage Adjustment -
/Phillips Curve, NAIRU, Expected Inflation Rate, Price Adjustment, Output Gap, Inflation, Monetary Policy
99/09
178KB PDF
99-E-23
Shigenori Shiratsuka Measurement Errors in Japanese Consumer Price Index
/Consumer Price Index, Measurement Errors, Cost of Living Index, Quality Changes, Boskin Report
99/09
219KB PDF
99-E-22
Masahiro Higo What Can Inflation Expectations and Core Inflation Tell Us About Monetary Policy in Japan ?
/Asset Price, Business Cycle, Inflation Expectation, Inflation Targeting, Monetary Policy, Real Interest Rate, Trimmed Mean CPI
99/08
139KB PDF
99-E-21
Shigenori Shiratsuka Asset Price Fluctuation and Price Indices
/Asset Price, Intertemporal cost of living index, Dynamic equilibrium price index, Monetary policy, Information variable
99/07
158KB PDF
99-E-20
Kunio Okina Monetary Policy Under Zero Inflation -A Response to Criticisms and Questions Regarding Monetary Policy-
/Monetary Policy, Zero Interest Rates, Long-term Interest Rates, Inflation Targeting, Outright Purchase of Government Bonds, Quantitative Easing, Excess Reserves, Base Money, Balance Sheet Problem, Liquidity Trap
99/07
156KB PDF
99-E-19
Shuji Kobayakawa, Hisashi Nakamura A Theoretical Analysis of Narrow Banking Proposals
/bank run, narrow banks
99/06
76KB PDF
99-E-18
Patricia Hagan Kuwayama Postal banking in the United States and Japan: a comparative analysis
/U. S. postal savings, Japanese postal savings, deposit insurance, narrow bank
99/06
151KB PDF
99-E-17
Tatsuya Yonetani, Nobuyuki Oda Usefulness of Market Information and Accounting Information from the Perspective of Bank Supervisory Policy: An Empirical Study of Japanese Banks
/Market information, Accounting information, Option pricing theory, Bank performance predicting
99/06
126KB PDF
99-E-16
Jun Muranaga Dynamics of Market Liquidity of Japanese Stocks: An Analysis of Tick-by-tick Data of the Tokyo Stock Exchange
99/05
255KB PDF
99-E-15
Jun Muranaga, Tokiko Shimizu Expectations and Market Microstructure when Liquidity Is Lost
99/05
385KB PDF
99-E-14
Jun Muranaga, Tokiko Shimizu Market Microstructure and Market Liquidity
99/05
191KB PDF
99-E-13
James H. Stock Monetary Policy in a Changing Economy: Indicators, Rules, and the Shift Towards Intangible Output
/Knowledge-based economy, Time varying NAIRU, Taylor rule
99/05
1138KB PDF
(ZIP format)
99-E-12
Robert J. Gordon Monetary Policy in the Age of Information Technology
/Information Technology, Multifactor Productivity, NAIRU, Solow Paradox
99/05
137KB PDF
99-E-11
Dale W. Jorgenson,
Eric Yip
WHATEVER HAPPENED TO PRODUCTIVITY INVESTMENT AND GROWTH IN THE G-7?
/Neoclassical growth theory, Investment and Productivity, Human capital, Intellectual capital, R&D, Sources of economic growth
99/05
174KB PDF
99-E-10
Masahiro Kuroda,
Koji Nomura
An Explanation of The Productivity Paradox: TFP Spillover through Capital Accumulation
/Solow Paradox, Total Factor Productivity, Measurement Error, Spillover of Technology
99/05
536KB PDF
99-E-9
Hal R. Varian Markets for Information Goods
/Information good, Experience good, Returns to scale, Previewing and browsing, Excludability, Intellectual property
99/05
256KB PDF
99-E-8
Curtis J. Milhaupt Japan's Experience with Deposit Insurance and Failing Banks: Implications for Financial Regulatory Design?
/Deposit Insurance, Bank Failure
99/03
138KB PDF
99-E-7
Milton H. Marquis The Joint and Several Effects of Liquidity Constraints, Financing Constraints, and Financial Intermediation on the Welfare Cost of Inflation
/inflation taxes, financing constraints, financial intermediation
99/02
292KB PDF
99-E-6
Hiroshi Fujiki,
Edward.J.Green,
Akira Yamakzaki
Sharing the Risk of Settlement Failure: Synopsis
/settlement system, risk sharing, private information, mechanism design, core
99/02
189KB PDF
99-E-5
Hitoshi Mio,
Masahiro Higo
Underlying Inflation and the Distribution of Price Changes Evidence from the Japanese Trimmed Mean CPI
/underlying inflation, trimmed mean CPI, price change distribution, temporary relative price shock
99/02
341KB PDF
99-E-4
Michael F. Bryan,
Stephen G. Cecchetti
The Monthly Measurement of Core Inflation in Japan
/Inflation Measurement, Core Inflation, Trimmed Means, Median
99/02
108KB WORD
(ZIP format)
99-E-3
Tokiko Shimizu,
Takashi Ui
Contagious Expectations and Malfunctions of Markets: Some Lessons from Japanese Financial Institution Failures in 1997
99/01
258KB PDF
99-E-2
Jun Muranaga,
Tokiko Shimizu
Effect of Trading Halt System on Market Functioning: Simulation Analysis of Market Behavior with Artificial Shutdown
/Artificial market model, Feedback mechanism, Market crash, Trading halt system
99/01
1,692KB PDF
99-E-1
Yukinobu Kitamura,
Shuji Kobayakawa
Risk Accumulation, Contagion and The Rules for Bank Failure
/contagion, random walk, arc-sine theorem, closure rule, capital injection
99/01
330KB WORD *
(ZIP format)

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