Monetary and Economic Studies
2006
Monetary and Economic Studies is published each 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.
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Click the title to obtain an abstract of the thesis
Vol.24, No. S-1 / December 2006
Author(s) | Title/Keywords | Full Text (PDF) |
---|---|---|
Kunio Okina, Naohiko Baba | The Thirteenth International Conference "Financial Markets and the Real Economy in a Low Interest Rate Environment," Introduction Summary | 64 KB |
Toshihiko Fukui | The Thirteenth International Conference "Financial Markets and the Real Economy in a Low Interest Rate Environment,"Opening Speech | 46 KB |
Bennett T. McCallum | Misconceptions Regarding the Zero Lower Bound on Interest Rates
/Interest rates; Zero lower bound; Quantitative easing; Expectations; Deflation trap; Liquidity trap |
130 KB |
Maurice Obstfeld | Implications for the Yen of Japanese Current Account Adjustment
/Current account adjustment; International capital flows; Japanese yen exchange rate |
110 KB |
Naohiko Baba | Financial Market Functioning and Monetary Policy: Japan's Experience
/Bank of Japan; Term structure of interest rates; Zero lower bound; Zero interest rates; Quantitative monetary easing policy; Bank risk premium |
581 KB |
Glenn D. Rudebusch, Eric T. Swanson, Tao Wu | The Bond Yield "Conundrum" from a Macro-Finance Perspective
/Term structure; Term premium; Bond pricing; Affine no-arbitrage model |
370 KB |
Jun Pan, Kenneth J. Singleton | Interpreting Recent Changes in the Credit Spreads of Japanese Banks
/Default risk premium; Credit default swap; Japanese banks; Zero interest rate policy; Event risk |
334 KB |
Gauti B. Eggertsson, Benjamin Pugsley | The Mistake of 1937: A General Equilibrium Analysis
/Deflation; Zero bound on interest rates; Regime changes; Great Depression |
442 KB |
Alessandra Fogli, Fabrizio Perri | The Great Moderation and the U.S. External Imbalance | 218 KB |
Stefan Ingves, Christine M. Cumming, Lucrezia Reichlin, Masaaki Shirakawa, Bennett T. McCallum, Maurice Obstfeld | The Thirteenth International Conference "Financial Markets and the Real Economy in a Low Interest Rate Environment," Concluding Panel Discussion: Financial Markets and the Real Economy in a Low Interest Rate Environment | 408 KB |
Vol.24, No.2 / November 2006
Author(s) | Title/Keywords | Full Text (PDF) |
---|---|---|
Takeshi Amemiya, Xinghua Yu | Endogenous Sampling and Matching Method in Duration Models
/Duration models; Endogenous sampling with matching; Maximum likelihood estimator; Manski-Lerman estimator; Asymptotic distribution |
321 KB |
Steven Li | The Arbitrage Efficiency of the Nikkei 225 Options Market: A Put-Call Parity Analysis
/Put-call parity; Market efficiency; Nikkei 225 options |
176 KB |
Andrew K. Rose | Well-Being in the Small and in the Large
/Population; Empirical; Data; National; Country; Scale; Size |
366 KB |
Hiroshi Fujiki, Etsuro Shioji | Bank Health Concerns, Low Interest Rates, and Money Demand: Evidence from the Public Opinion Survey on Household Financial Assets and Liabilities
/Money demand; Low interest rates; Concern for the soundness of private financial institutions; Micro data; Self-selection bias; Personal financial education; Extensive margin; Intensive margin |
786 KB |
Vol.24, No.1 / March 2006
Author(s) | Title/Keywords | Full Text (PDF) |
---|---|---|
Luc Bauwens | Econometric Analysis of Intra-Daily Trading Activity on the Tokyo Stock Exchange
/Autoregressive conditional duration; Trade durations; High-frequency data; Tokyo Stock Exchange |
669 KB |
Jurgen von Hagen | Fiscal Rules and Fiscal Performance in the European Union and Japan
/Fiscal policy; Political budget cycles; Government budgeting |
254 KB |
Akira Otani, Shigenori Shiratsuka, Toyoichiro Shirota | Revisiting the Decline in the Exchange Rate Pass-Through: Further Evidence from Japan's Import Prices
/Exchange rate pass-through; Pricing-to-market; Import structure; Expenditure-switching effect; Firms' sourcing decision |
144 KB |