Monetary and Economic Studies is published, in principle twice a year, by the Bank of Japan's Institute for Monetary and Economic Studies (IMES). In line with IMES policy, the publication seeks to provide information on monetary and economic issues to the general public. Articles include research achievements by the staff and visiting scholars, and selected works from the proceedings of conferences sponsored by IMES.

Views expressed in Monetary and Economic Studies are those of the authors and do not necessarily reflect those of the Bank of Japan or IMES.

INDEX Vol.16, No.2 / December 1998 Vol.16, No.1 / May 1998 * Files are best viewed with the newest version of Adobe Reader.

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Vol.16, No.2 / December 1998

Author(s)	Title/Key words	Click to download (PDF files)
Allan H. Meltzer	Monetary Policy and the Quality of Information /Monetary policy; Demand for monetary base; Japan; United States; Germany	173KB
John B.Taylor	Information Technology and Monetary Policy /Monetary policy rules; Robustness; Information Technology	69KB
Tetsuya Inoue	Impact of Information Technology and Implications for Monetary Policy /Information Technology; IT paradox; Mismeasurement in economic statistics; Network externalities; Adjustment cost; Relative price; Policy commitment	244KB
Masahiro Higo and Sachiko Kuroda Nakada	How Can We Extract a Fundamental Trend from an Economic Time-Series? /Fundamental trend; Time-series analysis; X-12-ARIMA; DECOMP; HP Filter; Fourier transformation; Beveridge and Nelson decomposition	585KB
Akira Ieda and Toshikazu Ohba	Recent Trends in the Spread over Libor on the Domestic Straight Bond Trading Market in Japan /Domestic straight bonds; LS (spread over Libor); Credit risk	149KB

* Click the title to obtain an abstract of the thesis

Vol.16, No.1 / May 1998

Author(s)	Title/Key words	Click to download (PDF files)
Yoshinao Kiyama, Tsukasa Yamashita, Tohsinao Yoshiba and Toshihiro Yoshida	Interest Rate Risk of Banking Accounts: Measurement Using the VaR Framework /Value at risk; Monte Carlo simulation; Holding period; Term-structure model; Heath-Jarrow-Morton model; Administered rate; Prepayment	352KB
Toshitaka Sekine	Financial Liberalization, the Wealth Effect, and the Demand for Broad Money in Japan /Demand for money; Monetary policy; Wealth effect; Cointegration; Error correction; Exogeneity; Japan	277KB
Cheng Hisao and Hiroshi Fujiki	Nonstationary Time-Series Modeling versus Structural Equation Modeling: With an Application to Japanese Money Demand /Nonstationary time series; Structural model; Identi-fication; Estimation; Prior information	273KB

* Click the title to obtain an abstract of the thesis

Copyright1998 Bank of Japan All Rights Reserved.

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