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Fumio Hayashi

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Fumio Hayashi, 1995. "Is the Japanese Extended Family Altruistically Linked? A Test based on Engel Curves," NBER Working Papers 5033, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Faktor non-ekonomi (menanggapi MCB dan ARS) - Ari A. Perdana
      by blog-epi in Diskusi Ekonomi on 2008-01-02 15:34:00
  2. Fumio Hayashi & Edward C. Prescott, 2002. "The 1990s in Japan: A Lost Decade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 206-235, January.

    Mentioned in:

    1. Is a lost decade ahead?
      by Economic Logician in Economic Logic on 2012-07-13 18:56:00
    2. Can We All Turn Japanese?
      by Tyler Durden in Zero Hedge on 2020-12-23 22:40:00
    3. Human nature & economic recovery
      by chris dillow in Stumbling and Mumbling on 2010-10-20 14:15:43

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Fumio Hayashi & Edward C. Prescott, 2008. "The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy," Journal of Political Economy, University of Chicago Press, vol. 116(4), pages 573-632, August.

    Mentioned in:

    1. The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy (JPE 2008) in ReplicationWiki ()
  2. Stephen Gilmore & Fumio Hayashi, 2011. "Emerging Market Currency Excess Returns," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(4), pages 85-111, October.

    Mentioned in:

    1. Emerging Market Currency Excess Returns (AEJ:MA 2011) in ReplicationWiki ()
  3. Author Profile
    1. Fumio Hayashi in Wikipedia (French)

Working papers

  1. Fumio Hayashi, 2016. "Affine term structure pricing with bond supply as factors," FRB Atlanta CQER Working Paper 2016-1, Federal Reserve Bank of Atlanta.

    Cited by:

    1. W. Arrata & B. Nguyen, 2017. "Price impact of bond supply shocks: Evidence from the Eurosystem's asset purchase program," Working papers 623, Banque de France.
    2. Thomas B. King, 2016. "Expectation and Duration at the Effective Lower Bound," Working Paper Series WP-2016-21, Federal Reserve Bank of Chicago.
    3. Sophocles N. Brissimis & Evangelia A. Georgiou, 2022. "The effects of Federal Reserve's quantitative easing and balance sheet normalization policies on long-term interest rates," Working Papers 299, Bank of Greece.

  2. Fumio Hayashi & Junko Koeda, 2014. "Exiting from QE," NBER Working Papers 19938, National Bureau of Economic Research, Inc.

    Cited by:

    1. Wataru Miyamoto & Thuy Lan Nguyen & Dmitriy Sergeyev, 2017. "Government Spending Multipliers Under the Zero Lower Bound: Evidence from Japan," Staff Working Papers 17-40, Bank of Canada.
    2. Michaelis, Henrike & Watzka, Sebastian, 2017. "Are there differences in the effectiveness of quantitative easing at the zero-lower-bound in Japan over time?," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 204-233.
    3. Daisuke Ikeda & Shangshang Li & Sophocles Mavroeidis & Francesco Zanetti, 2020. "Testing the effectiveness of unconventional monetary policy in Japan and the United States," Papers 2012.15158, arXiv.org, revised Nov 2023.
    4. Michaelis, Henrike & Watzka, Sebastian, 2014. "Are there Differences in the Effectiveness of Quantitative Easing in Japan over Time?," Discussion Papers in Economics 21087, University of Munich, Department of Economics.
    5. Kansho Piotr Otsubo, 2018. "The Effects of Fiscal and Monetary Policies in Japan: What Combination of Policies Should Be Used?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(01n02), pages 1-25, February.
    6. Hirose, Yasuo, 2020. "An Estimated Dsge Model With A Deflation Steady State," Macroeconomic Dynamics, Cambridge University Press, vol. 24(5), pages 1151-1185, July.
    7. Fumio Hayashi, 2019. "Peril of the Inflation Exit Condition," The Japanese Economic Review, Springer, vol. 70(1), pages 4-27, March.
    8. Junko Koeda, 2017. "Bond Supply and Excess Bond Returns in Zero-Lower Bound and Normal Environments: Evidence from Japan," The Japanese Economic Review, Japanese Economic Association, vol. 68(4), pages 443-457, December.
    9. Junko Koeda, 2018. "Macroeconomic Effects of Quantitative and Qualitative Monetary Easing Measures," IMES Discussion Paper Series 18-E-16, Institute for Monetary and Economic Studies, Bank of Japan.
    10. Shah, Imran Hussain & Schmidt-Fischer, Francesca & Malki, Issam & Hatfield, Richard, 2019. "A structural break approach to analysing the impact of the QE portfolio balance channel on the US stock market," International Review of Financial Analysis, Elsevier, vol. 64(C), pages 204-220.
    11. Ichiro Fukunaga & Naoya Kato & Junko Koeda, 2015. "Maturity Structure and Supply Factors in Japanese Government Bond Markets," IMES Discussion Paper Series 15-E-10, Institute for Monetary and Economic Studies, Bank of Japan.
    12. Ben Charoenwong & Randall Morck & Yupana Wiwattanakantang, 2019. "Bank of Japan Equity Purchases: The (Non-)Effects of Extreme Quantitative Easing," NBER Working Papers 25525, National Bureau of Economic Research, Inc.
    13. Kiyotaka Nakashima & Masahiko Shibamoto & Koji Takahashi, 2017. "Identifying Unconventional Monetary Policy Shocks," Discussion Paper Series DP2017-05, Research Institute for Economics & Business Administration, Kobe University, revised Apr 2017.

  3. Fumio Hayashi & Junko Koeda, 2013. "A Regime-Switching SVAR Analysis of Quantitative Easing," CARF F-Series CARF-F-322, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.

    Cited by:

    1. MIYAO Ryuzo & OKIMOTO Tatsuyoshi, 2017. "The Macroeconomic Effects of Japan's Unconventional Monetary Policies," Discussion papers 17065, Research Institute of Economy, Trade and Industry (RIETI).
    2. Morita, Hiroshi, 2015. "Japanese Fiscal Policy under the Zero Lower Bound of Nominal Interest Rates: Time-Varying Parameters Vector Autoregression," Discussion Paper Series 627, Institute of Economic Research, Hitotsubashi University.
    3. Massimo Guidolin & Alexei G. Orlov & Manuela Pedio, 2014. "Understanding the Impact of Monetary Policy Shocks on the Corporate Bond Market in Good and Bad Times: A Markov Switching Model," BAFFI CAREFIN Working Papers 1623, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    4. Guidolin, Massimo & Orlov, Alexei G. & Pedio, Manuela, 2017. "The impact of monetary policy on corporate bonds under regime shifts," Journal of Banking & Finance, Elsevier, vol. 80(C), pages 176-202.
    5. Ryuzo Miyao & Tatsuyoshi Okimoto, 2020. "Regime shifts in the effects of Japan’s unconventional monetary policies," Manchester School, University of Manchester, vol. 88(6), pages 749-772, December.
    6. McNelis, Paul D. & Yoshino, Naoyuki, 2016. "Finding stability in a time of prolonged crisis: Unconventional policy rules for Japan," Journal of Financial Stability, Elsevier, vol. 27(C), pages 122-136.
    7. Dekle, Robert & Hamada, Koichi, 2015. "Japanese monetary policy and international spillovers," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 175-199.

  4. Stephen Gilmore & Fumio Hayashi, 2008. "Emerging Market Currency Excess Returns," NBER Working Papers 14528, National Bureau of Economic Research, Inc.

    Cited by:

    1. Min-woo Kang, 2019. "Currency Market Efficiency Revisited: Evidence from Korea," IJFS, MDPI, vol. 7(3), pages 1-17, September.
    2. Egbers, Tom & Swinkels, Laurens, 2015. "Can implied volatility predict returns on the currency carry trade?," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 14-26.
    3. Bank for International Settlements, 2015. "Currency carry trades in Latin America," BIS Papers, Bank for International Settlements, number 81, October –.
    4. Özmen, M. Utku & Yılmaz, Erdal, 2017. "Co-movement of exchange rates with interest rate differential, risk premium and FED policy in “fragile economies”," Emerging Markets Review, Elsevier, vol. 33(C), pages 173-188.
    5. Kim, Daehwan & Song, Chi-Young, 2014. "Country Fundamentals and Currency Excess Returns," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 18(2), pages 111-142, June.
    6. Sandri, Damiano, 2023. "FX intervention to stabilize or manipulate the exchange rate? Inference from profitability," Journal of International Money and Finance, Elsevier, vol. 131(C).
    7. Geyikçi, Utku Bora & Özyıldırım, Süheyla, 2021. "To hedge or not to hedge: Carry trade dynamics in the emerging economies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 73(C).
    8. Shehadeh, Ali & Erdős, Péter & Li, Youwei & Moore, Michael, 2016. "US Dollar Carry Trades in the Era of “Cheap Money”," MPRA Paper 70770, University Library of Munich, Germany.
    9. Emmanuel Farhi & Samuel Paul Fraiberger & Xavier Gabaix & Romain Ranciere & Adrien Verdelhan, 2009. "Crash Risk in Currency Markets," NBER Working Papers 15062, National Bureau of Economic Research, Inc.
    10. Tajaddini, Reza & Crack, Timothy Falcon, 2012. "Do momentum-based trading strategies work in emerging currency markets?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(3), pages 521-537.
    11. Mykola Babiak & Jozef Barunik, 2021. "Currency Network Risk," Papers 2101.09738, arXiv.org, revised Jul 2021.
    12. Rita Biswas & Louis R. Piccotti & Ben Z. Schreiber, 2021. "Differential risk premiums and the UIP puzzle," Financial Management, Financial Management Association International, vol. 50(1), pages 139-167, March.
    13. Kim, Daehwan & Song, Chi-Young, 2015. "Bank default risk and carry trade profit," Economics Letters, Elsevier, vol. 130(C), pages 117-119.
    14. Angelo Ranaldo & Fabricius Somogyi, 2018. "Asymmetric Information Risk in FX Markets," Working Papers on Finance 1820, University of St. Gallen, School of Finance, revised Apr 2020.
    15. Dąbrowski, Marek A. & Janus, Jakub, 2021. "Does the interest parity puzzle hold for Central and Eastern European economies?," MPRA Paper 107558, University Library of Munich, Germany.
    16. Jeffrey Frankel & Jumana Poonawala, 2006. "The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies," NBER Working Papers 12496, National Bureau of Economic Research, Inc.
    17. M. Utku Ozmen & Erdal Yilmaz, 2016. "Co-movement of Exchange Rates with Interest Rate Differential, Risk Premium and FED Policy in �Fragile Economies�," Working Papers 1621, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    18. Aysun, Uluc & Lee, Sanglim, 2014. "Can time-varying risk premiums explain the excess returns in the interest rate parity condition?," Emerging Markets Review, Elsevier, vol. 18(C), pages 78-100.
    19. Katarzyna Czech & Michał Wielechowski & Pavel Kotyza & Irena Benešová & Adriana Laputková, 2020. "Shaking Stability: COVID-19 Impact on the Visegrad Group Countries’ Financial Markets," Sustainability, MDPI, vol. 12(15), pages 1-19, August.
    20. Raza, Ahmad & Marshall, Ben R. & Visaltanachoti, Nuttawat, 2014. "Is there momentum or reversal in weekly currency returns?," Journal of International Money and Finance, Elsevier, vol. 45(C), pages 38-60.
    21. Elias, Nikolaos & Smyrnakis, Dimitris & Tzavalis, Elias, 2024. "The forward premium anomaly and the currency carry trade hypothesis," The Quarterly Review of Economics and Finance, Elsevier, vol. 95(C), pages 203-218.
    22. Tarek A Hassan & Rui C Mano, 2019. "Forward and Spot Exchange Rates in a Multi-Currency World," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 397-450.
    23. Riccardo Colacito & Steven J. Riddiough & Lucio Sarno, 2019. "Business Cycles and Currency Returns," NBER Working Papers 26299, National Bureau of Economic Research, Inc.
    24. Shehadeh, Ali & Li, Youwei & Moore, Michael, 2016. "The Forward Premium Bias, Carry Trade Return and the Risks of Volatility and Liquidity," MPRA Paper 71709, University Library of Munich, Germany.
    25. Mykola Babiak & Jozef Barunik, 2021. "Uncertainty Network Risk and Currency Returns," CERGE-EI Working Papers wp687, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    26. Tim A. Kroencke & Felix Schindler & Andreas Schrimpf, 2011. "International Diversification Benefits with Foreign Exchange Investment Styles," CREATES Research Papers 2011-10, Department of Economics and Business Economics, Aarhus University.
    27. Gita Gopinath & Jeremy C. Stein, 2018. "Banking, Trade, and the making of a Dominant Currency," NBER Working Papers 24485, National Bureau of Economic Research, Inc.
    28. Gbenga Ibikunle & Vito Mollica & Qiao Sun, 2021. "Jumps in foreign exchange spot rates and the informational efficiency of currency forwards," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 41(8), pages 1201-1219, August.
    29. Bryan Hardy & Felipe Saffie, 2019. "From carry trades to trade credit: financial intermediation by non-financial corporations," BIS Working Papers 773, Bank for International Settlements.
    30. Byrne, Joseph P. & Ibrahim, Boulis Maher & Sakemoto, Ryuta, 2019. "Carry trades and commodity risk factors," Journal of International Money and Finance, Elsevier, vol. 96(C), pages 121-129.
    31. Michael Melvin & Wenqiang Pan & Petra Wikstrom, 2020. "Retaining Alpha: The Effect of Trade Size and Rebalancing Frequency on FX Strategy Returns," CESifo Working Paper Series 8143, CESifo.
    32. Evans, Martin, 2020. "Exchange Rates and Liquidity Risk," MPRA Paper 102702, University Library of Munich, Germany.
    33. Reinhold Heinlein & Gabriella D. Legrenzi & Scott M. R. Mahadeo & Gabriella Deborah Legrenzi, 2024. "Exchange Rates and Sovereign Risk: A Nonlinear Approach Based on Local Gaussian Correlations," CESifo Working Paper Series 11019, CESifo.
    34. Wenliang Guo, 2020. "Currency Regimes, Volatility Risks, and Carry Trades: The Option Value of Government Currency Intervention in Emerging Markets," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(3), pages 1-4.
    35. Jamali, Ibrahim & Yamani, Ehab, 2019. "Out-of-sample exchange rate predictability in emerging markets: Fundamentals versus technical analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 61(C), pages 241-263.
    36. Brian Lucey & Grace Loring, 2012. "Forward Exchange Rate Biasedness across Developed and Developing Country Currencies - Do Observed Patterns Persist Out of Sample?Abstract:," The Institute for International Integration Studies Discussion Paper Series iiisdp404, IIIS.
    37. Ahmad, Rubi & Rhee, S. Ghon & Wong, Yuen Meng, 2012. "Foreign exchange market efficiency under recent crises: Asia-Pacific focus," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1574-1592.
    38. Evgenia Passari, 2015. "Commodity Currencies Revisited," Post-Print hal-01453266, HAL.
    39. Lukas Mankhoff & Lucio Sarno & Maik Schmeling & Andreas Schrimpf, 2013. "Information flows in foreign exchange markets: dissecting customer currency trades," BIS Working Papers 405, Bank for International Settlements.

  5. Gary B. Gorton & Fumio Hayashi & K. Geert Rouwenhorst, 2007. "The Fundamentals of Commodity Futures Returns," NBER Working Papers 13249, National Bureau of Economic Research, Inc.

    Cited by:

    1. Sanjay Sehgal & Asheesh Pandey, 2012. "Strategic Allocation, Asset Pricing and Prior Return Patterns: Evidence from Indian Commodity Market," Vision, , vol. 16(4), pages 273-281, December.
    2. A. Anzuini & M. J. Lombardi & P. Pagano, 2013. "The Impact of Monetary Policy Shocks on Commodity Prices," International Journal of Central Banking, International Journal of Central Banking, vol. 9(3), pages 125-150, September.
    3. Robert Jarrow, 2010. "Convenience yields," Review of Derivatives Research, Springer, vol. 13(1), pages 25-43, April.
    4. Menkhoff, Lukas & Sarno, Lucio & Schmeling, Maik & Schrimpf, Andreas, 2012. "Currency momentum strategies," Journal of Financial Economics, Elsevier, vol. 106(3), pages 660-684.
    5. Modena, Matteo, 2011. "Agricultural commodities and financial markets," MPRA Paper 36416, University Library of Munich, Germany, revised 30 Sep 2011.
    6. Guillermo Llorente & Jiang Wang, 2020. "Trading and information in futures markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(8), pages 1231-1263, August.
    7. Han, Liyan & Xu, Yang & Yin, Libo, 2017. "Does investor attention matter? The attention-return relation in gold futures market," Economics Discussion Papers 2017-37, Kiel Institute for the World Economy (IfW Kiel).
    8. Sung Je Byun, 2016. "Speculation in Commodity Futures Markets, Inventories and the Price of Crude Oil," Occasional Papers 16-3, Federal Reserve Bank of Dallas.
    9. Ke Tang & Wei Xiong, 2012. "Index Investment and the Financialization of Commodities," Financial Analysts Journal, Taylor & Francis Journals, vol. 68(6), pages 54-74, November.
    10. William Arrata & Alejandro Bernales & Virginie Coudert, 2013. "The effects of Derivatives on Underlying Financial Markets: Equity Options, Commodity Futures and Credit Default Swaps," Post-Print hal-01410748, HAL.
    11. Kang, Wenjin & Tang, Ke & Wang, Ningli, 2023. "Financialization of commodity markets ten years later," Journal of Commodity Markets, Elsevier, vol. 30(C).
    12. Kevin Guo & Tim Leung, 2016. "Understanding the Non-Convergence of Agricultural Futures via Stochastic Storage Costs and Timing Options," Papers 1610.09403, arXiv.org, revised Apr 2017.
    13. Sungjun Cho & Chanaka N. Ganepola & Ian Garrett, 2019. "An analysis of illiquidity in commodity markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 39(8), pages 962-984, August.
    14. Wen, Chufu & Zhu, Haoyang & Dai, Zhifeng, 2023. "Forecasting commodity prices returns: The role of partial least squares approach," Energy Economics, Elsevier, vol. 125(C).
    15. Batten, Jonathan A. & Kinateder, Harald & Szilagyi, Peter G. & Wagner, Niklas F., 2019. "Time-varying energy and stock market integration in Asia," Energy Economics, Elsevier, vol. 80(C), pages 777-792.
    16. Horváth, Lajos & Liu, Zhenya & Rice, Gregory & Wang, Shixuan, 2020. "A functional time series analysis of forward curves derived from commodity futures," International Journal of Forecasting, Elsevier, vol. 36(2), pages 646-665.
    17. Jilong Chen & Christian Ewald & Ruolan Ouyang & Sjur Westgaard & Xiaoxia Xiao, 2022. "Pricing commodity futures and determining risk premia in a three factor model with stochastic volatility: the case of Brent crude oil," Annals of Operations Research, Springer, vol. 313(1), pages 29-46, June.
    18. Naomi Boyd & Bingxin Li & Rui Liu, 2022. "Risk premia in the term structure of crude oil futures: long-run and short-run volatility components," Review of Quantitative Finance and Accounting, Springer, vol. 58(4), pages 1505-1533, May.
    19. John Hua & Adrian Fernandez-Perez & Ana-Maria Fuertes & Joelle Miffre, 2020. "Speculative Pressure," Post-Print hal-02500777, HAL.
    20. de Groot, Wilma & Karstanje, Dennis & Zhou, Weili, 2014. "Exploiting commodity momentum along the futures curves," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 79-93.
    21. Bannigidadmath, Deepa & Narayan, Paresh Kumar, 2021. "Economic news and the cross-section of commodity futures returns," Journal of Behavioral and Experimental Finance, Elsevier, vol. 31(C).
    22. Nguyen, Duc Binh Benno & Prokopczuk, Marcel, 2017. "Jumps in Commodity Markets," Hannover Economic Papers (HEP) dp-615, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    23. Ames, Matthew & Bagnarosa, Guillaume & Matsui, Tomoko & Peters, Gareth W. & Shevchenko, Pavel V., 2020. "Which risk factors drive oil futures price curves?," Energy Economics, Elsevier, vol. 87(C).
    24. Yu-chin Chen & Kenneth Rogoff & Barbara Rossi, 2008. "Can Exchange Rates Forecast Commodity Prices?," Working Papers UWEC-2008-11-FC, University of Washington, Department of Economics, revised Oct 2009.
    25. Jarrow, Robert A. & Kwok, Simon S., 2023. "Futures contract collateralization and its implications," Journal of Empirical Finance, Elsevier, vol. 74(C).
    26. Gerlach, Stefan & Stuart, Rebecca, 2024. "Commodity prices and international Inflation, 1851–1913," Journal of International Money and Finance, Elsevier, vol. 144(C).
    27. Li, Kai, 2021. "Nonlinear effect of sentiment on momentum," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    28. de Paula, Aureo & Hansman, Christopher & Hong, Harrison & Singh, Vishal, 2020. "A Sticky-Price View of Hoarding," CEPR Discussion Papers 14633, C.E.P.R. Discussion Papers.
    29. Noori, Mohammad & Hitaj, Asmerilda, 2023. "Dissecting hedge funds' strategies," International Review of Financial Analysis, Elsevier, vol. 85(C).
    30. Sepideh Dolatabadi & Paresh Kumar Narayan & Morten Ørregaard Nielsen & Ke Xu, 2017. "Economic significance of commodity return forecasts from the fractionally cointegrated VAR model," CREATES Research Papers 2018-35, Department of Economics and Business Economics, Aarhus University.
    31. Zunxin Zheng & Gaiyan Zhang & Yingzhao Ni, 2024. "Financial regulatory arbitrage and the financialization of commodities," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 44(5), pages 826-853, May.
    32. Gao, Lin & Hitzemann, Steffen & Shaliastovich, Ivan & Xu, Lai, 2022. "Oil volatility risk," Journal of Financial Economics, Elsevier, vol. 144(2), pages 456-491.
    33. Claudio Morana, 2012. "Oil Price Dynamics, Macro-Finance Interactions and the Role of Financial Speculation," Working Papers 2012.07, Fondazione Eni Enrico Mattei.
    34. Shirui Wang & Tianyang Zhang, 2024. "Predictability of commodity futures returns with machine learning models," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 44(2), pages 302-322, February.
    35. Yeguang Chi & Wenyan Hao & Jiangdong Hu & Zhenkai Ran, 2023. "An empirical investigation on risk factors in cryptocurrency futures," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 43(8), pages 1161-1180, August.
    36. Benoît Guilleminot & Jean-Jacques Ohana & Steve Ohana, 2014. "The interaction of speculators and index investors in agricultural derivatives markets," Agricultural Economics, International Association of Agricultural Economists, vol. 45(6), pages 767-792, November.
    37. Basu, Devraj & Miffre, Joëlle, 2013. "Capturing the risk premium of commodity futures: The role of hedging pressure," Journal of Banking & Finance, Elsevier, vol. 37(7), pages 2652-2664.
    38. Yonghwan Jo & Jihee Kim, 2019. "Revisiting the Time Series Momentum Anomaly," Annals of Economics and Finance, Society for AEF, vol. 20(2), pages 767-782, November.
    39. Ahmed, Rashad, 2020. "Global Flight-to-Safety Shocks," MPRA Paper 103501, University Library of Munich, Germany.
    40. Laurent Ferrara & Aikaterina Karadimitropoulou & Athanasios Triantafyllou & Theodora Bermpei, 2022. "Commodity currencies revisited: The role of global commodity price uncertainty," Working Papers hal-04159791, HAL.
    41. Li, Hemei & Liu, Zhenya & Zhao, Yuqian, 2023. "The Fortune and crash of common risk factors in Chinese commodity markets," Journal of Commodity Markets, Elsevier, vol. 32(C).
    42. Wang, Yudong & Liu, Li & Ma, Feng & Wu, Chongfeng, 2016. "What the investors need to know about forecasting oil futures return volatility," Energy Economics, Elsevier, vol. 57(C), pages 128-139.
    43. Nicolas Merener, 2012. "Globally Distributed Production and Asset Pricing:the Rise of Latin America in CME Soybean Futures," Business School Working Papers 2012-01, Universidad Torcuato Di Tella.
    44. Zhang, Lu & Hsieh, Pei-lin & Chen, Haiqiang, 2023. "COVID-19 and commodity pricing premium: Evidence from the Chinese market," Finance Research Letters, Elsevier, vol. 58(PA).
    45. Edwin J. Elton & Martin J. Gruber & Andre de Souza, 2016. "Target Risk Funds," European Financial Management, European Financial Management Association, vol. 22(4), pages 519-539, September.
    46. Joelle Miffre & Hossein Rad & Rand Kwong Yew Low & Robert Faff, 2023. "The commodity risk premium and neural networks," Post-Print hal-04322519, HAL.
    47. Hollstein, Fabian & Prokopczuk, Marcel & Tharann, Björn & Wese Simen, Chardin, 2021. "Predictability in commodity markets: Evidence from more than a century," Journal of Commodity Markets, Elsevier, vol. 24(C).
    48. CARPANTIER, Jean-François & SAMKHARADZE, Besik, 2012. "The asymmetric commodity inventory effect on the optimal hedge ratio," LIDAM Discussion Papers CORE 2012020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    49. Annastiina Silvennoinen & Susan Thorp, 2016. "Crude Oil and Agricultural Futures: An Analysis of Correlation Dynamics," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 36(6), pages 522-544, June.
    50. Frankel, Jeffrey & Rose, Andrew K., 2010. "Determinants of Agricultural and Mineral Commodity Prices," Working Paper Series rwp10-038, Harvard University, John F. Kennedy School of Government.
    51. Adam Zaremba & Jacob Koby Shemer, 2018. "Price-Based Investment Strategies," Springer Books, Springer, number 978-3-319-91530-2, June.
    52. Georges Prat & Remzi Uctum, 2021. "Modeling ex-ante risk premia in the oil market," Post-Print hal-03318785, HAL.
    53. Jean-François Carpantier & Arnaud Dufays, 2013. "Commodities Inventory Effect," DEM Discussion Paper Series 13-07, Department of Economics at the University of Luxembourg.
    54. Zaremba, Adam & Bianchi, Robert J. & Mikutowski, Mateusz, 2021. "Long-run reversal in commodity returns: Insights from seven centuries of evidence," Journal of Banking & Finance, Elsevier, vol. 133(C).
    55. Conlon, Thomas & Cotter, John & Eyiah-Donkor, Emmanuel, 2024. "Forecasting the price of oil: A cautionary note," Journal of Commodity Markets, Elsevier, vol. 33(C).
    56. Francisco Arroyo Marioli, 2020. "Old crop versus new crop prices: Explaining the correlation," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(7), pages 1192-1208, July.
    57. Nakagawa, Kei & Sakemoto, Ryuta, 2023. "Do commodity factors work as inflation hedges and safe havens?," Finance Research Letters, Elsevier, vol. 58(PD).
    58. Marat Molyboga & Seungho Baek & John F. O. Bilson, 2017. "Assessing hedge fund performance with institutional constraints: evidence from CTA funds," Journal of Asset Management, Palgrave Macmillan, vol. 18(7), pages 547-565, December.
    59. Charoula Daskalaki & George Skiadopoulos, 2014. "The Effects of Margin Changes on Commodity Futures Markets," Working Papers 736, Queen Mary University of London, School of Economics and Finance.
    60. Bianchi, Robert J. & Drew, Michael E. & Fan, John Hua, 2016. "Commodities momentum: A behavioral perspective," Journal of Banking & Finance, Elsevier, vol. 72(C), pages 133-150.
    61. Pagano, Patrizio & Pisani, Massimiliano, 2009. "Risk-adjusted forecasts of oil prices," Working Paper Series 999, European Central Bank.
    62. Erkko Etula, 2013. "Broker-Dealer Risk Appetite and Commodity Returns," Journal of Financial Econometrics, Oxford University Press, vol. 11(3), pages 486-521, June.
    63. Fagan, Stephen & Gencay, Ramazan, 2008. "Liquidity-Induced Dynamics in Futures Markets," MPRA Paper 6677, University Library of Munich, Germany.
    64. Kim, Jaeho & Linn, Scott C., 2022. "Price discovery under model uncertainty," Energy Economics, Elsevier, vol. 107(C).
    65. Fernandez-Perez, Adrian & Indriawan, Ivan & Tse, Yiuman & Xu, Yahua, 2023. "Cross-asset time-series momentum: Crude oil volatility and global stock markets," Journal of Banking & Finance, Elsevier, vol. 154(C).
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    1. Szalavetz, Andrea, 2007. "Műszaki fejlődés és tőkeintenzitás [Technological progress and capital intensity]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 184-198.
    2. Murat Üngör, 2009. "De-industrialization of the Riches and the Rise of China," DEGIT Conference Papers c014_040, DEGIT, Dynamics, Economic Growth, and International Trade.
    3. Hiroki Arato & Katsunori Yamada, 2010. "Japan's Intangible Capital and Valuation of Corporations in a Neoclassical Framework," ISER Discussion Paper 0772, Institute of Social and Economic Research, Osaka University, revised Nov 2011.
    4. Tatsuyoshi Miyakoshi & Pekka Ilmakunnas, 2009. "What decreases the TFP ? The aging labor and ICT imbalance," Discussion Papers in Economics and Business 09-03, Osaka University, Graduate School of Economics.

  8. Fumio Hayashi & Edward C. Prescott, 2002. "Data Appendix to The 1990s in Japan: A Lost Decade," Online Appendices hayashi02, Review of Economic Dynamics.

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    1. Morita, Hiroshi, 2014. "External shocks and Japanese business cycles: Evidence from a sign-restricted VAR model," Japan and the World Economy, Elsevier, vol. 30(C), pages 59-74.
    2. R. Anton Braun & Yuichiro Waki, 2006. "Monetary Policy During Japan'S Lost Decade," The Japanese Economic Review, Japanese Economic Association, vol. 57(2), pages 324-344, June.
    3. Fang Cai, 2015. "Haste Makes Waste: Policy Options Facing China after Reaching the Lewis Turning Point," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(1), pages 1-20, January.
    4. Taiji Hagiwara & Yoichi Matsubayashi, 2014. "Capital Accumulation, Vintage and Productivity: The Japanese Experience," Discussion Papers 1418, Graduate School of Economics, Kobe University.
    5. Juan Carlos Conesa & Timothy J. Kehoe & Kim J. Ruhl, 2007. "Modeling great depressions: the depression in Finland in the 1990s," Staff Report 401, Federal Reserve Bank of Minneapolis.
    6. Rey, Clément & Rey, Serge & Viala, Jean-Renaud, 2014. "Detection of high and low states in stock market returns with MCMC method in a Markov switching model," Economic Modelling, Elsevier, vol. 41(C), pages 145-155.
    7. Morana, Claudio, 2004. "The Japanese stagnation: an assessment of the productivity slowdown hypothesis," Japan and the World Economy, Elsevier, vol. 16(2), pages 193-211, April.
    8. Kyoji Fukao & Victoria Kravtsova & Kentaro Nakajima, 2014. "How important is geographical agglomeration to factory efficiency in Japan’s manufacturing sector?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 52(3), pages 659-696, May.
    9. Kim, David, 2007. "An East Asian currency union?: The empirical nature of macroeconomic shocks in East Asia," Journal of Asian Economics, Elsevier, vol. 18(6), pages 847-866, December.
    10. Kazuo Ogawa, 2004. "Debt, R&D Investment and Technological Progress: A Panel Study of Japanese Manufacturing Firms in the 90s," ISER Discussion Paper 0607, Institute of Social and Economic Research, Osaka University.
    11. Dimitris Papageorgiou & Stylianos Tsiaras, 2021. "The Greek Great Depression from a neoclassical perspective," Working Papers 286, Bank of Greece.
    12. Yoshida, Jiro, 2020. "The economic depreciation of real estate: Cross-sectional variations and their return implications," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
    13. Kuroda, Sachiko & Yamamoto, Isamu, 2008. "Estimating Frisch labor supply elasticity in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 22(4), pages 566-585, December.
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    16. Daisuke Ikeda & Yasuko Morita, 2016. "The Effects of Barriers to Technology Adoption on Japanese Prewar and Postwar Economic Growth," IMES Discussion Paper Series 16-E-01, Institute for Monetary and Economic Studies, Bank of Japan.
    17. Cheong, Siew Ann & Fornia, Robert Paulo & Lee, Gladys Hui Ting & Kok, Jun Liang & Yim, Woei Shyr & Xu, Danny Yuan & Zhang, Yiting, 2011. "The Japanese economy in crises: A time series segmentation study," Economics Discussion Papers 2011-24, Kiel Institute for the World Economy (IfW Kiel).
    18. Junko Doi & Takao Fujii & Shinya Horie & Jun Iritani & Sumie Sato & Masaya Yasuoka, 2021. "Construction of an Aggregated Economy - Aggregated TFP and Price Level -," Discussion Paper Series 228, School of Economics, Kwansei Gakuin University.
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    347. Jahangir Aziz, 2008. "Deconstructing China’s and India’s Growth - The Role of Financial Policies," Macroeconomics Working Papers 22142, East Asian Bureau of Economic Research.
    348. Kiyohiko G. Nishimura & Takanobu Nakajima & Kozo Kiyota, 2003. "Does Natural Selection Mechanism Still Work in Severe Recessions? --Examination of the Japanese Economy in the 1990s ---," CIRJE F-Series CIRJE-F-222, CIRJE, Faculty of Economics, University of Tokyo.
    349. Atsushi Oshima & B. Ravikumar & Raymond Riezman, 2009. "Entrepreneurship, Organization Capital, and the Evolution of the Firm," Springer Books, in: Takashi Kamihigashi & Laixun Zhao (ed.), International Trade and Economic Dynamics, pages 499-511, Springer.
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    361. Kaihatsu, Sohei & Kurozumi, Takushi, 2014. "What caused Japan’s Great Stagnation in the 1990s? Evidence from an estimated DSGE model," Journal of the Japanese and International Economies, Elsevier, vol. 34(C), pages 217-235.
    362. Miyagawa, Tsutomu & Ito, Yukiko & Harada, Nobuyuki, 2004. "The IT revolution and productivity growth in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 18(3), pages 362-389, September.
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    378. Franck Portier, 2006. "Comment ‘A “News” View Of Japan'S Lost Decade’: Monetary Policy During Japan'S Lost Decade," The Japanese Economic Review, Japanese Economic Association, vol. 57(2), pages 345-357, June.

  10. Fumio Hayashi, 1997. "The Main Bank System and Corporate Investment: An Empirical Reassessment," NBER Working Papers 6172, National Bureau of Economic Research, Inc.

    Cited by:

    1. Kaoru Hosono & Masayo Tomiyama & Tsutomu Miyagawa, 2004. "Corporate governance and research and development: Evidence from Japan," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 13(2), pages 141-164.
    2. Jason G. Cummins & Kevin A. Hassett & Stephen D. Oliner, 1999. "Investment behavior, observable expectations, and internal funds," Finance and Economics Discussion Series 1999-27, Board of Governors of the Federal Reserve System (U.S.).
    3. Shirasu, Yoko & Xu, Peng, 2007. "The choice of financing with public debt versus private debt: New evidence from Japan after critical binding regulations were removed," Japan and the World Economy, Elsevier, vol. 19(4), pages 393-424, December.
    4. Kyoji Fukao & Kiyohiko G. Nishimura & Qing-Yuan Sui & Masayo Tomiyama, 2004. "Japanese Banks' Monitoring Activities and the Performance of Borrower Firms: 1981-1996," Hi-Stat Discussion Paper Series d04-42, Institute of Economic Research, Hitotsubashi University.
    5. Wallace, Rodney B., 2003. "Environments that facilitate collusive non-investment:: Theory and application to Japan's period of rapid development," Journal of the Japanese and International Economies, Elsevier, vol. 17(2), pages 213-225, June.
    6. V. M. González-Méndez & F. González-Rodríguez, 2000. "Un análisis de los efectos de la crisis de Banesto sobre la banca y la industria," Investigaciones Economicas, Fundación SEPI, vol. 24(3), pages 611-640, September.
    7. Yuzo Honda & Kazuyuki Suzuki, 2006. "Is Cash Flow a Proxy for Financing Constraints in the Investment Equation? The Case of Unlisted Japanese Firms," Discussion Papers in Economics and Business 06-24, Osaka University, Graduate School of Economics.
    8. Simon Gilchrist & Charles Himmelberg, 1999. "Investment: Fundamentals and Finance," NBER Chapters, in: NBER Macroeconomics Annual 1998, volume 13, pages 223-274, National Bureau of Economic Research, Inc.
    9. Behr Andreas, 2005. "Investment, Q and Liquidity / Investitionen, Q und Liquidität: Evidence for Germany Using Firm Level Balance Sheet Data / Empirische Ergebnisse auf Basis von Unternehmensdaten," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 225(1), pages 2-21, February.
    10. Laurent Soulat, 2006. "Les modèles Q-investment et les modèles d'Euler : relations de banque principale, asymétries informationnelles et modifications des structures financières des firmes de keiretsu financier," Cahiers de la Maison des Sciences Economiques bla06010, Université Panthéon-Sorbonne (Paris 1).
    11. Lehmann, Erik, 2018. "Corporate governance," UO Working Papers 01-18, University of Augsburg, Chair of Management and Organization.
    12. Mr. Jorge A Chan-Lau, 2001. "The Impact of Corporate Governance Structures on the Agency Cost of Debt," IMF Working Papers 2001/204, International Monetary Fund.
    13. Naoaki Minamihashi, 2011. "Credit Crunch Caused by Bank Failures and Self‐Selection Behavior in Lending Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(1), pages 133-161, February.
    14. Shin-ichi Fukuda & Ji Cong & Megumi Okui & Kenichi Okuda, 2000. "Long Term Loans and Investment in Japan: An Empirical Analysis Based on the Panel Data of Japanese Firms," CIRJE F-Series CIRJE-F-80, CIRJE, Faculty of Economics, University of Tokyo.

  11. Joseph G. Altonji & Fumio Hayashi & Laurence Kotlikoff, 1996. "The Effects of Income and Wealth on Time and Money Transfers between Parents and Children," NBER Working Papers 5522, National Bureau of Economic Research, Inc.

    Cited by:

    1. CARDIA, Emanuela & NG, Serena, 2000. "How Important Are Intergenerational Transfers of Time? a Macroeconomic Analysis," Cahiers de recherche 2000-04, Universite de Montreal, Departement de sciences economiques.
    2. Nikolov, Plamen & Adelman, Alan, 2019. "Do Private Household Transfers to the Elderly Respond to Public Pension Benefits? Evidence from Rural China," IZA Discussion Papers 12532, Institute of Labor Economics (IZA).
    3. Joseph G. Altonji & Rosa L. Matzkin, 2001. "Panel Data Estimators for Nonseparable Models with Endogenous Regressors," NBER Technical Working Papers 0267, National Bureau of Economic Research, Inc.
    4. Ana Fernandes, 2011. "Altruism, labor supply and redistributive neutrality," Journal of Population Economics, Springer;European Society for Population Economics, vol. 24(4), pages 1443-1469, October.
    5. Barnet-Verzat, Christine & Wolff, Francois-Charles, 2002. "Motives for pocket money allowance and family incentives," Journal of Economic Psychology, Elsevier, vol. 23(3), pages 339-366, June.
    6. Christine Barnet-Verzat & François-Charles Wolff, 2001. "L'argent de poche versé aux jeunes : l'apprentissage de l'autonomie financière," Post-Print hal-03913040, HAL.
    7. Chen, Ming & Kinsey, Jean D., 1997. "Intergenerational Transfers: From Parents To Adult Children And From Adult Children To Parents," Staff Papers 13431, University of Minnesota, Department of Applied Economics.
    8. Ken Yamada, 2003. "Intra-family Transfers in Japan: Intergenerational Co-residence, Distance, andContact," ISER Discussion Paper 0575, Institute of Social and Economic Research, Osaka University.
    9. Luc Arrondel & François-Charles Wolff, 1998. "La nature des transferts inter vivos en France : investissements humains, aides financières et transmission du patrimoine," Économie et Prévision, Programme National Persée, vol. 135(4), pages 1-27.
    10. Deborah A. Cobb-Clark, 2008. "Leaving Home: What Economics Has to Say about the Living Arrangements of Young Australians," CEPR Discussion Papers 568, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    11. Altonji Joseph G & Villanueva Ernesto, 2007. "The Marginal Propensity to Spend on Adult Children," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 7(1), pages 1-52, February.
    12. Andrew Mason & Ronald Lee & An-Chi Tung & Mun-Sim Lai & Tim Miller, 2009. "Population Aging and Intergenerational Transfers: Introducing Age into National Accounts," NBER Chapters, in: Developments in the Economics of Aging, pages 89-122, National Bureau of Economic Research, Inc.
    13. Michael Kuklik & Nikita Cespedes, 2013. "Optimal Taxation and Life Cycle Labor Supply Profile," Documentos de Trabajo / Working Papers 2013-352, Departamento de Economía - Pontificia Universidad Católica del Perú.
    14. Marta Melguizo Garde, 2007. "La motivación de las transmisiones lucrativas entre generaciones de una familia: modelos teóricos y evidencia empírica," Hacienda Pública Española / Review of Public Economics, IEF, vol. 181(2), pages 81-118, June.
    15. Giorgio Secondi, 1997. "Private monetary transfers in rural china: Are families altruistic?," Journal of Development Studies, Taylor & Francis Journals, vol. 33(4), pages 487-511.
    16. Alessandro Cigno & Gianna Giannelli & Furio Rosati & Daniela Vuri, 2006. "Is there such a thing as a family constitution? A test based on credit rationing," Review of Economics of the Household, Springer, vol. 4(3), pages 183-204, September.
    17. Jellal, Mohamed & wolff, François charles, 2003. "Solidarités familiales par la démonstration [Familial solidariies and the demonstration effect]," MPRA Paper 38438, University Library of Munich, Germany.
    18. Ana Fernandes, 2000. "Altruism with Endogenous Labor Supply," Econometric Society World Congress 2000 Contributed Papers 0844, Econometric Society.
    19. Levin, Mark (Левин, Марк) & Matrosova, Ksenia (Матросова, Ксения), 2018. "Development and Research of Economic Behavior of Households in Changing Conditions [Разработка И Исследование Экономического Поведения Домохозяйств В Изменяющихся Условиях]," Working Papers 041825, Russian Presidential Academy of National Economy and Public Administration.
    20. Kathleen McGarry & Robert F. Schoeni, 1994. "Transfer Behavior: Measurement and the Redistribution of Resources within the Family," NBER Working Papers 4607, National Bureau of Economic Research, Inc.
    21. Liliana E. Pezzin & Robert A. Pollak & Barbara Steinberg Schone, 2008. "Parental Marital Disruption, Family Type, and Transfers to Disabled Elderly Parents," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 63(6), pages 349-358.
    22. Sascha O. Becker & Samuel Bentolila & Ana Fernandes & Andrea Ichino, 2005. "Job Insecurity and Youth Emancipation: A Theoretical Approach," Diskussionsschriften dp0514, Universitaet Bern, Departement Volkswirtschaft.
    23. Dunn, Thomas A. & Phillips, John W., 1997. "The timing and division of parental transfers to children," Economics Letters, Elsevier, vol. 54(2), pages 135-137, February.
    24. Tomas Artemio Marinozzi, 2021. "Allocation problems in child benefit programs using a microeconomic theory approach," CEMA Working Papers: Serie Documentos de Trabajo. 775, Universidad del CEMA.
    25. Diederich, Freya & König, Hans-Helmut & Brettschneider, Christian, 2021. "A longitudinal perspective on inter vivos transfers between children and their parents in need of long-term care," The Journal of the Economics of Ageing, Elsevier, vol. 19(C).
    26. Mohamed Jellal & François-Charles Wolff, 2002. "Cultural evolutionary altruism: theory and evidence," Post-Print hal-03913044, HAL.
    27. Katherine Meckel, 2008. "Remittance behavior among new U.S. immigrants," Working Paper Series WP-08-19, Federal Reserve Bank of Chicago.
    28. Molina, José Alberto & Navarro Paniagua, Maria & Walker, Ian, 2007. "Mums and Their Sons, Dads and Their Daughters: Panel Data Evidence of Interdependent Marginal Utilities across 14 EU Countries," IZA Discussion Papers 2734, Institute of Labor Economics (IZA).
    29. José Giménez-Nadal & Miriam Marcén & Raquel Ortega, 2012. "Substitution and Presence Effects of Children on Mothers’ Adult Care Time," Journal of Family and Economic Issues, Springer, vol. 33(1), pages 2-10, March.
    30. Ronel Elul & Narayanan Subramanian, 2002. "Forum-Shopping and Personal Bankruptcy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 21(3), pages 233-255, June.
    31. François-Charles Wolff, 2001. "Private intergenerational contact in France and the demonstration effect," Post-Print hal-03913038, HAL.
    32. Gimenez-Nadal, José Ignacio & Marcén, Miriam & Molina, José Alberto, 2007. "How Does the Presence of Children Affect Dependent Care? A Psycho-Economic Approach," IZA Discussion Papers 2726, Institute of Labor Economics (IZA).
    33. François-Charles Wolff, 2000. "Les transferts versés aux enfants et aux parents : altruisme ou échange intertemporel?," Post-Print hal-03913034, HAL.
    34. Emanuela Cardia & Serena Ng, 2003. "Intergenerational Time Transfers and Childcare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(2), pages 431-454, April.

  12. Joseph G. Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1995. "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," Boston University - Institute for Economic Development 65, Boston University, Institute for Economic Development.

    Cited by:

    1. Julie Zissimopoulos & James P. Smith, 2010. "Unequal Giving Monetary Gifts to Children Across Countries and Over Time," Working Papers WR-723, RAND Corporation.
    2. Wojciech Kopczuk & Joseph P. Lupton, 2004. "To leave or not to leave: the distribution of bequest motives," Finance and Economics Discussion Series 2004-33, Board of Governors of the Federal Reserve System (U.S.).
    3. Spyridon Boikos & Alberto Bucci & Thanasis Stengos, 2012. "Non-Monotonicity of Fertility in Human Capital Accumulation and Economic Growth," Working Papers 1213, University of Guelph, Department of Economics and Finance.
    4. Grossmann, Volker, 2008. "Risky human capital investment, income distribution, and macroeconomic dynamics," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 19-42, March.
    5. Jellal, Mohamed, 2009. "Family Institution and Filial Attention Contract," MPRA Paper 17713, University Library of Munich, Germany.
    6. Sloan, F.A. & Zhang, H.H., 1995. "Upstream Intergenerational Transfers," GSIA Working Papers 1995-27, Carnegie Mellon University, Tepper School of Business.
    7. Alessandro Balestrino & Lisa Grazzini & Annalisa Luporini, 2015. "A Normative Justification of Compulsory Education," CESifo Working Paper Series 5255, CESifo.
    8. John Ameriks & Andrew Caplin & Steven Laufer & Stijn Van Nieuwerburgh, 2007. "The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Bequest and Precautionary Motives," NBER Working Papers 13105, National Bureau of Economic Research, Inc.
    9. Aldieri, Luigi & Fiorillo, Damiano, 2015. "Private monetary transfers and altruism: An empirical investigation on Italian families," Economic Analysis and Policy, Elsevier, vol. 46(C), pages 1-15.
    10. Dickie, Mark & Gerking, Shelby, 2007. "Altruism and environmental risks to health of parents and their children," Journal of Environmental Economics and Management, Elsevier, vol. 53(3), pages 323-341, May.
    11. Cordoba, Juan Carlos & Ripoll, Marla, 2014. "The Elasticity of Intergenerational Substitution, Parental Altruism, and Fertility Choice," Staff General Research Papers Archive 37765, Iowa State University, Department of Economics.
    12. Sumon Kumar Bhaumik & Ira N. Gang & Myeong-Su Yun, 2006. "Ethnic Conflict and Economic Disparity: Serbians and Albanians in Kosovo," Departmental Working Papers 200636, Rutgers University, Department of Economics.
    13. Ingela Alger & Jörgen Weibull, 2008. "The fetters of the sib: Weber meets Darwin," Working Papers hal-00354241, HAL.
    14. Rajnish Mehra & Facundo Piguillem & Edward C. Prescott, 2011. "Costly financial intermediation in neoclassical growth theory," Quantitative Economics, Econometric Society, vol. 2(1), pages 1-36, March.
    15. Laurence Kotlikoff & Felix Kubler & Andrey Polbin & Jeffrey Sachs & Simon Scheidegger, 2021. "Making Carbon Taxation A Generational Win Win," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(1), pages 3-46, February.
    16. Xavier Ragot, 2005. "A theory of low inflation in a non Ricardian economy with credit constraints," Working Papers halshs-00590788, HAL.
    17. Shelly Lundberg & Aloysius Siow, 2017. "Canadian contributions to family economics," Canadian Journal of Economics, Canadian Economics Association, vol. 50(5), pages 1304-1323, December.
    18. Nikolov, Plamen & Adelman, Alan, 2019. "Do Private Household Transfers to the Elderly Respond to Public Pension Benefits? Evidence from Rural China," IZA Discussion Papers 12532, Institute of Labor Economics (IZA).
    19. Benzell, Seth G. & Goryunov, Eugene & Kazakova, Marija & Kotlikoff, Laurence J. & LaGarda, Guillermo & Nesterova, Kristina & Zubarev, Andrey, 2015. "Simulating Russia’S And Other Large Economies’ Challenging And Interconnected Transitions," EconStor Preprints 121939, ZBW - Leibniz Information Centre for Economics.
    20. Siew Ling Yew & Jie Zhang, 2023. "Health externalities to productivity and efficient health subsidies," Monash Economics Working Papers 2023-13, Monash University, Department of Economics.
    21. Kristopher Gerardi & Yuping Tsai, 2010. "The effect of social entitlement programs on private transfers: new evidence of crowding out," FRB Atlanta Working Paper 2010-15, Federal Reserve Bank of Atlanta.
    22. Alice Schoonbroodt & Larry E. Jones, 2010. "Baby Busts and Baby Booms: The Fertility Response to Shocks in Dynastic Models," 2010 Meeting Papers 144, Society for Economic Dynamics.
    23. Birchenall, Javier A. & Soares, Rodrigo R., 2009. "Altruism, fertility, and the value of children: Health policy evaluation and intergenerational welfare," Journal of Public Economics, Elsevier, vol. 93(1-2), pages 280-295, February.
    24. Diego Daruich & Julian Kozlowski, 2020. "Explaining Intergenerational Mobility: The Role of Fertility and Family Transfers," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 220-245, April.
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    1. Xiangdan Piao, 2023. "Intra-Household Income Management and Couple’s Relative Sharing of Income and Environment Sustainability in Japan," Sustainability, MDPI, vol. 15(7), pages 1-17, April.
    2. Taisu Zhang & Xiaoxue Zhao, 2014. "Do Kinship Networks Strengthen Private Property? Evidence from Rural China," Journal of Empirical Legal Studies, John Wiley & Sons, vol. 11(3), pages 505-540, September.
    3. Rosenzweig, Mark R. & Zhang, Junsen, 2014. "Co-residence, Life-Cycle Savings and Inter-generational Support in Urban China," Working Papers 131, Yale University, Department of Economics.
    4. Iwaisako, Tokuo, 2009. "Household portfolios in Japan," Japan and the World Economy, Elsevier, vol. 21(4), pages 373-382, December.
    5. Xiangdan Piao, 2021. "Marriage Stability and Private Versus Shared Expenditures Within Families: Evidence from Japanese Families," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(2), pages 533-559, January.
    6. Charles Yuji Horioka, 2009. "Do Bequests Increase or Decrease Wealth Inequalities?," ISER Discussion Paper 0729, Institute of Social and Economic Research, Osaka University.
    7. Lakshmi K Raut & Lien H Tran, 1998. "Motives for Investment in Human Capital of Children: Evidence from Indonesian Family Life Survey Data," Working Papers 199801, University of Hawaii at Manoa, Department of Economics.
    8. R. Anton Braun & Daisuke Ikeda & Douglas H. Joines, 2009. "The Saving Rate In Japan: Why It Has Fallen And Why It Will Remain Low," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(1), pages 291-321, February.
    9. Shinobu Nakagawa, 1999. "Why Has Japan's Household Savings Rate Remained High even during the 1990s? --Empirical Analysis on Risk Bias Viewed by the Characteristics of the Household Sector--," Bank of Japan Research Papers 1999-07, Bank of Japan.
    10. R. Anton Braun & Daisuke Ikeda & Douglas H. Joines, 2006. "Saving and interest rates in Japan: why they have fallen and why they will remain low," Working Paper Series 2006-39, Federal Reserve Bank of San Francisco.
    11. Toshihiro Ihori & Ryuta Ray Kato & Masumi Kawade & Shun-ichiro Bessho, 2006. "Public Debt and Economic Growth in an Aging Japan," Working Papers EMS_2006_11, Research Institute, International University of Japan.
    12. Charles Yuji Horioka, 2020. "Does the Selfish Life-Cycle Model Apply in the Case of Japan?," ISER Discussion Paper 1084, Institute of Social and Economic Research, Osaka University.
    13. Charles Yuji Horioka, 2020. "Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey," ISER Discussion Paper 1102, Institute of Social and Economic Research, Osaka University.
    14. Mordechai E. Schwarz, 2006. "Intergenerational Transfers: An Integrative Approach," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(1), pages 61-93, January.
    15. Andres Victorio, 2002. "Non-market insurance and intrafamily transfers," Applied Economics Letters, Taylor & Francis Journals, vol. 9(2), pages 99-102.
    16. Chadwick C. Curtis & Steven Lugauer & Nelson Mark, "undated". "Demographics and Aggregate Household Saving in Japan, China, and India," GRU Working Paper Series GRU_2016_010, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    17. Wakabayashi, Midori & Horioka, Charles Yuji, 2009. "Is the eldest son different? The residential choice of siblings in Japan," Japan and the World Economy, Elsevier, vol. 21(4), pages 337-348, December.
    18. Mark Rosenzweig & Andrew D. Foster, 1996. "Household Division, Inequality and Rural Economic Growth," Home Pages _074, University of Pennsylvania.
    19. Abe, Naohito & Yamada, Tomoaki, 2009. "Nonlinear income variance profiles and consumption inequality over the life cycle," Journal of the Japanese and International Economies, Elsevier, vol. 23(3), pages 344-366, September.
    20. Toshihiro Ihori & Ryuta Ray Kato & Masumi Kawade & Shun-ichiro Bessho, 2009. "Spousal Tax Deduction, Social Security System and the Labor Supply of Japanese Married Women," Working Papers EMS_2009_15, Research Institute, International University of Japan.
    21. Mauro Baranzini, 2005. "Modigliani's life-cycle theory of savings fifty years later," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 58(233-234), pages 109-172.
    22. Hayashi, Fumio, 1995. "Is the Japanese Extended Family Altruistically Linked? A Test Based on Engel Curves," Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 661-674, June.
    23. Chin-Oh Chang & Shu-Mei Chen & Tsur Somerville, 2003. "Economic and Social Status in Household Decision-making: Evidence Relating to Extended Family Mobility," Urban Studies, Urban Studies Journal Limited, vol. 40(4), pages 733-746, April.
    24. Xiangdan Piao, 2017. "Sweets or Alcohol? The Gender Battle within Japanese Families," Economics Bulletin, AccessEcon, vol. 37(1), pages 190-203.
    25. Benoît Rapoport, 2000. "Consumption Patterns in Extended Families: the Role of Guests in African Economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03773432, HAL.
    26. Toshinobu Matsuda, 2005. "Differential Demand Systems: A Further Look at Barten's Synthesis," Southern Economic Journal, John Wiley & Sons, vol. 71(3), pages 607-619, January.
    27. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1997. "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1121-1166, December.
    28. Akira Yakita, 2018. "Fertility and education decisions and child-care policy effects in a Nash-bargaining family model," Journal of Population Economics, Springer;European Society for Population Economics, vol. 31(4), pages 1177-1201, October.
    29. Christian Schluter & Jackline Wahba, 2010. "Are parents altruistic? Evidence from Mexico," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(3), pages 1025-1046, June.
    30. Akira Yakita, 2008. "Ageing and public capital accumulation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 15(5), pages 582-598, October.
    31. Anjini Kochar, 2000. "Parental Benefits from Intergenerational Coresidence: Empirical Evidence from Rural Pakistan," Journal of Political Economy, University of Chicago Press, vol. 108(6), pages 1184-1209, December.
    32. Eleni Karagiannaki & Tania Burchardt, 2024. "Living Arrangements, Intra-Household Inequality and Children’s Deprivation: Evidence from EU-SILC," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 17(5), pages 2319-2359, October.
    33. Francois-Charles Wolff & Seymour Spilerman & Claudine Attias-Donfut, 2005. "Do Parents Help More their Less Well-Off Children? Evidence from a Sample of Migrants to France," Microeconomics 0504001, University Library of Munich, Germany.
    34. Benoît Rapoport, 2000. "Why Do African Households Give Hospitality to Relatives?," Post-Print halshs-03718283, HAL.
    35. Benoît Rapoport, 2000. "Why Do African Households Give Hospitality to Relatives?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03718283, HAL.
    36. Meng, Annika, 2009. "Informal Home Care and Labor Force Participation of Household Members," Ruhr Economic Papers 152, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    37. Campbell, David W., 2004. "Explaining Japan's saving rate," Journal of Asian Economics, Elsevier, vol. 15(4), pages 797-815, August.
    38. Liliana E. Pezzin & Robert A. Pollak & Barbara S. Schone, 2015. "Bargaining Power, Parental Caregiving, and Intergenerational Coresidence," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 70(6), pages 969-980.
    39. Benoit Rapoport, 2000. "Consumption Patterns in Extended Families: the Role of Guests in African Economies," Cahiers de la Maison des Sciences Economiques bla00086, Université Panthéon-Sorbonne (Paris 1).
    40. Liliana E. Pezzin & Robert A. Pollak & Barbara S. Schone, 2006. "Efficiency in Family Bargaining: Living Arrangements and Caregiving Decisions of Adult Children and Disabled Elderly Parents," NBER Working Papers 12358, National Bureau of Economic Research, Inc.
    41. Charles Yuji Horioka, 2002. "Are the Japanese Selfish, Altruistic or Dynastic?," The Japanese Economic Review, Japanese Economic Association, vol. 53(1), pages 26-54, March.
    42. Ihori, Toshihiro & Kato, Ryuta Ray & Kawade, Masumi & Bessho, Shun-ichiro, 2011. "Health insurance reform and economic growth: Simulation analysis in Japan," Japan and the World Economy, Elsevier, vol. 23(4), pages 227-239.
    43. Makoto Saito, 2001. "An Empirical Investigation of Intergenerational Consumption Distribution: A Comparison among Japan, the United States, and the United Kingdom," NBER Chapters, in: Aging Issues in the United States and Japan, pages 135-168, National Bureau of Economic Research, Inc.
    44. Sonia Bhalotra, 2004. "Parent Altruism, Cash Transfers and Child Poverty," Bristol Economics Discussion Papers 04/561, School of Economics, University of Bristol, UK.
    45. Karagiannaki, Eleni & Burchardt, Tania, 2024. "Living arrangements, intra-household inequality and children's deprivation: evidence from EU-SILC," LSE Research Online Documents on Economics 123790, London School of Economics and Political Science, LSE Library.
    46. Mauro Baranzini, 2005. "Modigliani's life-cycle theory of savings fifty years later," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 58(233-234), pages 109-172.
    47. Benoît Rapoport, 2000. "Consumption Patterns in Extended Families: the Role of Guests in African Economies," Post-Print halshs-03773432, HAL.
    48. Miki Kohara & Fumio Ohtake, 2006. "Altruism and the Care of Elderly Parents: Evidence from Japanese Families," ISER Discussion Paper 0670, Institute of Social and Economic Research, Osaka University.
    49. Masahiro Hori & Nahoko Mitsuyama & Satoshi Shimizutani, 2016. "New Evidence on Intra-Household Allocation of Resources in Japanese Households," The Japanese Economic Review, Springer, vol. 67(1), pages 77-95, March.
    50. François‐Charles Wolff & Seymour Spilerman & Claudine Attias‐Donfut, 2007. "Transfers From Migrants To Their Children: Evidence That Altruism And Cultural Factors Matter," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 53(4), pages 619-644, December.
    51. Raut, Lakshmi K. & Tran, Lien H., 2005. "Parental human capital investment and old-age transfers from children: Is it a loan contract or reciprocity for Indonesian families?," Journal of Development Economics, Elsevier, vol. 77(2), pages 389-414, August.
    52. Benoît Rapoport, 2000. "Why Do African Households Give Hospitality to Relatives?," Cahiers de la Maison des Sciences Economiques bla00112, Université Panthéon-Sorbonne (Paris 1).
    53. Naoki TAKAYAMA, 2017. "Living Arrangements and Family Formation in Japan," ESRI Discussion paper series 340, Economic and Social Research Institute (ESRI).
    54. Sonia Bhalotra, 2004. "Early Childhood Investments in Human Capital: Parental Resources and Preferences," Bristol Economics Discussion Papers 04/562, School of Economics, University of Bristol, UK.
    55. Ito, Shinsuke & Dejima, Takahisa, 2020. "The Relationship between Household Type and Consumption Patterns in Japan: evidence from Japan's National Survey of Family Income and Expenditure," Discussion Paper Series 712, Institute of Economic Research, Hitotsubashi University.
    56. Emiko Takagi & Merril Silverstein, 2011. "Purchasing Piety? Coresidence of Married Children With Their Older Parents in Japan," Demography, Springer;Population Association of America (PAA), vol. 48(4), pages 1559-1579, November.

  14. Fumio Hayashi & Akihiko Matsui, 1994. "A Model of Fiat Money and Barter," NBER Working Papers 4919, National Bureau of Economic Research, Inc.

    Cited by:

    1. Matsui, Akihiko, 1998. "Strong Currency and Weak Currency," Journal of the Japanese and International Economies, Elsevier, vol. 12(4), pages 305-333, December.
    2. Randall Wright, 2005. "Introduction to \\"Models of Monetary Economies II: The Next Generation\\"," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 29(Oct), pages 2-9.
    3. R. Vijay Krishna, 2004. "Non-robustness of the Cash-in-advance Equilibrium in the Trading Post Model," Levine's Bibliography 122247000000000104, UCLA Department of Economics.
    4. Marvasti, A. & Smyth, David J., 1999. "The effect of barter on the demand for money: an empirical analysis," Economics Letters, Elsevier, vol. 64(1), pages 73-80, July.
    5. Sophie Brana & Mathilde Maurel, 1999. "Barter in Russia: Liquidity Shortage Versus Lack of Restructuring," Cahiers de la Maison des Sciences Economiques j99098, Université Panthéon-Sorbonne (Paris 1).
    6. Samuel E. Vazquez, 2009. "Scale Invariance, Bounded Rationality and Non-Equilibrium Economics," Papers 0902.3840, arXiv.org.
    7. Deck, Cary A. & McCabe, Kevin A. & Porter, David P., 2006. "Why stable fiat money hyperinflates: Results from an experimental economy," Journal of Economic Behavior & Organization, Elsevier, vol. 61(3), pages 471-486, November.
    8. George Selgin, 2003. "Adaptive Learning and the Transition to Fiat Money," Economic Journal, Royal Economic Society, vol. 113(484), pages 147-165, January.
    9. Edward J. Green, 2002. "Payment Arrangements and Inflation," American Economic Review, American Economic Association, vol. 92(2), pages 51-57, May.
    10. Jean-Paul Chavas & Daniel W. Bromley, 2008. "On the Origins and Evolving Role of Money," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 164(4), pages 624-651, December.
    11. Araujo, Luis & Camargo, Braz & Minetti, Raoul & Puzzello, Daniela, 2012. "The essentiality of money in environments with centralized trade," Journal of Monetary Economics, Elsevier, vol. 59(7), pages 612-621.

  15. Fumio Hayashi, 1991. "Measuring Depreciation For Japan: Rejoinder to Dekle and Summers," NBER Working Papers 3836, National Bureau of Economic Research, Inc.

    Cited by:

    1. Yoshida, Jiro, 2020. "The economic depreciation of real estate: Cross-sectional variations and their return implications," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
    2. Lopez, Luis A. & Yoshida, Jiro, 2022. "Estimating housing rent depreciation for inflation adjustments," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    3. Selahattin Imrohoroglu & Ayse Imrohoroglu & Kaiji Chen, 2006. "The Japanese Saving Rate," American Economic Review, American Economic Association, vol. 96(5), pages 1850-1858, December.

  16. Joseph Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1991. "Risk-sharing, altruism, and the factor structure of consumption," Discussion Paper / Institute for Empirical Macroeconomics 48, Federal Reserve Bank of Minneapolis.

    Cited by:

    1. Kjetil Storesletten & Chris Telmer & Amir Yaron, 2007. "Asset Pricing with Idiosyncratic Risk and Overlapping Generations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 519-548, October.
    2. Young Chun, 2001. "The Redistributive Effect of Risky Taxation," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 8(4), pages 433-454, August.
    3. Harold Alderman & Christina H. Paxson, 1994. "Do the Poor Insure? A Synthesis of the Literature on Risk and Consumption in Developing Countries," International Economic Association Series, in: Edmar L. Bacha (ed.), Economics in a Changing World, chapter 3, pages 48-78, Palgrave Macmillan.
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    5. Kjetil Storesletten & Chris I. Telmer & Amir Yaron, 2001. "How Important Are Idiosyncratic Shocks? Evidence from Labor Supply," American Economic Review, American Economic Association, vol. 91(2), pages 413-417, May.
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    1. Josef García Blandón & M?nica Martínez Blasco & Josef Argiles Bosch, 2011. "Ex-Dividend Day Returns when Dividend and Capital Gains are Taxed at the Same Rate," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 61(2), pages 140-152, June.
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    6. Peter Miu & Meng‐Lan Yueh, 2021. "A comment on “Determinants of Nikkei futures mispricing in international markets: Dividend clustering, currency risk, and transaction costs”," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 41(12), pages 2079-2082, December.
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    8. Miu, Peter & Yueh, Meng-Lan & Han, Jing, 2021. "Performance of Japanese leveraged ETFs," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
    9. Liljeblom, Eva & Loflund, Anders & Hedvall, Kaj, 2001. "Foreign and domestic investors and tax induced ex-dividend day trading," Journal of Banking & Finance, Elsevier, vol. 25(9), pages 1687-1716, September.

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    1. Timothy Erickson & Toni M. Whited, 2000. "Measurement Error and the Relationship between Investment and q," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 1027-1057, October.
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    10. Hidemichi Fujii & Kazuma Edamura & Koichi Sumikura & Yoko Furusawa & Naomi Fukuzawa & Shunsuke Managi, 2015. "How enterprise strategies are related to innovation and productivity change: an empirical study of Japanese manufacturing firms," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 24(3), pages 248-262, April.
    11. Shin-ichi Fukuda & Munehisa Kasuya & Jouchi Nakajima, 2018. "The Role of Corporate Governance in Japanese Unlisted Companies," CIRJE F-Series CIRJE-F-1081, CIRJE, Faculty of Economics, University of Tokyo.
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  21. Joseph G. Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1989. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," NBER Working Papers 3046, National Bureau of Economic Research, Inc.

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    3. Alessandro Balestrino & Lisa Grazzini & Annalisa Luporini, 2015. "A Normative Justification of Compulsory Education," CESifo Working Paper Series 5255, CESifo.
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    5. Claus Thustrup Kreiner & Søren Leth-Petersen & Louise Charlotte Willerslev-Olsen, 2020. "Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark," The Economic Journal, Royal Economic Society, vol. 130(625), pages 233-262.
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    7. Shiue, Carol, 2019. "Social Mobility in the Long Run: A Temporal Analysis of China from 1300 to 1900," CEPR Discussion Papers 13589, C.E.P.R. Discussion Papers.
    8. Laurence Kotlikoff & Felix Kubler & Andrey Polbin & Jeffrey Sachs & Simon Scheidegger, 2021. "Making Carbon Taxation A Generational Win Win," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(1), pages 3-46, February.
    9. Xavier Ragot, 2005. "A theory of low inflation in a non Ricardian economy with credit constraints," Working Papers halshs-00590788, HAL.
    10. Shelly Lundberg & Aloysius Siow, 2017. "Canadian contributions to family economics," Canadian Journal of Economics, Canadian Economics Association, vol. 50(5), pages 1304-1323, December.
    11. Benzell, Seth G. & Goryunov, Eugene & Kazakova, Marija & Kotlikoff, Laurence J. & LaGarda, Guillermo & Nesterova, Kristina & Zubarev, Andrey, 2015. "Simulating Russia’S And Other Large Economies’ Challenging And Interconnected Transitions," EconStor Preprints 121939, ZBW - Leibniz Information Centre for Economics.
    12. Hisahiro Naito, 2015. "Provision of Household Public Goods and the Household Income Distribution," Tsukuba Economics Working Papers 2015-004, Faculty of Humanities and Social Sciences, University of Tsukuba.
    13. David Roland-Holst & Finn Tarp, 2003. "De nouvelles perspectives pour l'efficacité de l'aide," Revue d’économie du développement, De Boeck Université, vol. 11(2), pages 151-180.
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    16. Mr. Jacques Bouhga-Hagbe, 2004. "A Theory of Workers' Remittances with An Application to Morocco," IMF Working Papers 2004/194, International Monetary Fund.
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    19. Manuel Arellano & Richard Blundell & Stéphane Bonhomme & Jack Light, 2024. "Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence," Post-Print hal-04536563, HAL.
    20. Andrew D. Foster & Mark R. Rosenzweig, 2001. "Imperfect Commitment, Altruism, And The Family: Evidence From Transfer Behavior In Low-Income Rural Areas," The Review of Economics and Statistics, MIT Press, vol. 83(3), pages 389-407, August.
    21. Filip Chybalski & Edyta Marcinkiewicz, 2024. "Grandparents “on board”: How they translate into the households’ fertility decisions," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 51(2), pages 233-250, June.
    22. Hochguertel , Stefan & Ohlsson, Henry, 2000. "Compensatory inter vivos gifts," Working Papers in Economics 31, University of Gothenburg, Department of Economics.
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    313. Beetsma, R. & Romp, W., 2016. "Intergenerational Risk Sharing," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 311-380, Elsevier.
    314. Rachel T. A. Croson, 2007. "Theories Of Commitment, Altruism And Reciprocity: Evidence From Linear Public Goods Games," Economic Inquiry, Western Economic Association International, vol. 45(2), pages 199-216, April.
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    316. Dalton, Michael & LaFave, Daniel, 2017. "Mitigating the consequences of a health condition: The role of intra- and interhousehold assistance," Journal of Health Economics, Elsevier, vol. 53(C), pages 38-52.
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    319. Corina Boar, 2021. "Dynastic Precautionary Savings [“Deconstructing Life Cycle Expenditure”]," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(6), pages 2735-2765.
    320. Andrea Salustri & Valeria De Bonis & Maria Alessandra Antonelli & Angelo Castaldo, 2023. "Poverty and social exclusion: which relationship with non-traditional household models?," Public Finance Research Papers 58, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
    321. Donald Cox & Beth J. Soldo, 2004. "Motivation for Money and Care that Adult Children Provide for Parents: Evidence from "Point-Blank" Survey Questions," Working Papers, Center for Retirement Research at Boston College 2004-17, Center for Retirement Research.
    322. Burcu Afyonoğlu Fazlıoğlu & Agustín Pérez-Barahona & Çağrı Sağlam, 2019. "Energy and Physical Capital: A Case of Non-classical Dynamics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(4), pages 1003-1022, April.
    323. Bee Boileau & David Sturrock, 2023. "What drives the timing of inter-vivos transfers?," IFS Working Papers W23/09, Institute for Fiscal Studies.
    324. Sonia Bhalotra, 2004. "Early Childhood Investments in Human Capital: Parental Resources and Preferences," Bristol Economics Discussion Papers 04/562, School of Economics, University of Bristol, UK.
    325. de la Briere, Benedicte & Sadoulet, Elisabeth & de Janvry, Alain & Lambert, Sylvie, 2002. "The roles of destination, gender, and household composition in explaining remittances: an analysis for the Dominican Sierra," Journal of Development Economics, Elsevier, vol. 68(2), pages 309-328, August.
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    327. Yashodhan Ghorpade, 2012. "Coping Strategies in Natural Disasters and under Conflict: A Review of Household Responses and Notes for Public Policy," HiCN Working Papers 136, Households in Conflict Network.
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    330. Jagadeesh Gokhale & Benjamin R. Page & John Sturrock, 1999. "Generational Accounts for the United States: An Update," NBER Chapters, in: Generational Accounting around the World, pages 489-518, National Bureau of Economic Research, Inc.
    331. Darong Dai & Liqun Liu & Guoqiang Tian, 2019. "Interregional redistribution and budget institutions with private information on intergenerational externality," Review of Economic Design, Springer;Society for Economic Design, vol. 23(3), pages 127-154, December.
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  22. Hall, Bronwyn H. & Hayashi, Fumio, 1989. "Research and Development as an Investment," Department of Economics, Working Paper Series qt8br8d266, Department of Economics, Institute for Business and Economic Research, UC Berkeley.

    Cited by:

    1. Mark Schankerman, 1991. "Revisions of Investment Plans and the Stock Market Rate of Return," STICERD - Economics of Industry Papers 05, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    2. Bronwyn H. Hall., 1999. "Innovation and Market Value," Economics Working Papers E99-265, University of California at Berkeley.
    3. Bronwyn H. Hall., 1992. "Investment and Research and Development at the Firm Level: Does the Source of Financing Matter?," Economics Working Papers 92-194, University of California at Berkeley.
    4. Zvi Griliches, 1998. "R&D and productivity: the unfinished business," Estudios de Economia, University of Chile, Department of Economics, vol. 25(2 Year 19), pages 145-160, December.
    5. Wendy Li & Bronwyn Hall, 2016. "Depreciation of Business R&D Capital," Working Papers id:11156, eSocialSciences.
    6. CATTARUZZO Sebastiano, 2020. "On R&D sectoral intensities and convergence clubs," JRC Working Papers on Corporate R&D and Innovation 2020-01, Joint Research Centre.
    7. Jaumandreu, Jordi & Doraszelski, Ulrich, 2008. "R&D and Productivity: Estimating Production Functions when Productivity is Endogenous," CEPR Discussion Papers 6636, C.E.P.R. Discussion Papers.
    8. Nguyen, Minh Hong & Trinh, Vu Quang, 2023. "U.K. economic policy uncertainty and innovation activities: A firm-level analysis," Journal of Economics and Business, Elsevier, vol. 123(C).
    9. Bronwyn H. Hall, 2006. "R&D, productivity and market value," IFS Working Papers W06/23, Institute for Fiscal Studies.
    10. Harhoff, Dietmar, 1996. "Are there financing constraints for R&D and investment in German manufacturing firms?," ZEW Discussion Papers 96-28, ZEW - Leibniz Centre for European Economic Research.
    11. Koutroumpis, Pantelis & Leiponen, Aija & Thomas, Llewellyn D W, 2017. "The Young, the Old and the Innovative: The Impact of R&D on Firm Performance in ICT versus Other Sectors," ETLA Working Papers 51, The Research Institute of the Finnish Economy.
    12. Bronwyn H. Hall, 1990. "The Impact of Corporate Restructuring on Industrial Research and Development," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 21(1990 Micr), pages 85-135.
    13. Siskos, Pelopidas & Capros, Pantelis & De Vita, Alessia, 2015. "CO2 and energy efficiency car standards in the EU in the context of a decarbonisation strategy: A model-based policy assessment," Energy Policy, Elsevier, vol. 84(C), pages 22-34.
    14. König, Heinz & Laisney, François & Lechner, Michael & Pohlmeier, Winfried, 1993. "On the dynamics of process innovative activity: an empirical investigation using panel data," ZEW Discussion Papers 93-08, ZEW - Leibniz Centre for European Economic Research.
    15. Alex Coad, 2017. "Persistent heterogeneity of R&D intensities within sectors: Evidence and policy implications," JRC Working Papers on Corporate R&D and Innovation 2017-04, Joint Research Centre.
    16. Laurie Hunter & Elizabeth Webster & Anne Wyatt, 2005. "Measuring Intangible Capital: A Review of Current Practice," Australian Accounting Review, CPA Australia, vol. 15(36), pages 4-21, July.
    17. Kaies Samet, 2010. "The creative intelligence," Working Papers hal-00512539, HAL.
    18. Bronwyn H. Hall & Clint Cumminq & Elizabeth S. Laderman & Joy Mundy, 1988. "The R&D Master File Documentation," NBER Technical Working Papers 0072, National Bureau of Economic Research, Inc.
    19. James R. Hines, Jr. & R. Glenn Hubbard & Joel Slemrod, 1993. "On the Sensitivity of R&D to Delicate Tax Changes: The Behavior of U. S. Multinationals in the 1980s," NBER Chapters, in: Studies in International Taxation, pages 149-194, National Bureau of Economic Research, Inc.
    20. Daniel J. Wilson, 2005. "Beggar thy neighbor? the in-state vs. out-of-state impact of state R&D tax credits," Working Paper Series 2005-08, Federal Reserve Bank of San Francisco.
    21. Klette, Tor Jakob & Møen, Jarle, 2011. "R&D investment responses to R&D subsidies: A theoretical analysis and a microeconometric study," Discussion Papers 2011/15, Norwegian School of Economics, Department of Business and Management Science.
    22. Bronwyn Hall, 1992. "R&D Tax Policy During the Eighties: Success or Failure?," NBER Working Papers 4240, National Bureau of Economic Research, Inc.
    23. Yicheng Wang, 2017. "Debt-Market Friction, Firm-specific Knowledge Capital Accumulation and Macroeconomic Implications," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 26, pages 19-39, October.
    24. Saul Lach & Rafael Rob, 1996. "R&D, Investment, and Industry Dynamics," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 5(2), pages 217-249, June.
    25. Chen, Zhiyuan & Zhang, Jie & Zi, Yuan, 2021. "A cost-benefit analysis of R&D and patents: Firm-level evidence from China," European Economic Review, Elsevier, vol. 133(C).
    26. Maliranta, Mika & Määttänen, Niku, 2013. "Allocation and industry productivity: Accounting for firm turnover," ETLA Working Papers 11, The Research Institute of the Finnish Economy.
    27. James D. Adams & J. Roger Clemmons & Paula E. Stephan, 2006. "How Rapidly Does Science Leak Out?," NBER Working Papers 11997, National Bureau of Economic Research, Inc.
    28. Giovanni Cerulli & Bianca Poti', 2016. "Explaining firm sensitivity to R&D subsidies within a dose-response model: The role of financial constraints, real cost of investment, and strategic value of R&D," DEM Working Papers 2016/09, Department of Economics and Management.
    29. Mark Schankerman, 1991. "Revisions and Investment Plans and the Stock Market Rate of Return," NBER Working Papers 3937, National Bureau of Economic Research, Inc.
    30. Kaies Samet, 2010. "The creative intelligence," Working paper serie RMT - Grenoble Ecole de Management hal-00512539, HAL.
    31. Aurora A. C. Teixeira, 2004. "How Has the Portuguese Innovation Capability Evolved? Estimating a Time Series of the Stock of Technological Knowledge, 1960-2001," FEP Working Papers 153, Universidade do Porto, Faculdade de Economia do Porto.

  23. Fumio Hayashi & Takatoshi Ito & Joel Slemrod, 1987. "Housing Finance Imperfections and Private Saving: A Comparative Simulation Analysis of the U.S. and Japan," NBER Working Papers 2272, National Bureau of Economic Research, Inc.

    Cited by:

    1. Thomas A. Barthold & Takatoshi Ito, 1991. "Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison," Discussion Paper Series a233, Institute of Economic Research, Hitotsubashi University.
    2. Yoshida, Jiro, 2020. "The economic depreciation of real estate: Cross-sectional variations and their return implications," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
    3. Selahattin Imrohoroglu & Ayse Imrohoroglu & Kaiji Chen, 2006. "The Japanese Saving Rate," American Economic Review, American Economic Association, vol. 96(5), pages 1850-1858, December.
    4. Renaud, Bertrand & INU, 1988. "Compounding financial repression with rigid urban regulations : lessons of the Korea housing market," Policy Research Working Paper Series 360, The World Bank.
    5. Yoshida, Jiro, 2016. "Structure Depreciation and the Production of Real Estate Services," HIT-REFINED Working Paper Series 44, Institute of Economic Research, Hitotsubashi University.
    6. Andrew Coleman, 2008. "Tax, Credit Constraints, and the Big Costs of Small Inflation," Working Papers 08_14, Motu Economic and Public Policy Research.
    7. Kaiji Chen & Ayşe İmrohoroğlu & Selahattin İmrohoroğlu, 2007. "The Japanese saving rate between 1960 and 2000: productivity, policy changes, and demographics," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 32(1), pages 87-104, July.
    8. Yanbin Chen & Fangxing Li & Zhesheng Qiu, 2013. "Housing and Saving with Finance Imperfection," Annals of Economics and Finance, Society for AEF, vol. 14(1), pages 207-248, May.

  24. Fumio Hayashi, 1985. "Tests for Liquidity Constraints: A Critical Survey," NBER Working Papers 1720, National Bureau of Economic Research, Inc.

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    1. Willem H. Buiter, 1997. "Generational Accounts, Aggregate Saving and Intergenerational Distribution," Economica, London School of Economics and Political Science, vol. 64(256), pages 605-626, November.
    2. Schmidt-Hebbel, Klaus & Serven, Luis, 1994. "Fiscal policy in classical and Keynesian open economies," Policy Research Working Paper Series 1299, The World Bank.
    3. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1992. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," American Economic Review, American Economic Association, vol. 82(5), pages 1177-1198, December.
    4. Benjamin, Catherine & Phimister, Euan, 2001. "Imperfection du marché du capital et investissement des exploitations agricoles," L'Actualité Economique, Société Canadienne de Science Economique, vol. 77(3), pages 357-383, septembre.
    5. Michel Guillard, 1992. "Déséquilibres macro-économiques et rationnement du crédit," Revue Économique, Programme National Persée, vol. 43(6), pages 1071-1105.
    6. Catherine Benjamin & Euan Phimister, 2002. "Does Capital Market Structure Affect Farm Investment? A Comparison using French and British Farm-Level Panel Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(4), pages 1115-1129.
    7. Midori Wakabayashi & Charles Yuji Horioka, 2005. "Borrowing Constraints and Consumption Behavior in Japan," ISER Discussion Paper 0640, Institute of Social and Economic Research, Osaka University.
    8. Leonardo Leiderman & Assaf Razin, 1987. "Testing Ricardian Neutrality with an Intertemporal Stochastic Model," NBER Working Papers 2258, National Bureau of Economic Research, Inc.
    9. Pedersen, Karsten N., 1991. "Intertemporal substitution in consumption : evidence for some high- and middle-income countries," Policy Research Working Paper Series 641, The World Bank.
    10. Waqas, Muhamad & Awan, Masood Sarwar & Aslam, Muhammad Amir, 2011. "We are living on the cost of our children," MPRA Paper 32044, University Library of Munich, Germany.
    11. Reinhart, Carmen, 1991. "Fiscal Policy, the Real Exchange Rate, and Commodity Prices," MPRA Paper 8197, University Library of Munich, Germany.
    12. B. Douglas Bernheim, 1999. "Taxation and Saving," NBER Working Papers 7061, National Bureau of Economic Research, Inc.
    13. Marian Rizov, 2004. "Firm investment in transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 12(4), pages 721-746, December.
    14. Jerry A. Hausman & James M. Poterba, 1987. "Household Behavior and the Tax Reform Act of 1986," NBER Working Papers 2120, National Bureau of Economic Research, Inc.
    15. Charles Yuji Horioka, 2020. "Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey," ISER Discussion Paper 1102, Institute of Social and Economic Research, Osaka University.
    16. Orazio P. Attanasio & Hamish Low, 2004. "Estimating Euler Equations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(2), pages 405-435, April.
    17. Catherine C. Benjamin & Euan Phimister & . Royal Economic Society,londres (gbr), 1999. "Does loan type affect investment ? A comparison using French and British farm level panel data [Influence des sources de financements sur les décisions d'investissement des exploitations agricoles.," Post-Print hal-02838149, HAL.
    18. Charles Grant, 2000. "Bankruptcy, Credit Constraints, and Insurance: Some Empirics," CSEF Working Papers 40, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    19. Elizabeth M. Caucutt & Selahattin Imrohoroglu & Krishna B. Kumar, 2003. "Growth and Welfare Analysis of Tax Progressivity in a Heterogeneous-Agent Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(3), pages 546-577, July.
    20. Gábor P. Kiss, 2007. "One-off and off-budget items: An alternative approach," MNB Conference Volume, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 1(1), pages 18-27, December.
    21. Börsch-Supan, Axel & Brugiavini, Agar, 2000. "Savings: The Policy Debate in Europe," Sonderforschungsbereich 504 Publications 01-14, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    22. Laurence J. Kotlikoff, 2001. "Generational Policy," NBER Working Papers 8163, National Bureau of Economic Research, Inc.
    23. Laurence J. Kotlikoff & Laurence J. Kotlikoff & Willi Leibfritz, 1999. "From Deficit Delusion to the Fiscal Balance Rule: Looking for an Economically Meaningful Way to Assess Fiscal Policy," NBER Chapters, in: Generational Accounting around the World, pages 9-30, National Bureau of Economic Research, Inc.
    24. Robert J. Barro, 1988. "The Ricardian Approach to Budget Deficits," Working Paper 728, Economics Department, Queen's University.
    25. John H. Cochrane & Lars Peter Hansen, 1992. "Asset Pricing Explorations for Macroeconomics," NBER Chapters, in: NBER Macroeconomics Annual 1992, Volume 7, pages 115-182, National Bureau of Economic Research, Inc.
    26. Eun Young Chah & Valerie A. Ramey & Ross M. Starr, 1991. "Liquidity Constraints and Intertemporal Consumer Optimization: Theory and Evidence From Durable Goods," NBER Working Papers 3907, National Bureau of Economic Research, Inc.
    27. Lopez, Ramon E. & Islam, Asif M., 2008. "When Government Spending Serves the Elites: Consequences for Economic Growth in a Context of Market Imperfections," Working Papers 45875, University of Maryland, Department of Agricultural and Resource Economics.
    28. B. Douglas Bernheim, 1987. "Ricardian Equivalence: An Evaluation of Theory and Evidence," NBER Chapters, in: NBER Macroeconomics Annual 1987, Volume 2, pages 263-316, National Bureau of Economic Research, Inc.
    29. Orazio P. Attanasio, 1994. "The Intertemporal Allocation of Consumption: Theory and Evidence," NBER Working Papers 4811, National Bureau of Economic Research, Inc.
    30. Hernando Zuleta, 2015. "Factor Shares, Inequality and Capital Flows," Documentos CEDE 13132, Universidad de los Andes, Facultad de Economía, CEDE.
    31. Winter, Christoph & Röhrs, Sigrid, 2014. "Public versus Private Provision of Liquidity: Is There a Trade-Off?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100419, Verein für Socialpolitik / German Economic Association.
    32. James M. Nason, 1991. "The permanent income hypothesis when the bliss point is stochastic," Discussion Paper / Institute for Empirical Macroeconomics 46, Federal Reserve Bank of Minneapolis.
    33. POZZI Lorenzo & HEYLEN Freddy & DOSSCHE Maarten, 2010. "Government Debt and the Excess Sensitivity of Private Consumption to Current Income: An Empirical Analysis for OECD Countries," EcoMod2003 330700125, EcoMod.
    34. Davies, Simon & Easaw, Joshy & Ghoshray, Atanu, 2006. "Mental Accounting and Remittances: A Study of Malawian Households," MPRA Paper 3603, University Library of Munich, Germany.
    35. Jerry Green & Laurence J. Kotlikoff, 2006. "On the General Relativity of Fiscal Language," NBER Working Papers 12344, National Bureau of Economic Research, Inc.
    36. Viegas, Miguel & Ribeiro, Ana Paula, 2013. "Welfare-improving government behavior and inequality in a heterogeneous agents model," Journal of Macroeconomics, Elsevier, vol. 37(C), pages 146-160.
    37. Sebastian Edwards, 1995. "Why are Saving Rates so Different Across Countries?: An International Comparative Analysis," NBER Working Papers 5097, National Bureau of Economic Research, Inc.
    38. Joshua Aizenman, 1986. "Country Risk, Asymmetric Information and Domestic Policies," NBER Working Papers 1880, National Bureau of Economic Research, Inc.
    39. Brunila, Anne, 1997. "Current income and private consumption: Saving decisions: Testing the finite horizon model," Bank of Finland Research Discussion Papers 6/1997, Bank of Finland.
    40. Andrew B. Abel, 1988. "Consumption and Investment," NBER Working Papers 2580, National Bureau of Economic Research, Inc.
    41. James R. Follain, 1990. "Mortgage Choice†," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 18(2), pages 125-144, June.
    42. Albert Ando & Sergio Nicoletti-Altimari, 2004. "A micro simulation model of demographic development and households' economic behavior in Italy," Temi di discussione (Economic working papers) 533, Bank of Italy, Economic Research and International Relations Area.
    43. Elin Halvorsen, 2003. "Financial Deregulation and Household Saving. The Norwegian Experience Revisited," Discussion Papers 361, Statistics Norway, Research Department.
    44. Hannes Kaadu & Lenno Uuskula, 2004. "Liquidity Constrains and Ricardian Equivalence in Estonia," Bank of Estonia Working Papers 2004-7, Bank of Estonia, revised 10 Oct 2004.
    45. Muellbauer, John, 2008. "Housing, Credit and Consumer Expenditure," CEPR Discussion Papers 6782, C.E.P.R. Discussion Papers.
    46. R. Glenn Hubbard & Kenneth L. Judd, 1987. "Finite Lifetimes, Borrowing Constraints, and Short-Run Fiscal Policy," NBER Working Papers 2158, National Bureau of Economic Research, Inc.
    47. Edward J. Green & Soo-Nam Oh, 1991. "Contracts, constraints, and consumption," Staff Report 143, Federal Reserve Bank of Minneapolis.
    48. Stacey L. Schreft & Anne P. Villamil, 1990. "Liquidity constraints in commercial loan markets with imperfect information and imperfect competition," Working Paper 90-10, Federal Reserve Bank of Richmond.
    49. Attanasio, Orazio P & Weber, Guglielmo, 1995. "Is Consumption Growth Consistent with Intertemporal Optimization? Evidence from the Consumer Expenditure Survey," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1121-1157, December.
    50. Edward J. Green & Soo-Nam Oh, 1991. "Can a \\"credit crunch\\" be efficient?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 15(Fall), pages 3-17.
    51. Javier Díaz-Giménez & Luis Puch, 1998. "Borrowing constraints in economies with household capital and banking: an application to the Spanish housing market (1982-1988)," Investigaciones Economicas, Fundación SEPI, vol. 22(3), pages 469-499, September.
    52. Tatsuji Hayakawa & Paul Zak, 2002. "Debt, Death and Taxes," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 9(2), pages 157-173, March.
    53. Schmidt-Hebbel, Klaus & Serven, Luis, 1996. "Income inequality and aggregate saving : the cross-country evidence," Policy Research Working Paper Series 1561, The World Bank.
    54. Joseph Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1991. "Risk-sharing, altruism, and the factor structure of consumption," Discussion Paper / Institute for Empirical Macroeconomics 48, Federal Reserve Bank of Minneapolis.
    55. Patrick Artus & Florence Legros & Éric Bleuze & Jean-Paul Nicolaï, 1991. "Épargne des ménages, choix de portefeuille et fiscalité en France," Revue Économique, Programme National Persée, vol. 42(4), pages 663-700.
    56. Li Lin, 2014. "Optimal loan-to-value ratio and the efficiency gains of default," Annals of Finance, Springer, vol. 10(1), pages 47-69, February.

  25. Fumio Hayashi, 1985. "Taxes and Corporate Investment in Japanese Manufacturing," NBER Working Papers 1753, National Bureau of Economic Research, Inc.

    Cited by:

    1. Fumio Hayashi & Tohru Inoue, 1990. "The Relation Between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms," NBER Working Papers 3326, National Bureau of Economic Research, Inc.

  26. Fumio Hayashi, 1984. "The Permanent Income Hypothesis and Consumption Durability: Analysis Based on Japanese Panel Data," NBER Working Papers 1305, National Bureau of Economic Research, Inc.

    Cited by:

    1. Hibiki Ichiue & Shusaku Nishiguchi, 2013. "Inflation Expectations and Consumer Spending at the Zero Bound: Micro Evidence," Bank of Japan Working Paper Series 13-E-11, Bank of Japan.
    2. Bayoumi, Tamim & Masson, Paul R & Samiei, Hossein, 1996. "International Evidence on the Determinants of Saving," CEPR Discussion Papers 1368, C.E.P.R. Discussion Papers.
    3. Dunn, Wendy E., 2003. "The effects of precautionary saving motives on (S,s) bands for home purchases," Regional Science and Urban Economics, Elsevier, vol. 33(4), pages 467-488, July.
    4. Potter, Tristan, 2022. "Down the Rabbit Hole: Habit-formation in Internet Use among Unemployed Workers," School of Economics Working Paper Series 2022-4, LeBow College of Business, Drexel University.
    5. Hirokazu Ishise Nao Sudo, 2013. "Inventory-Theoretic Money Demand and Relative Price Dynamics," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(2-3), pages 299-326, March.
    6. Deniz Aydin, 2015. "The marginal propensity to consume out of liquidity: Evidence from a randomized controlled trial," 2015 Meeting Papers 270, Society for Economic Dynamics.
    7. Enrichetta Ravina, 2005. "Keeping Up with the Joneses: Evidence from Micro Data," 2005 Meeting Papers 557, Society for Economic Dynamics.
    8. Thomas J. Kniesner & James P. Ziliak, 2000. "Tax Reform and Automatic Stabilization," JCPR Working Papers 165, Northwestern University/University of Chicago Joint Center for Poverty Research.
    9. Muellbauer, John & Murata, Keiko, 2009. "Consumption, Land Prices and the Monetary Transmission Mechanism in Japan," CEPR Discussion Papers 7269, C.E.P.R. Discussion Papers.
    10. Hai, Rong & Krueger, Dirk & Postlewaite, Andrew, 2013. "On the welfare cost of consumption fluctuations in the presence of memorable goods," CFS Working Paper Series 2013/24, Center for Financial Studies (CFS).
    11. Joseph G. Altonji & Ana Paula Martins & Aloysius Siow, 1987. "Dynamic Factor Models of Consumption, Hours, and Income," NBER Working Papers 2155, National Bureau of Economic Research, Inc.
    12. Kohara, Miki & Ohtake, Fumio & Saito, Makoto, 2002. "A Test of the Full Insurance Hypothesis: The Case of Japan," Journal of the Japanese and International Economies, Elsevier, vol. 16(3), pages 335-352, September.
    13. Wen-Ya Chang & Hsueh-Fang Tsai & Ching-Chong Lai, 1999. "The Steady-State Effects of Income Taxation with Endogenous Time Preference," Public Finance Review, , vol. 27(6), pages 648-664, November.
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    817. Mykhayliv, Dariya & Zauner, Klaus G., 2013. "Investment behavior and ownership structures in Ukraine: Soft budget constraints, government ownership and private benefits of control," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 265-278.
    818. Matthias Kredler, 2005. "Bayesian Estimation of a Dynamic Partial-Equilibrium Model for Investment," Econometrics 0509003, University Library of Munich, Germany.
    819. Graziano, Marcello & Lecca, Patrizio & Musso, Marta, 2017. "Historic paths and future expectations: The macroeconomic impacts of the offshore wind technologies in the UK," Energy Policy, Elsevier, vol. 108(C), pages 715-730.
    820. Karen Mills & Steven Morling & Warren Tease, 1994. "The Influence of Financial Factors on Corporate Investment," RBA Research Discussion Papers rdp9402, Reserve Bank of Australia.
    821. Kim, Jinill, 2003. "Functional equivalence between intertemporal and multisectoral investment adjustment costs," Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 533-549, February.
    822. Fehr, Hans & Wiegard, Wolfgang, 1996. "Numerische Gleichgewichtsmodelle: Grundstruktur, Anwendungen und Erkenntnisgehalt," Tübinger Diskussionsbeiträge 75, University of Tübingen, School of Business and Economics.
    823. Min Dai & Xavier Giroud & Wei Jiang & Neng Wang, 2024. "A q$q$ Theory of Internal Capital Markets," Journal of Finance, American Finance Association, vol. 79(2), pages 1147-1197, April.
    824. Balke, Nathan S. & Martínez-García, Enrique & Zeng, Zheng, 2021. "In no uncertain terms: The effect of uncertainty on credit frictions and monetary policy," Economic Modelling, Elsevier, vol. 100(C).
    825. Bovenberg, A.L. & Goulder, L.H., 1993. "Promoting investment under international capital mobility : An intertemporal general equilibrium analysis," Other publications TiSEM 3d211075-2c03-478d-b657-7, Tilburg University, School of Economics and Management.
    826. Michael T. Kiley, 1999. "Computers and growth with costs of adjustment: will the future look like the past?," Finance and Economics Discussion Series 1999-36, Board of Governors of the Federal Reserve System (U.S.).
    827. Dai, Meixing, 1992. "Growth, External Debt Constraints and Budgetary Policies," MPRA Paper 14001, University Library of Munich, Germany.
    828. Huang, Wenli & Liu, Bo & Wang, Hongli & Yang, Jinqiang, 2019. "Dynamic optimal investment policy under incomplete information," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    829. Daniele Girardi, 2017. "Old and new formulations of the neoclassical theory of aggregate investment : a critical review," UMASS Amherst Economics Working Papers 2017-03, University of Massachusetts Amherst, Department of Economics.
    830. Jaimin Goh & Wonwook Choi & Jungeun Cho, 2016. "Changes in chaebol firms’ overinvestment after the Asian financial crisis: a long-term perspective," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 23(1), pages 75-111, March.
    831. Per-Olof Bjuggren, 2016. "Marginal q revisited," Applied Economics, Taylor & Francis Journals, vol. 48(1), pages 52-58, January.
    832. Takao Kobayashi & Risa Sai, 2009. "Investment Frictions versus Financing Frictions," CARF F-Series CARF-F-153, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    833. Jonathan N. Millar, 2005. "Gestation lags for capital, cash flows, and Tobin's Q," Finance and Economics Discussion Series 2005-24, Board of Governors of the Federal Reserve System (U.S.).
    834. Cuthbertson, K. & Gasparro, D., 1995. "Fixed investment decisions in UK manufacturing: The importance of Tobin's Q, output and debt," European Economic Review, Elsevier, vol. 39(5), pages 919-941, May.
    835. Chirinko, Robert S., 1995. "Nonconvexities, labor hoarding, technology shocks, and procyclical productivity a structural econometric analysis," Journal of Econometrics, Elsevier, vol. 66(1-2), pages 61-98.
    836. Fernando Lefort & Eduardo Walker, 2005. "The Effect of Corporate Governance Practices on Company Market Valuation and Payout Policy in Chile," Research Department Publications 3210, Inter-American Development Bank, Research Department.
    837. Yap, Yee Jiun & Luckraz, Shravan & Tey, Siew Kian, 2014. "Long-term research and development incentives in a dynamic Cournot duopoly," Economic Modelling, Elsevier, vol. 39(C), pages 8-18.
    838. Pedro Gomis-Porqueras & Adrian Peralta-Alva, 2008. "A macroeconomic analysis of obesity," Working Papers 2008-017, Federal Reserve Bank of St. Louis.
    839. Miao, Jianjun & Wang, Pengfei, 2014. "Sectoral bubbles, misallocation, and endogenous growth," Journal of Mathematical Economics, Elsevier, vol. 53(C), pages 153-163.
    840. De Bruin, Kelly C & Yakut, Aykut Mert, 2019. "The effects of an incremental increase in the Irish carbon tax towards 2030," Papers WP619, Economic and Social Research Institute (ESRI).
    841. Jin (Ginger) Wu & Lu Zhang & X. Frank Zhang, 2010. "The q‐Theory Approach to Understanding the Accrual Anomaly," Journal of Accounting Research, Wiley Blackwell, vol. 48(1), pages 177-223, March.
    842. Demetrios Eliades & Olaf Weeken, 2005. "The stock market and capital accumulation: an application to UK data," Bank of England working papers 251, Bank of England.
    843. Wang, Qiao & Balvers, Ronald, 2021. "Determinants and predictability of commodity producer returns," Journal of Banking & Finance, Elsevier, vol. 133(C).
    844. Valencia, Oscar & Angarita, Matilde & Santaella, Juan & De Castro, Marcela, 2020. "Do Immigrants Bring Fiscal Dividends?: The Case of Venezuelan Immigration in Colombia," IDB Publications (Working Papers) 10958, Inter-American Development Bank.
    845. Corrado Luisa & Holly Sean & Turner Paul, 2002. "Nonlinearities and Inactivity in Aggregate Investment: Some Theoretical Analysis and Time-Series Evidence," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 5(4), pages 1-21, January.
    846. Bhandari, Avishek & Javakhadze, David, 2017. "Corporate social responsibility and capital allocation efficiency," Journal of Corporate Finance, Elsevier, vol. 43(C), pages 354-377.
    847. Steven A. Sharpe & Gustavo A. Suarez, 2021. "Why Isn’t Business Investment More Sensitive to Interest Rates? Evidence from Surveys," Management Science, INFORMS, vol. 67(2), pages 720-741, February.
    848. Shuangling, Zhao & Guohua, Cao & Lijuan, Wu, 2019. "Tangible and intangible investment in corporate finance," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    849. Hansen, Sten, 1999. "Agency Costs, Credit Constraints and Corporate Investment," Working Paper Series 79, Sveriges Riksbank (Central Bank of Sweden).
    850. Chen, Yan-Shing & Chen, I-Ju, 2013. "The impact of labor unions on investment-cash flow sensitivity," Journal of Banking & Finance, Elsevier, vol. 37(7), pages 2408-2418.
    851. Varouj Aivazian & Dipak Mazumdar & Eric Santor, 2003. "Financial Constraints and Investment: Assessing the Impact of a World Bank Loan Program on Small and Medium-Sized Enterprises in Sri Lanka," Staff Working Papers 03-37, Bank of Canada.

  29. Fumio Hayashi & Christopher Sims, 1980. "Efficient Estimation of Time Series Models with Predetermined," Discussion Papers 450, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

    Cited by:

    1. Casey B. Mulligan, 2002. "Capital, Interest, and Aggregate Intertemporal Substitution," NBER Working Papers 9373, National Bureau of Economic Research, Inc.
    2. Michael Funke, 2005. "Inflation in Mainland China - Modelling a Roller Coaster Ride," Quantitative Macroeconomics Working Papers 20507, Hamburg University, Department of Economics.
    3. Hakhu, Antra Bhatt, 2015. "Productive Public Expenditure and Debt Dynamics: An Error Correction Representation using Indian Data," Working Papers 15/149, National Institute of Public Finance and Policy.

  30. Fumio Hayashi, 1980. "Estimation of Macroeconometric Models Under Rational Expectations: A Survey," Discussion Papers 444, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

    Cited by:

    1. Karp, Larry S. & Shumway, C. Richard, 1984. "Issues And Methods In Estimating Adjustment Costs," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 13(2), pages 1-8, October.
    2. Tsai, Grace Yueh-Hsiang, 1989. "A dynamic model of the U.S. cotton market with rational expectations," ISU General Staff Papers 1989010108000012168, Iowa State University, Department of Economics.
    3. Peter M. Garber & Robert G. King, 1983. "Deep Structral Excavation? A Critique of Euler Equation Methods," NBER Technical Working Papers 0031, National Bureau of Economic Research, Inc.
    4. Thomas C. Glaessner, 1982. "The modern theory of forward foreign exchange: some new consistent estimates under rational expectations," International Finance Discussion Papers 206, Board of Governors of the Federal Reserve System (U.S.).

  31. Fumio Hayashi, 1979. "The Permanent Income Hypothesis: Estimation and Testing," Discussion Papers 484, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

    Cited by:

    1. Fumio Hayashi, 1982. "The Effect of Liquidity Constraints on Consumption: Cross-Sectional Analysis," Discussion Papers 516, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    2. Olivier J. Blanchard & Mark W. Watson, 1984. "Are Business Cycles All Alike?," NBER Working Papers 1392, National Bureau of Economic Research, Inc.
    3. Carl E. Walsh, 1986. "Borrowing restrictions and wealth constraints: implications for aggregate consumption," Working Papers in Applied Economic Theory 86-06, Federal Reserve Bank of San Francisco.
    4. Jeffrey A. Miron, 1986. "Seasonal Fluctuations and the Life Cycle-Permanent Income Model of Consumption," NBER Working Papers 1845, National Bureau of Economic Research, Inc.
    5. Muellbauer, John, 2008. "Housing, Credit and Consumer Expenditure," CEPR Discussion Papers 6782, C.E.P.R. Discussion Papers.
    6. R. Glenn Hubbard & Kenneth L. Judd, 1987. "Finite Lifetimes, Borrowing Constraints, and Short-Run Fiscal Policy," NBER Working Papers 2158, National Bureau of Economic Research, Inc.
    7. António Afonso, 2001. "Government indebtedness and european consumers behaviour," Working Papers Department of Economics 2001/12, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    8. Islam, Roumeen & Wetzel, Deborah L., 1991. "The macroeconomics of public sector deficits : the case of Ghana," Policy Research Working Paper Series 672, The World Bank.

Articles

  1. Fumio Hayashi & Junko Koeda, 2019. "Exiting from quantitative easing," Quantitative Economics, Econometric Society, vol. 10(3), pages 1069-1107, July.

    Cited by:

    1. Sophocles Mavroeidis, 2021. "Identification at the Zero Lower Bound," Econometrica, Econometric Society, vol. 89(6), pages 2855-2885, November.
    2. Hirokuni Iiboshi & Mototsugu Shintani & Kozo Ueda, 2018. "Estimating a Nonlinear New Keynesian Model with a Zero Lower Bound for Japan," Working Papers e120, Tokyo Center for Economic Research.
    3. Maciej Stefański, 2021. "Macroeconomic Effects of Quantitative Easing Using Mid-sized Bayesian Vector Autoregressions," KAE Working Papers 2021-068, Warsaw School of Economics, Collegium of Economic Analysis.
    4. Hiroyuki Kubota & Mototsugu Shintani, 2023. "Macroeconomic Effects of Monetary Policy in Japan: An Analysis Using Interest Rate Futures Surprises," CARF F-Series CARF-F-555, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    5. Carvalho, Alexandre & Valle e Azevedo, João & Pires Ribeiro, Pedro, 2024. "Permanent and temporary monetary policy shocks and the dynamics of exchange rates," Journal of International Economics, Elsevier, vol. 147(C).
    6. Toshitaka Sekine & Frank Packer & Shunichi Yoneyama, 2022. "Individual Trend Inflation," Working Papers on Central Bank Communication 042, University of Tokyo, Graduate School of Economics.
    7. Niwa, Hidekazu, 2024. "A fiscal theory of central bank’s solvency: Perils of the quantitative and qualitative monetary easing," Japan and the World Economy, Elsevier, vol. 70(C).
    8. Kirstin Hubrich & Daniel F. Waggoner, 2022. "The transmission of financial shocks and leverage of financial institutions: An endogenous regime switching framework," Finance and Economics Discussion Series 2022-034, Board of Governors of the Federal Reserve System (U.S.).
    9. Morita, Hiroshi, 2020. "Empirical Analysis on the Effects of Japanese Fiscal Policy under the Effective Lower Bound," Discussion paper series HIAS-E-97, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    10. Koeda, Junko & Sekine, Atsushi, 2022. "Nelson–Siegel decay factor and term premia in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 64(C).
    11. Deniz Erdemlioglu & Christopher J. Neely & Xiye Yang, 2023. "Systemic Tail Risk: High-Frequency Measurement, Evidence and Implications," Working Papers 2023-016, Federal Reserve Bank of St. Louis.
    12. Hiroyuki Kubota & Mototsugu Shintani, 2020. "High-frequency Identification of Unconventional Monetary Policy Shocks in Japan," CARF F-Series CARF-F-502, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    13. Basu, Parantap & Wada, Kenji, 2023. "Unconventional monetary policy and the bond market in Japan: A new Keynesian perspective," Japan and the World Economy, Elsevier, vol. 67(C).
    14. Meng, Xiangcai & Huang, Chia-Hsing, 2021. "The time-frequency analysis of conventional and unconventional monetary policy: Evidence from Japan," Japan and the World Economy, Elsevier, vol. 59(C).

  2. Hayashi, Fumio, 2018. "Computing equilibrium bond prices in the Vayanos-Vila model," Research in Economics, Elsevier, vol. 72(2), pages 181-195.

    Cited by:

    1. Robin Greenwood & Samuel Hanson & Dimitri Vayanos, 2023. "Supply and Demand and the Term Structure of Interest Rates," NBER Working Papers 31879, National Bureau of Economic Research, Inc.
    2. Vayanos, Dimitri & Vila, Jean-Luc, 2021. "A preferred-habitat model of the term structure of interest rates," LSE Research Online Documents on Economics 106509, London School of Economics and Political Science, LSE Library.
    3. Hosono, Kaoru & Miyakawa, Daisuke & Watanabe, Shuji, 2023. "Pricing implications of intervention and debt management in the primary market of Japanese government bonds," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).

  3. Gary B. Gorton & Fumio Hayashi & K. Geert Rouwenhorst, 2013. "The Fundamentals of Commodity Futures Returns," Review of Finance, European Finance Association, vol. 17(1), pages 35-105.
    See citations under working paper version above.
  4. Stephen Gilmore & Fumio Hayashi, 2012. "Corrigendum: Emerging Market Currency Excess Returns," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(1), pages 283-283, January.

    Cited by:

    1. Lumengo Bonga-Bonga & Tebogo Maake, 2021. "The Relationship between Carry Trade and Asset Markets in South Africa," JRFM, MDPI, vol. 14(7), pages 1-13, July.

  5. Stephen Gilmore & Fumio Hayashi, 2011. "Emerging Market Currency Excess Returns," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(4), pages 85-111, October.
    See citations under working paper version above.
  6. Fumio Hayashi & Edward C. Prescott, 2008. "The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy," Journal of Political Economy, University of Chicago Press, vol. 116(4), pages 573-632, August.
    See citations under working paper version above.
  7. Hayashi, Fumio & Nomura, Koji, 2005. "Can IT be Japan's savior?," Journal of the Japanese and International Economies, Elsevier, vol. 19(4), pages 543-567, December.
    See citations under working paper version above.
  8. Fumio Hayashi, 2002. "Commentary : Is there a role for discretionary fiscal policy?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 163-172.

    Cited by:

    1. Alan J. Auerbach & Maurice Obstfeld, 2004. "Monetary and Fiscal Remedies for Deflation," American Economic Review, American Economic Association, vol. 94(2), pages 71-75, May.
    2. Kenneth Lewis & Laurence Seidman, 2005. "A Tax Rebate in A Recession: Is It Safe and Effective?," Working Papers 05-20, University of Delaware, Department of Economics.
    3. Alan J. Auerbach, 2003. "Fiscal Policy, Past and Present," NBER Working Papers 10023, National Bureau of Economic Research, Inc.
    4. Kenneth Lewis & Laurence Seidman, 2005. " Can Fiscal Stimulus Overcome the Zero Interest-Rate Bound?: A Quantitative Assessment," Working Papers 05-19, University of Delaware, Department of Economics.
    5. Gauti B. Eggertsson & Michael Woodford, 2003. "Optimal Monetary Policy in a Liquidity Trap," NBER Working Papers 9968, National Bureau of Economic Research, Inc.

  9. Fumio Hayashi & Edward C. Prescott, 2002. "The 1990s in Japan: A Lost Decade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 206-235, January.
    See citations under working paper version above.
  10. Hayashi, Fumio, 2001. "Identifying a Liquidity Effect in the Japanese Interbank Market," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(2), pages 287-315, May.

    Cited by:

    1. Prati, Alessandro & Bartolini, Leonardo & Bertola, Giuseppe, 2003. "The overnight interbank market: Evidence from the G-7 and the Euro zone," Journal of Banking & Finance, Elsevier, vol. 27(10), pages 2045-2083, October.
    2. Nakashima, Kiyotaka, 2005. "The Bank of Japan's Operating Procedures and the Identification of Monetary Policy Shocks: A Reexamination using the Bernanke-Mihov Approach," MPRA Paper 70687, University Library of Munich, Germany.
    3. Fukunaga, Ichiro & Kato, Naoya, 2016. "Japanese repo and call markets before, during, and emerging from the financial crisis," Journal of the Japanese and International Economies, Elsevier, vol. 39(C), pages 17-34.
    4. Uesugi, Iichiro, 2002. "Measuring the Liquidity Effect: The Case of Japan," Journal of the Japanese and International Economies, Elsevier, vol. 16(3), pages 289-316, September.
    5. Friedman, Benjamin M. & Kuttner, Kenneth N., 2010. "Implementation of Monetary Policy: How Do Central Banks Set Interest Rates?," Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 24, pages 1345-1438, Elsevier.
    6. Hashimoto, Yuko, 2005. "The impact of the Japanese banking crisis on the intraday FX market in late 1997," Journal of Asian Economics, Elsevier, vol. 16(2), pages 205-222, April.
    7. Tsutomu Watanabe & Tomoyoshi Yabu, 2011. "The Great Intervention and Massive Money Injection: The Japanese Experience 2003-2004," CARF F-Series CARF-F-266, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    8. Bartolini, Leonardo & Prati, Alessandro, 2006. "Cross-country differences in monetary policy execution and money market rates' volatility," European Economic Review, Elsevier, vol. 50(2), pages 349-376, February.
    9. Paolo Angelini, 2008. "Liquidity And Announcement Effects In The Euro Area," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 67(1), pages 1-20, March.
    10. Kei Imakubo & Yutaka Soejima, 2010. "The Microstructure of Japan's Interbank Money Market: Simulating Contagion of Intraday Flow of Funds Using BOJ-NET Payment Data," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 28, pages 151-180, November.
    11. Yasuo Hirose & Shinsuke Ohyama, 2010. "Identifying the Effect of the Bank of Japan's Liquidity Facilities: The Case of Commercial Paper Operations During the Financial Turmoil," International Finance, Wiley Blackwell, vol. 13(3), pages 461-483, December.

  11. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1997. "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1121-1166, December.
    See citations under working paper version above.
  12. Hayashi, Fumio & Matsui, Akihiko, 1996. "A Model of Fiat Money and Barter," Journal of Economic Theory, Elsevier, vol. 68(1), pages 111-132, January.
    See citations under working paper version above.
  13. Fumio Hayashi, 1996. "Analysis Of Household Saving: Past, Present, And Furture," The Japanese Economic Review, Japanese Economic Association, vol. 47(1), pages 21-33, March.

    Cited by:

    1. Ethan Ligon & Jonathan P. Thomas & Tim Worrall, 2000. "Mutual Insurance, Individual Savings and Limited Commitment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 3(2), pages 216-246, April.
    2. Jonathan P. Thomas & Tim Worrall, 2000. "Gift-giving, Quasi-Credit and Reciprocity," Keele Department of Economics Discussion Papers (1995-2001) 2000/20, Department of Economics, Keele University.
    3. SAWADA Yasuyuki & SHIMIZUTANI Satoshi, 2004. "How Do People Cope With Natural Disasters? Evidence from the Great Hanshin-Awaji Earthquake," ESRI Discussion paper series 101, Economic and Social Research Institute (ESRI).
    4. Charles Yuji Horioka, 2024. "Household Saving in Japan: The Past, Present, and Future," ISER Discussion Paper 1264, Institute of Social and Economic Research, Osaka University.
    5. Hiroaki Hayakawa, 2020. "Consumer behavior in a monetary economy and smoothing of composite consumption," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(1), pages 89-122, March.
    6. Neil Amin‐Smith & Orazio P. Attanasio, 2020. "Consumption and Wage Inequality in the US: The Dynamics of the Last Three Decades," Fiscal Studies, John Wiley & Sons, vol. 41(1), pages 7-38, March.
    7. Charles Yuji Horioka, 2002. "Are the Japanese Selfish, Altruistic or Dynastic?," The Japanese Economic Review, Japanese Economic Association, vol. 53(1), pages 26-54, March.

  14. Hayashi, Fumio & Altonji, Joseph & Kotlikoff, Laurence, 1996. "Risk-Sharing between and within Families," Econometrica, Econometric Society, vol. 64(2), pages 261-294, March.

    Cited by:

    1. Akyol, Ahmet & Athreya, Kartik, 2005. "Risky higher education and subsidies," Journal of Economic Dynamics and Control, Elsevier, vol. 29(6), pages 979-1023, June.
    2. Gaurav, Sarthak, 2015. "Are Rainfed Agricultural Households Insured? Evidence from Five Villages in Vidarbha, India," World Development, Elsevier, vol. 66(C), pages 719-736.
    3. Tarp, Finn, 2003. "Udviklingsbistanden i perspektiv [Foreign Aid in Perspective]," MPRA Paper 64172, University Library of Munich, Germany.
    4. Henning Bohn, 1999. "Social Security and Demographic Uncertainty: The Risk Sharing Properties of Alternative Policies," NBER Working Papers 7030, National Bureau of Economic Research, Inc.
    5. Orazio Attanasio & Margherita Borella, 2006. "Stochastic Components of Individual Consumption: A Time Series Analysis of Grouped Data," NBER Working Papers 12456, National Bureau of Economic Research, Inc.
    6. Fatih Guvenen, 2011. "Macroeconomics with hetereogeneity : a practical guide," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 97(3Q), pages 255-326.
    7. Laurence Kotlikoff & Felix Kubler & Andrey Polbin & Jeffrey Sachs & Simon Scheidegger, 2021. "Making Carbon Taxation A Generational Win Win," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(1), pages 3-46, February.
    8. Jae Won Lee, 2012. "Aggregate Implications of Heterogeneous Households in a Sticky-Price Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(1), pages 1-22, February.
    9. Benzell, Seth G. & Goryunov, Eugene & Kazakova, Marija & Kotlikoff, Laurence J. & LaGarda, Guillermo & Nesterova, Kristina & Zubarev, Andrey, 2015. "Simulating Russia’S And Other Large Economies’ Challenging And Interconnected Transitions," EconStor Preprints 121939, ZBW - Leibniz Information Centre for Economics.
    10. David Roland-Holst & Finn Tarp, 2003. "De nouvelles perspectives pour l'efficacité de l'aide," Revue d’économie du développement, De Boeck Université, vol. 11(2), pages 151-180.
    11. Mark C Long & Eleanor Krause, 2017. "Altruism by age and social proximity," PLOS ONE, Public Library of Science, vol. 12(8), pages 1-24, August.
    12. Hess, Gregory D. & Shin, Kwanho, 2000. "Risk sharing by households within and across regions and industries," Journal of Monetary Economics, Elsevier, vol. 45(3), pages 533-560, June.
    13. Andrei A. Levchenko, 2005. "Financial Liberalization and Consumption Volatility in Developing Countries," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 237-259, September.
    14. Pierfederico Asdrubali & Soyoung Kim, 2007. "Incomplete Intertemporal Consumption Smoothing and Incomplete Risksharing," Discussion Paper Series 0725, Institute of Economic Research, Korea University.
    15. Stefano Athanasoulis & Eric Van Wincoop, 1998. "Risksharing within the United States: what have financial markets and fiscal federalism accomplished?," Research Paper 9808, Federal Reserve Bank of New York.
    16. Manuel Arellano & Richard Blundell & Stéphane Bonhomme & Jack Light, 2024. "Heterogeneity of consumption responses to income shocks in the presence of nonlinear persistence," Post-Print hal-04536563, HAL.
    17. Thomas J. Kniesner & James P. Ziliak, 2000. "Tax Reform and Automatic Stabilization," JCPR Working Papers 165, Northwestern University/University of Chicago Joint Center for Poverty Research.
    18. Alan L. Gustman & Thomas L. Steinmeier, 2002. "The Social Security Early Entitlement Age in a Structural Model of Retirement and Wealth," NBER Working Papers 9183, National Bureau of Economic Research, Inc.
    19. Paul Gertler & David I. Levine & Enrico Moretti, 2009. "Do microfinance programs help families insure consumption against illness?," Health Economics, John Wiley & Sons, Ltd., vol. 18(3), pages 257-273, March.
    20. Manuel Ramos-Francia & Santiago García-Verdú, 2018. "Globalisation and consumption risk-sharing in emerging market economies," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 231-244, Bank for International Settlements.
    21. Jonathan Heathcote, 2003. "On the Distributional Effects of Reducing Capital Taxes (previously: Factor Taxation with Heterogeneous Agents)," Working Papers gueconwpa~03-03-22, Georgetown University, Department of Economics.
    22. Emma Tominey, 2010. "The Timing of Parental Income and Child Outcomes: The Role of Permanent and Transitory Shocks," CEE Discussion Papers 0120, Centre for the Economics of Education, LSE.
    23. Sujoy Mukerji & Jean-Marc Tallon & Université Paris I Panthéon-Sorbonne, 2000. "Ambiguity Aversion and Incompleteness of Financial Markets," Economics Series Working Papers 46, University of Oxford, Department of Economics.
    24. Kris Jacobs, 2001. "Estimating Nonseparable Preference Specifications for Asset Market Participants," CIRANO Working Papers 2001s-12, CIRANO.
    25. Ligon, Ethan, 2016. "All \lambda-separable Frisch demands and corresponding utility functions," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1w13q2f1, Department of Agricultural & Resource Economics, UC Berkeley.
    26. Dirk Krueger & Fabrizio Perri, 2003. "On the Welfare Consequences of the Increase in Inequality in the United States," NBER Working Papers 9993, National Bureau of Economic Research, Inc.
    27. Nordblom, K., 1997. "Precautionary Saving and Altruism ," Papers 1997-19, Uppsala - Working Paper Series.
    28. Chen, Natalie & Perroni, Carlo & Conconi, Paola, 2007. "Women's Earning Power and the 'Double Burden' of Market and Household Work," CEPR Discussion Papers 6269, C.E.P.R. Discussion Papers.
    29. Fernando Jaramillo & Hubert Kempf & Fabien Moizeau, 2015. "Heterogeneity and the formation of risk-sharing coalitions," Post-Print halshs-01075648, HAL.
    30. LaFave, Daniel & Thomas, Duncan, 2017. "Extended families and child well-being," Journal of Development Economics, Elsevier, vol. 126(C), pages 52-65.
    31. George-Levi Gayle & Limor Golan, "undated". "Estimating a Dynamic Adverse Selection Model: Labor Force Experience and the Changing Gender Earnings Gap 1968-93," GSIA Working Papers 2006-E40, Carnegie Mellon University, Tepper School of Business.
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    33. Yasuyuki Sawada, 2007. "The impact of natural and manmade disasters on household welfare," Agricultural Economics, International Association of Agricultural Economists, vol. 37(s1), pages 59-73, December.
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    177. Nepal, Mani & Bohara, Alok K, 2015. "Consumption insurance under uncertainty: The case of Nepal during Maoist insurgency," International Journal of Development and Conflict, Gokhale Institute of Politics and Economics, vol. 5(1), pages 1-31.
    178. Miki Kohara, 2001. "Consumption insurance between Japanese households," Applied Economics, Taylor & Francis Journals, vol. 33(6), pages 791-800.
    179. Akın, Ş. Nuray & Leukhina, Oksana, 2015. "Risk-sharing within families: Evidence from the Health and Retirement Study," Journal of Economic Dynamics and Control, Elsevier, vol. 52(C), pages 270-284.
    180. Huber, Katrin & Winkler, Erwin, 2019. "All you need is love? Trade shocks, inequality, and risk sharing between partners," European Economic Review, Elsevier, vol. 111(C), pages 305-335.
    181. Pu Chen & Sanxi Li & Bing Ye, 2018. "Risk†Sharing Matching And Moral Hazard," Bulletin of Economic Research, Wiley Blackwell, vol. 70(2), pages 165-174, April.
    182. Yasuyuki SAWADA & Fauziah ZEN, 2014. "Disaster Management in ASEAN," Working Papers DP-2014-03, Economic Research Institute for ASEAN and East Asia (ERIA).
    183. Rita Ginja, 2010. "Income Shocks and Investments in Human Capital," 2010 Meeting Papers 1165, Society for Economic Dynamics.
    184. Atsushi Inoue & Tomislav Vukina, 2006. "Testing for the principal’s monopsony power in agency contracts," Empirical Economics, Springer, vol. 31(3), pages 717-734, September.

  15. Hayashi, Fumio, 1995. "Is the Japanese Extended Family Altruistically Linked? A Test Based on Engel Curves," Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 661-674, June.
    See citations under working paper version above.
  16. Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1992. "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data," American Economic Review, American Economic Association, vol. 82(5), pages 1177-1198, December.
    See citations under working paper version above.
  17. Fumio Hayashi, 1992. "Explaining Japan's Saving: A Review of Recent Literature," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 10(2), pages 63-78, November.

    Cited by:

    1. Shin-ichi Fukuda, 2018. "Companies’ Financial Surpluses and Cash/Deposit Holdings," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 14(3), pages 369-396, July.
    2. Naoto Yamauchi, 1996. "The Effects of Aging on National Saving and Asset Accumulation in Japan," NBER Chapters, in: The Economic Effects of Aging in the United States and Japan, pages 131-151, National Bureau of Economic Research, Inc.

  18. Hayashi, Fumio, 1992. "On the Estimation of Panel-Data Models with Serial Correlation When Instruments Are Not Strictly Exogenous: Comment," Journal of Business & Economic Statistics, American Statistical Association, vol. 10(1), pages 15-17, January.

    Cited by:

    1. Alain Carpentier & Robert D. Weaver, 1996. "Assessment of producers' attitude toward risk and information using panel data : the example of pesticide use in the French crop sector," Post-Print hal-01931607, HAL.
    2. Ben Maatoug, Abderrazek & Ben Ayed, Wassim & Ftiti, Zied, 2019. "Are MENA banks’ capital buffers countercyclical? Evidence from the Islamic and conventional banking systems," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 109-118.
    3. Cees Gorter & Wolter Hassink & Peter Nijkamp & Eric Pels & Cees Gorter & Wolter Hassink & Peter Nijkamp & Eric Pels, 2004. "On the Endogeneity of Output in Dynamic Labour-Demand Models," Chapters, in: Location, Travel and Information Technology, chapter 9, pages 177-192, Edward Elgar Publishing.

  19. Fumio Hayashi, 1991. "Rejoinder to Dekle and Summers," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 9(2), pages 79-89, September.

    Cited by:

    1. Yoshida, Jiro, 2020. "The economic depreciation of real estate: Cross-sectional variations and their return implications," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
    2. Lopez, Luis A. & Yoshida, Jiro, 2022. "Estimating housing rent depreciation for inflation adjustments," Regional Science and Urban Economics, Elsevier, vol. 95(C).
    3. David W. Campbell, 1999. "Explaining Japan's Saving Rate," Macroeconomics 9902004, University Library of Munich, Germany.

  20. Hayashi, Fumio & Inoue, Tohru, 1991. "The Relation between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms," Econometrica, Econometric Society, vol. 59(3), pages 731-753, May.
    See citations under working paper version above.
  21. Hayashi, Fumio & Jagannathan, Ravi, 1990. "Ex-day behavior of japanese stock prices: New insights from new methodology," Journal of the Japanese and International Economies, Elsevier, vol. 4(4), pages 401-427, December.
    See citations under working paper version above.
  22. Fumio Hayashi, 1989. "Is Japan's saving rate high?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 13(Spr), pages 3-9.

    Cited by:

    1. Thomas A. Barthold & Takatoshi Ito, 1991. "Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison," Discussion Paper Series a233, Institute of Economic Research, Hitotsubashi University.
    2. Simon Gilchrist & John C. Williams, 2004. "Transition dynamics in vintage capital models: explaining the postwar catch-up of Germany and Japan," Working Paper Series 2004-14, Federal Reserve Bank of San Francisco.
    3. Robert Dekle, 2004. "Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows in Immigration," NBER Working Papers 10781, National Bureau of Economic Research, Inc.
    4. Nobuhiro Kiyotaki & Kenneth D. West, 2006. "Land Prices and Business Fixed Investment in Japan," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 12, Edward Elgar Publishing.
    5. Robert E. Lipsey & Irving B. Kravis, 1987. "Is the U.S. a Spendthrift Nation?," NBER Working Papers 2274, National Bureau of Economic Research, Inc.
    6. Albert Ando, 2000. "On the Japanese Economy and Japanese National Accounts," NBER Working Papers 8033, National Bureau of Economic Research, Inc.
    7. Francesco Busato & Bruno Chiarini, 2002. "Consumption And Income Smoothing," Working Papers 2_2002, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    8. Iwamoto, Yasushi, 1996. "Japan's saving rate is indeed lower than Professor Hayashi revealed," Japan and the World Economy, Elsevier, vol. 8(1), pages 35-41, March.
    9. Shimono Keiko & Ishikawa Miho, 2002. "Estimating the Size of Bequests in Japan: 1986-1994," International Economic Journal, Taylor & Francis Journals, vol. 16(3), pages 1-21.
    10. Albert Ando & Dimitrios Christelis & Tsutomu Miyagawa, 2003. "Inefficiency of Corporate Investment and Distortion of Savings Behavior in Japan," NBER Working Papers 9444, National Bureau of Economic Research, Inc.
    11. Rappaport, Jordan, 2006. "A bottleneck capital model of development," Journal of Monetary Economics, Elsevier, vol. 53(8), pages 2113-2129, November.
    12. Selahattin Imrohoroglu & Ayse Imrohoroglu & Kaiji Chen, 2006. "The Japanese Saving Rate," American Economic Review, American Economic Association, vol. 96(5), pages 1850-1858, December.
    13. Fumio Hayashi & Takatoshi Ito & Joel Slemrod, 1987. "Housing Finance Imperfections and Private Saving: A Comparative Simulation Analysis of the U.S. and Japan," NBER Working Papers 2272, National Bureau of Economic Research, Inc.
    14. Lawrence J. Christiano & Terry J. Fitzgerald, 2000. "Understanding the Fiscal Theory of the Price Level," NBER Working Papers 7668, National Bureau of Economic Research, Inc.
    15. Gollin, Douglas, 2008. "Nobody's business but my own: Self-employment and small enterprise in economic development," Journal of Monetary Economics, Elsevier, vol. 55(2), pages 219-233, March.
    16. Sebastian Edwards, 1995. "Why are Saving Rates so Different Across Countries?: An International Comparative Analysis," NBER Working Papers 5097, National Bureau of Economic Research, Inc.
    17. Robert Dekle & Lawrence Summers, 1991. "Japan's High Saving Rate Reaffirmed," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 9(2), pages 63-78, September.
    18. John Krainer & Mark M. Spiegel & Nobuyoshi Yamori, 2005. "Asset price declines and real estate market illiquidity: evidence from Japanese land values," Working Paper Series 2004-16, Federal Reserve Bank of San Francisco.
    19. David F. Bradford, 1990. "What is National Saving?: Alternative Measures in Historical and International Context," NBER Working Papers 3341, National Bureau of Economic Research, Inc.
    20. Magnus Blomstrom & Robert E. Lipsey & Mario Zejan, 1993. "Is Fixed Investment the Key to Economic Growth?," NBER Working Papers 4436, National Bureau of Economic Research, Inc.
    21. David W. Campbell, 1999. "Explaining Japan's Saving Rate," Macroeconomics 9902004, University Library of Munich, Germany.
    22. Charles Yuji Horioka, 2006. "The Dissaving of the Aged Revisited: The Case of Japan," ISER Discussion Paper 0665, Institute of Social and Economic Research, Osaka University.
    23. Fumio Hayashi, 1989. "Japan's Saving Rate: New Data and Reflections," NBER Working Papers 3205, National Bureau of Economic Research, Inc.
    24. Nobuhiro Kiyotaki & Kenneth D. West, 1996. "Business Fixed Investment and the Recent Business Cycle in Japan," NBER Working Papers 5546, National Bureau of Economic Research, Inc.

  23. Hayashi, Fumio & Ando, Albert & Ferris, Richard, 1988. "Life cycle and bequest savings A study of Japanese and U.S. households based on data from the 1984 NSFIE and the 1983 survey of consumer finances," Journal of the Japanese and International Economies, Elsevier, vol. 2(4), pages 450-491, December.

    Cited by:

    1. Thomas A. Barthold & Takatoshi Ito, 1991. "Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison," Discussion Paper Series a233, Institute of Economic Research, Hitotsubashi University.
    2. Yi Wen, 2011. "Making sense of China’s astronomical foreign reserves," Working Papers 2011-018, Federal Reserve Bank of St. Louis.
    3. Takatoshi Ito & Yukinobu Kitamura, 1994. "Public Policies and Household Saving in Japan," NBER Chapters, in: Public Policies and Household Saving, pages 133-160, National Bureau of Economic Research, Inc.
    4. Jones, Lawrence D., 1997. "The Tenure Transition Decision For Elderly Homeowners," Journal of Urban Economics, Elsevier, vol. 41(2), pages 243-263, March.
    5. Jeremy Lise & Nao Sudo & Michio Suzuki & Ken Yamada & Tomoaki Yamada, 2013. "Wage, Income and Consumption Inequality in Japan, 1981-2008: from Boom to Lost Decades," Working Papers 2013-011, Human Capital and Economic Opportunity Working Group.
    6. Horioka, Charles Yuji, 2010. "The (dis)saving behavior of the aged in Japan," Japan and the World Economy, Elsevier, vol. 22(3), pages 151-158, August.
    7. R. Anton Braun & Daisuke Ikeda & Douglas H. Joines, 2009. "The Saving Rate In Japan: Why It Has Fallen And Why It Will Remain Low," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(1), pages 291-321, February.
    8. Charles Yuji Horioka, 2020. "Does the Selfish Life-Cycle Model Apply in the Case of Japan?," ISER Discussion Paper 1084, Institute of Social and Economic Research, Osaka University.
    9. Charles Yuji Horioka, 2020. "Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey," ISER Discussion Paper 1102, Institute of Social and Economic Research, Osaka University.
    10. Noriyuki Takayama & Yukinobu Kitamura, 1994. "Household Saving Behavior in Japan," NBER Chapters, in: International Comparisons of Household Saving, pages 125-168, National Bureau of Economic Research, Inc.
    11. Abe, Naohito & Yamada, Tomoaki, 2009. "Nonlinear income variance profiles and consumption inequality over the life cycle," Journal of the Japanese and International Economies, Elsevier, vol. 23(3), pages 344-366, September.
    12. Ohtake, Fumio & Shintani, Mototsugu, 1996. "The effect of demographics on the Japanese housing market," Regional Science and Urban Economics, Elsevier, vol. 26(2), pages 189-201, April.
    13. Gale, W.G. & Scholz, K., 1993. "Intergenerational Transfers and Accumulation of Wealth," Working papers 9315, Wisconsin Madison - Social Systems.
    14. Chiaki Moriguchi & Emmanuel Saez, 2006. "The Evolution of Income Concentration in Japan, 1886-2002: Evidence from Income Tax Statistics," NBER Working Papers 12558, National Bureau of Economic Research, Inc.
    15. Hayashi, Fumio, 1995. "Is the Japanese Extended Family Altruistically Linked? A Test Based on Engel Curves," Journal of Political Economy, University of Chicago Press, vol. 103(3), pages 661-674, June.
    16. Ito, Takatoshi & 伊藤, 隆敏 & イトウ, タカトシ & Tsuri, Masao & 釣, 雅雄 & ツリ, マサオ, 2003. "Macroeconomic Impacts of Aging in Japan on the Balance of Current Accounts," Discussion Paper 170, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    17. Lopez, Fernando Lera, 1999. "Recent decline in family savings rate: possible Explanations," ERSA conference papers ersa99pa098, European Regional Science Association.
    18. Charles Yuji Horioka, 2006. "Do the Elderly Dissave in Japan?," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 5, Edward Elgar Publishing.
    19. Takatotshi Ito, 1996. "Japan and the Asian Economies: A 'Miracle' in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 205-272.
    20. Kiichi Tokuoka, 2010. "The Outlook for Financing Japan's Public Debt," IMF Working Papers 2010/019, International Monetary Fund.
    21. Wakabayashi, Midori, 2001. "Retirement Saving in Japan: With Emphasis on the Impact of Social Security and Retirement Payments," Journal of the Japanese and International Economies, Elsevier, vol. 15(2), pages 131-159, June.
    22. Giovanni D'Alessio & Ivan Faiella, 2002. "Non-response behaviour in the Bank of Italy�s Survey of Household Income and Wealth," Temi di discussione (Economic working papers) 462, Bank of Italy, Economic Research and International Relations Area.
    23. Lera López, Fernando, 2000. "Decline In Family Savings Rate In Europe: Explanations And Consequences In Regional Policy," ERSA conference papers ersa00p66, European Regional Science Association.
    24. G. Blind & A. Pyka, 2014. "The rule approach in evolutionary economics: A methodological template for empirical research," Journal of Evolutionary Economics, Springer, vol. 24(5), pages 1085-1105, November.
    25. Toshiaki Tachibanaki, 1994. "Housing and Saving in Japan," NBER Chapters, in: Housing Markets in the United States and Japan, pages 161-190, National Bureau of Economic Research, Inc.
    26. Kitamura, Yukinobu & Takayama, Noriyuki & Arita, Fumiko, 2001. "Household savings in Japan revisited," Research in Economics, Elsevier, vol. 55(2), pages 135-153, June.
      • Kitamura, Yukinobu & 北村, 行伸 & キタムラ, ユキノブ & Takayama, Noriyuki & 高山, 憲之 & タカヤマ, ノリユキ & Arita, Fumiko & 有田, 富美子, 2000. "Household Savings in Japan Revisited," Discussion Paper 6, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    27. Raslan Alzuabi & Sarah Brown & Daniel Gray & Mark N Harris & Christopher Spencer, 2022. "Household saving, health, and healthcare utilization in Japan [Stature, obesity, and portfolio choice]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 473-497.
    28. Masahiko Nakazawa & Kazuaki Kikuta & Yasutaka Yoneta, 2018. "The Saving Behavior of Elderly People in Japan: Analysis Based on Micro-Data from the National Survey of Family Income and Expenditure," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 14(4), pages 691-730, July.
    29. Maiko Koga, 2005. "The Decline of Japan's Saving Rate and Demographic Effects," Bank of Japan Working Paper Series 05-E-10, Bank of Japan.
    30. Naoto Yamauchi, 1996. "The Effects of Aging on National Saving and Asset Accumulation in Japan," NBER Chapters, in: The Economic Effects of Aging in the United States and Japan, pages 131-151, National Bureau of Economic Research, Inc.
    31. Charles Yuji Horioka, 2006. "The Dissaving of the Aged Revisited: The Case of Japan," ISER Discussion Paper 0665, Institute of Social and Economic Research, Osaka University.
    32. Ito, Takatoshi & 伊藤, 隆敏 & イトウ, タカトシ & Tsuri, Masao & 釣, 雅雄 & ツリ, マサオ, 2002. "Macroeconomic Impacts of Aging in Japan," Discussion Paper 77, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.

  24. Hayashi, Fumio & Ito, Takatoshi & Slemrod, Joel, 1988. "Housing finance imperfections, taxation, and private saving: A comparative simulation analysis of the United States and Japan," Journal of the Japanese and International Economies, Elsevier, vol. 2(3), pages 215-238, September.

    Cited by:

    1. Thomas A. Barthold & Takatoshi Ito, 1991. "Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison," Discussion Paper Series a233, Institute of Economic Research, Hitotsubashi University.
    2. Daniel Schunk, 2007. "What Determines the Saving Behavior of German Households? An Examination of Saving Motives and Saving Decisions," MEA discussion paper series 07124, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    3. Luigi Guiso & Tullio Jappelli, 1999. "Private Transfers, Borrowing Constraints and the Timing of Homeownership," CSEF Working Papers 17, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    4. Jappelli, Tullio & Chiuri, Maria Concetta, 2001. "Financial Market Imperfections and Home Ownership: A Comparative Study," CEPR Discussion Papers 2717, C.E.P.R. Discussion Papers.
    5. Muellbauer, John & Murata, Keiko, 2009. "Consumption, Land Prices and the Monetary Transmission Mechanism in Japan," CEPR Discussion Papers 7269, C.E.P.R. Discussion Papers.
    6. Rosenzweig, Mark R. & Zhang, Junsen, 2014. "Co-residence, Life-Cycle Savings and Inter-generational Support in Urban China," Working Papers 131, Yale University, Department of Economics.
    7. Jun Nagayasu, 2021. "Life Cycles and Gender in Residential Mobility Decisions," The Journal of Real Estate Finance and Economics, Springer, vol. 62(3), pages 370-401, April.
    8. R. Anton Braun & Daisuke Ikeda & Douglas H. Joines, 2006. "Saving and interest rates in Japan: why they have fallen and why they will remain low," Working Paper Series 2006-39, Federal Reserve Bank of San Francisco.
    9. Ross Guest & Robyn Swift, 2010. "Population Ageing and House Prices in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 43(3), pages 240-253, September.
    10. Tullio Jappelli & Maria Chiuri, 2000. "Financial Markets, Judicial Costs and Housing Tenure: An International Comparison," LIS Working papers 230, LIS Cross-National Data Center in Luxembourg.
    11. Börsch-Supan, Axel & Brugiavini, Agar, 2000. "Savings: The Policy Debate in Europe," Sonderforschungsbereich 504 Publications 01-14, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    12. Konrad C. Schäfer, 2016. "The Influence of Personality Traits on Private Retirement Savings in Germany," SOEPpapers on Multidisciplinary Panel Data Research 867, DIW Berlin, The German Socio-Economic Panel (SOEP).
    13. Andrés Escobar & Mauricio Cardenas, 1997. "Savings Determinants in Colombia: 1925-1994," Research Department Publications 3009, Inter-American Development Bank, Research Department.
    14. Jonathan S. Skinner, 1994. "Housing and Saving in the United States," NBER Chapters, in: Housing Markets in the United States and Japan, pages 191-214, National Bureau of Economic Research, Inc.
    15. Daniel K. Fetter, 2013. "How Do Mortgage Subsidies Affect Home Ownership? Evidence from the Mid-century GI Bills," American Economic Journal: Economic Policy, American Economic Association, vol. 5(2), pages 111-147, May.
    16. Creedy, John & Gemmell, Norman & Scobie, Grant, 2015. "Pensions, savings and housing: A life-cycle framework with policy simulations," Economic Modelling, Elsevier, vol. 46(C), pages 346-357.
    17. Koskela, Erkki & Virén, Matti, 1989. "Taxes, credit market 'imperfections' and inter-country differences in the household saving ratio," Bank of Finland Research Discussion Papers 21/1989, Bank of Finland.
    18. Bessho, Shun-ichiro & Tobita, Eiko, 2008. "Unemployment risk and buffer-stock saving: An empirical investigation in Japan," Japan and the World Economy, Elsevier, vol. 20(3), pages 303-325, August.
    19. Moriizumi, Yoko, 2003. "Targeted saving by renters for housing purchase in Japan," Journal of Urban Economics, Elsevier, vol. 53(3), pages 494-509, May.
    20. Ross Guest, 2004. "Housing Affordability Options for First Home Owner-Occupiers in Australia: A Simulation Analysis," Econometric Society 2004 Australasian Meetings 66, Econometric Society.
    21. Selahattin Imrohoroglu & Ayse Imrohoroglu & Kaiji Chen, 2006. "The Japanese Saving Rate," American Economic Review, American Economic Association, vol. 96(5), pages 1850-1858, December.
    22. Ito, Takatoshi & 伊藤, 隆敏 & イトウ, タカトシ & Tsuri, Masao & 釣, 雅雄 & ツリ, マサオ, 2003. "Macroeconomic Impacts of Aging in Japan on the Balance of Current Accounts," Discussion Paper 170, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    23. Takatoshi Ito & Keiko Nosse Hirono, 1993. "Efficiency of the Tokyo Housing Market," NBER Working Papers 4382, National Bureau of Economic Research, Inc.
    24. Charles Yuji Horioka, 2024. "Household Saving in Japan: The Past, Present, and Future," ISER Discussion Paper 1264, Institute of Social and Economic Research, Osaka University.
    25. Nikolaos Satsios & Mohga Bassim, 2018. "The effect of control variables on the saving motives of the Pomak households," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 15(1), pages 37-44, June.
    26. Ross S. Guest, 2005. "A Life Cycle Analysis of Housing Affordability Options for First Home Owner‐Occupiers in Australia," The Economic Record, The Economic Society of Australia, vol. 81(254), pages 237-248, September.
    27. Takashi Unayama & Yasutaka Yoneta, 2018. "The Discrepancy Between the Household Saving Rates in Micro and Macro Statistics: An Adjustment Method," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 14(4), pages 765-776, July.
    28. Mark Rosenzweig & Junsen Zhang, 2019. "Housing Prices, Inter-generational Co-residence, and “Excess” Savings by the Young: Evidence using Chinese Data," NBER Working Papers 26209, National Bureau of Economic Research, Inc.
    29. Schunk Daniel, 2009. "What Determines Household Saving Behavior: An Examination of Saving Motives and Saving Decisions 06.01.2009," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 229(4), pages 467-491, August.
    30. Le Blanc, Julia & Porpiglia, Alessandro & Teppa, Federica & Zhu, Junyi & Ziegelmeyer, Michael, 2014. "Household saving behavior and credit constraints in the Euro area," Discussion Papers 16/2014, Deutsche Bundesbank.
    31. Kitamura, Yukinobu & Takayama, Noriyuki & Arita, Fumiko, 2001. "Household savings in Japan revisited," Research in Economics, Elsevier, vol. 55(2), pages 135-153, June.
      • Kitamura, Yukinobu & 北村, 行伸 & キタムラ, ユキノブ & Takayama, Noriyuki & 高山, 憲之 & タカヤマ, ノリユキ & Arita, Fumiko & 有田, 富美子, 2000. "Household Savings in Japan Revisited," Discussion Paper 6, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    32. Schäfer, Konrad C., 2016. "The Influence of Personality Traits on Private Retirement Savings in Germany," Hannover Economic Papers (HEP) dp-580, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    33. Raslan Alzuabi & Sarah Brown & Daniel Gray & Mark N Harris & Christopher Spencer, 2022. "Household saving, health, and healthcare utilization in Japan [Stature, obesity, and portfolio choice]," Oxford Economic Papers, Oxford University Press, vol. 74(2), pages 473-497.
    34. Tullio Jappelli & Marco Pagano, 1997. "The Determinants of Savings: Lessons from Italy," Research Department Publications 3012, Inter-American Development Bank, Research Department.
    35. An-Pin Wei & Wei-Ling Huang & Chih-Yuan Yang & Ming-Chi Chen, 2013. "The role of market imperfections in the relationship between housing prices and household credit: Evidence from Taiwan," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 27(2), pages 131-143, November.
    36. Okumura, Tsunao, 1997. "Housing Investment and Residential Land Supply in Japan: An Asset Market Approach," Journal of the Japanese and International Economies, Elsevier, vol. 11(1), pages 27-54, March.
    37. Campbell, David W., 2004. "Explaining Japan's saving rate," Journal of Asian Economics, Elsevier, vol. 15(4), pages 797-815, August.
    38. Nikolaos Satsios & Kostas Karamanis & Aikaterini Galanou & Ioannis Sotiropoulos, 2020. "The Saving Behaviour of Pomaks in Bulgaria: A Path Analysis Approach," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 105-120.
    39. Guillermo Ordonez & Facundo Piguillem, 2022. "Saving Rates and Savings Ratios," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 46, pages 365-381, October.
    40. R. & Junsen Zhang, 2019. "Housing Prices, Inter-generational Co-residence, and “Excess†Savings by the Young: Evidence using Chinese Data," Working Papers 2019-059, Human Capital and Economic Opportunity Working Group.
    41. Ito, Takatoshi & 伊藤, 隆敏 & イトウ, タカトシ & Tsuri, Masao & 釣, 雅雄 & ツリ, マサオ, 2002. "Macroeconomic Impacts of Aging in Japan," Discussion Paper 77, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
    42. Julia Le Blanc & Alessandro Porpiglia & Federica Teppa & Junyi Zhu & Michael Ziegelmeyer, 2016. "Household Saving Behavior in the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 12(2), pages 15-69, June.
    43. Nagayasu, Jun, 2016. "Inflation and Bubbles in the Japanese Condominium Market," MPRA Paper 71192, University Library of Munich, Germany.
    44. Fisher, Patti J. & Montalto, Catherine P., 2010. "Effect of saving motives and horizon on saving behaviors," Journal of Economic Psychology, Elsevier, vol. 31(1), pages 92-105, February.

  25. Fumio Hayashi, 1985. "The Effect of Liquidity Constraints on Consumption: A Cross-Sectional Analysis," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(1), pages 183-206.
    See citations under working paper version above.
  26. Fumio Hayashi, 1985. "The Permanent Income Hypothesis and Consumption Durability: Analysis Based on Japanese Panel Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(4), pages 1083-1113.
    See citations under working paper version above.
  27. Hayashi, Fumio, 1985. "Corporate finance side of the Q theory of investment," Journal of Public Economics, Elsevier, vol. 27(3), pages 261-280, August.

    Cited by:

    1. Stephen Bond & Jason Cummins, 2001. "Noisy share prices and the Q model of investment," IFS Working Papers W01/22, Institute for Fiscal Studies.
    2. Ascari, Guido & Fasani, Stefano & Grazzini, Jakob & Rossi, Lorenza, 2023. "Endogenous uncertainty and the macroeconomic impact of shocks to inflation expectations," Journal of Monetary Economics, Elsevier, vol. 140(S), pages 48-63.
    3. Georgy Idrisov, 2010. "Factors of Demand for Imported Goods for Investment Purpose to Russia," Research Paper Series, Gaidar Institute for Economic Policy, issue 138P.
    4. Suvadee Rungsomboon, 2005. "Deterioration of Firm Balance Sheet and Investment Behavior: Evidence from Panel Data on Thai Firms," Asian Economic Journal, East Asian Economic Association, vol. 19(3), pages 335-356, September.
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    71. Auray, Stéphane, 2009. "Consommation, effet de substitution intertemporelle et formation des habitudes," L'Actualité Economique, Société Canadienne de Science Economique, vol. 85(4), pages 437-473, décembre.
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    74. Brunila, Anne, 1997. "Current income and private consumption: Saving decisions: Testing the finite horizon model," Bank of Finland Research Discussion Papers 6/1997, Bank of Finland.
    75. Warwick J McKibbin & Robert Shackleton & Peter J Wilcoxen, 1998. "The Potential Effects of International Carbon Emissions Permit Trading," Departmental Working Papers 1998-09, The Australian National University, Arndt-Corden Department of Economics.
    76. Fauvel, Yvon, 1986. "L’incidence des régimes publics de pensions sur la consommation : une extension du modèle de Feldstein et une évaluation empirique pour le Canada," L'Actualité Economique, Société Canadienne de Science Economique, vol. 62(2), pages 210-235, juin.
    77. Warwick J. McKibbin & Jeremy Nguyen, 2004. "Modelling Global Demographic Change:Results For Japan," CAMA Working Papers 2004-04, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    78. Bhattacharya, Rudrani & Patnaik, Ila, 2013. "Credit constraints, productivity shocks and consumption volatility in emerging economies," Working Papers 13/121, National Institute of Public Finance and Policy.
    79. Hiebert, Paul & Rostagno, Massimo & Pérez, Javier J., 2002. "Debt reduction and automatic stabilisation," Working Paper Series 189, European Central Bank.
    80. Warwick Mckibbin & Dominick Salvatore, 1995. "The global economic consequences of the Uruguay Round," Open Economies Review, Springer, vol. 6(2), pages 111-129, April.
    81. Michael D. Hurd, 1989. "Issues and Results from Research on the Elderly I: Economic Status (Part I of III Parts)," NBER Working Papers 3018, National Bureau of Economic Research, Inc.
    82. Finn, Mary, 1989. "An econometric analysis of the intertemporal general-equilibrium approach to exchange rate and current account determination," Journal of International Money and Finance, Elsevier, vol. 8(4), pages 467-486, December.
    83. Prof Warwick McKibbin, 1996. "Quantifying APEC Trade Liberalization: A Dynamic Analysis," Trade and Development 96/1, Australian National University, Department of Economics.
    84. Simon, András & Várpalotai, Viktor, 2001. "Eladósodás, kockázat és óvatosság [Optimal indebtedness in a small open economy showing precautionary behaviour]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 363-392.
    85. McKibbin, Warwick J. & Shackleton, Robert & Wilcoxen, Peter J., 1999. "What to expect from an international system of tradable permits for carbon emissions," Resource and Energy Economics, Elsevier, vol. 21(3-4), pages 319-346, August.
    86. Warwick J. McKibbin & Jeffrey D. Sachs, 1989. "The McKibbin-Sachs Global Model: Theory and Specifications," NBER Working Papers 3100, National Bureau of Economic Research, Inc.
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    88. Alan J. Auerbach & Kevin Hassett, 1991. "Corporate Savings and Shareholder Consumption," NBER Chapters, in: National Saving and Economic Performance, pages 75-102, National Bureau of Economic Research, Inc.
    89. Warwick J. McKibbin & Robert Shackleton & Peter J. Wilcoxen, 1998. "The Potential Effects of International Carbon Emissions Permit Trading Under the Kyoto Protocol," Economics and Environment Network Working Papers 9805, Australian National University, Economics and Environment Network.
    90. R. Glenn Hubbard & Kenneth L. Judd, 1987. "Finite Lifetimes, Borrowing Constraints, and Short-Run Fiscal Policy," NBER Working Papers 2158, National Bureau of Economic Research, Inc.
    91. McKibbin, Warwick J. & Wilcoxen, Peter J., 1998. "The theoretical and empirical structure of the G-Cubed model," Economic Modelling, Elsevier, vol. 16(1), pages 123-148, January.
    92. Hjelm, Goran, 2002. "Is private consumption growth higher (lower) during periods of fiscal contractions (expansions)?," Journal of Macroeconomics, Elsevier, vol. 24(1), pages 17-39, March.
    93. Emilio Fernandez-Corugedo & Simon Price, 2002. "Financial liberalisation and consumers' expenditure: 'FLIB' re-examined," Bank of England working papers 157, Bank of England.
    94. Yang, Zan & Wang, S.T., 2012. "Permanent and transitory shocks in owner-occupied housing: A common trend model of price dynamics," Journal of Housing Economics, Elsevier, vol. 21(4), pages 336-346.
    95. de Brouwer,Gordon, 1999. "Financial Integration in East Asia," Cambridge Books, Cambridge University Press, number 9780521651486, November.
    96. Brunila, Anne, 1996. "Fiscal policy and private consumption: Saving decisions: Evidence from Finland," Bank of Finland Research Discussion Papers 28/1996, Bank of Finland.
    97. Vicent, Daniel & Werlang, Sérgio Ribeiro da Costa & Tan, Tommy Chin-Chiu & Madrigal, Vicente, 1989. "Credit rationing and the permanent income hypothesis," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 141, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    98. Joel Slemrod, 1986. "Saving and the Fear of Nuclear War," Journal of Conflict Resolution, Peace Science Society (International), vol. 30(3), pages 403-419, September.
    99. Warwick J. McKibbin & David Vines, 2003. "Changes in Equity Risk Perceptions: Global Consequences and Policy Responses," Departmental Working Papers 2003-15, The Australian National University, Arndt-Corden Department of Economics.
    100. Eric Akobeng, 2017. "The Invisible Hand of Rain in Spending: Effect of Rainfall-Driven Agricultural Income on Per Capita Expenditure in Ghana," South African Journal of Economics, Economic Society of South Africa, vol. 85(1), pages 98-122, March.
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    104. Campbell, John Y, 1987. "Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis," Econometrica, Econometric Society, vol. 55(6), pages 1249-1273, November.
    105. Jönsson, Kristian, 2004. "Effective Consumption and Non-Keynesian Effects of Fiscal Policy," Working Papers 2004:26, Lund University, Department of Economics.
    106. John Duffy, 2008. "Macroeconomics: A Survey of Laboratory Research," Working Paper 334, Department of Economics, University of Pittsburgh, revised Jun 2014.
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    110. Shibata, Akihisa & Shintani, Mototsugu, 1998. "Capital mobility in the world economy: an alternative test," Journal of International Money and Finance, Elsevier, vol. 17(5), pages 741-756, October.
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    113. Wang, Neng, 2006. "Generalizing the permanent-income hypothesis: Revisiting Friedman's conjecture on consumption," Journal of Monetary Economics, Elsevier, vol. 53(4), pages 737-752, May.
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Chapters

  1. Fumio Hayashi & Edward C. Prescott, 2004. "The 1990s in Japan: a lost decade," Chapters, in: Paolo Onofri (ed.), The Economics of an Ageing Population, chapter 2, Edward Elgar Publishing.
    See citations under working paper version above.
  2. Magnus Blomstrom & Jennifer Corbett & Fumio Hayashi & Anil Kashyap, 2003. "Introduction to "Structural Impediments to Growth in Japan"," NBER Chapters, in: Structural Impediments to Growth in Japan, pages 1-8, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jerzy Grabowiecki, 2005. "Przyczyny stagnacji gospodarczej Japonii," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5-6, pages 63-83.
    2. Kosuke Aoki & Naoko Hara & Maiko Koga, 2017. "Structural Reforms, Innovation and Economic Growth," Bank of Japan Working Paper Series 17-E-2, Bank of Japan.

  3. Fumio Hayashi, 1991. "Taxes and Corporate Investment in Japanese Manufacturing," NBER Chapters, in: Productivity Growth in Japan and the United States, pages 295-316, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  4. Fumio Hayashi, 1986. "Why Is Japan's Saving Rate So Apparently High?," NBER Chapters, in: NBER Macroeconomics Annual 1986, Volume 1, pages 147-234, National Bureau of Economic Research, Inc.

    Cited by:

    1. Yuji Horioka, Charles, 1988. "Why is Japan's Household Saving Rate So High? A Literature Survey," CEPR Publications 244421, Stanford University, Center for Economic Policy Research.
    2. Thomas A. Barthold & Takatoshi Ito, 1991. "Bequest Taxes and Accumulation of Household Wealth: U.S.-Japan Comparison," Discussion Paper Series a233, Institute of Economic Research, Hitotsubashi University.
    3. Charles Yuji Horioka & Wataru Suzuki & Tatsuo Hatta, 2007. "Aging, Saving, and Public Pensions in Japan," ISER Discussion Paper 0692, Institute of Social and Economic Research, Osaka University.
    4. Yi Wen, 2011. "Making sense of China’s astronomical foreign reserves," Working Papers 2011-018, Federal Reserve Bank of St. Louis.
    5. Horioka, Charles Yuji, 2015. "IS Imbalances and Current Account Surpluses in Japan: In Memory of Professor Ronald I. McKinnon," AGI Working Paper Series 2015-14, Asian Growth Research Institute.
    6. Charles Yuji Horioka, 2008. "The Flow of Household Funds in Japan," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 4(1), pages 37-52, December.
    7. Yoshida, Jiro, 2020. "The economic depreciation of real estate: Cross-sectional variations and their return implications," Pacific-Basin Finance Journal, Elsevier, vol. 61(C).
    8. Milka Kirova & Robert E. Lipsey, 1998. "Measuring real investment: trends in the United States and international comparisons," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 3-18.
    9. Rosenzweig, Mark R. & Zhang, Junsen, 2014. "Co-residence, Life-Cycle Savings and Inter-generational Support in Urban China," Working Papers 131, Yale University, Department of Economics.
    10. David Meerschwam, 1991. "The Japanese Financial System and the Cost of Capital," NBER Chapters, in: Trade with Japan: Has the Door Opened Wider?, pages 191-224, National Bureau of Economic Research, Inc.
    11. Robert Dekle, 2004. "Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows in Immigration," NBER Working Papers 10781, National Bureau of Economic Research, Inc.
    12. Susan M. Collins, 1991. "Saving Behavior in Ten Developing Countries," NBER Chapters, in: National Saving and Economic Performance, pages 349-376, National Bureau of Economic Research, Inc.
    13. Nobuhiro Kiyotaki & Kenneth D. West, 2006. "Land Prices and Business Fixed Investment in Japan," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 12, Edward Elgar Publishing.
    14. Masakatsu Okubo, 2011. "The Intertemporal Elasticity of Substitution: An Analysis Based on Japanese Data," Economica, London School of Economics and Political Science, vol. 78(310), pages 367-390, April.
    15. Robert E. Lipsey & Irving B. Kravis, 1987. "Is the U.S. a Spendthrift Nation?," NBER Working Papers 2274, National Bureau of Economic Research, Inc.
    16. Charles Yuji Horioka, 2009. "Do Bequests Increase or Decrease Wealth Inequalities?," ISER Discussion Paper 0729, Institute of Social and Economic Research, Osaka University.
    17. Yoshitaka Koda & Manachaya Uruyos, 2015. "Altruism and four shades of family relationships," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(2), pages 345-365, December.
    18. Horioka, Charles Yuji, 2010. "The (dis)saving behavior of the aged in Japan," Japan and the World Economy, Elsevier, vol. 22(3), pages 151-158, August.
    19. Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," Post-Print halshs-01109372, HAL.
    20. Shinobu Nakagawa, 1999. "Why Has Japan's Household Savings Rate Remained High even during the 1990s? --Empirical Analysis on Risk Bias Viewed by the Characteristics of the Household Sector--," Bank of Japan Research Papers 1999-07, Bank of Japan.
    21. Charles Horioka, 2014. "Are Americans and Indians more altruistic than the Japanese and Chinese? Evidence from a new international survey of bequest plans," Review of Economics of the Household, Springer, vol. 12(3), pages 411-437, September.
    22. Benigno Valdés, 2003. "An Application of Convergence Theory to Japan's Post-WWII Economic “Miracle”," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(1), pages 61-81, January.
    23. Park, Daekeun & Rhee, Changyong, 2005. "Saving, growth, and demographic change in Korea," Journal of the Japanese and International Economies, Elsevier, vol. 19(3), pages 394-413, September.
    24. Eiji Fujii, 2017. "Government Size, Trade Openness, and Output Volatility: A Case of fully Integrated Economies," Open Economies Review, Springer, vol. 28(4), pages 661-684, September.
    25. Riccardo Cristadoro & Daniela Marconi, 2012. "Household savings in China," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 10(3), pages 275-299, November.
    26. Charles Yuji Horioka, 2020. "Does the Selfish Life-Cycle Model Apply in the Case of Japan?," ISER Discussion Paper 1084, Institute of Social and Economic Research, Osaka University.
    27. Charles Yuji Horioka, 2020. "Is the Selfish Life-Cycle Model More Applicable in Japan and, If So, Why? A Literature Survey," ISER Discussion Paper 1102, Institute of Social and Economic Research, Osaka University.
    28. Heng-fu Zou, 1995. "The spirit of capitalism and savings behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 28(1), pages 131-143, September.
    29. Iwamoto, Yasushi, 1996. "Japan's saving rate is indeed lower than Professor Hayashi revealed," Japan and the World Economy, Elsevier, vol. 8(1), pages 35-41, March.
    30. Junya Hamaaki & Masahiro Hori & Keiko Murata, 2014. "Intergenerational Transfers and Asset Inequality in Japan: Empirical Evidence from New Survey Data," Asian Economic Journal, East Asian Economic Association, vol. 28(1), pages 41-62, March.
    31. Edwards, Sebastian, 1996. "Why are Latin America's savings rates so low? An international comparative analysis," Journal of Development Economics, Elsevier, vol. 51(1), pages 5-44, October.
    32. Shimono Keiko & Ishikawa Miho, 2002. "Estimating the Size of Bequests in Japan: 1986-1994," International Economic Journal, Taylor & Francis Journals, vol. 16(3), pages 1-21.
    33. Fumio Hayashi, 1991. "Measuring Depreciation For Japan: Rejoinder to Dekle and Summers," NBER Working Papers 3836, National Bureau of Economic Research, Inc.
    34. Masahiro Hori & Koichiro Iwamoto & Takeshi Niizeki & Fumihiko Suga, 2016. "Do the Rich Save More in Japan? Evidence Based on two Micro Data Sets for the 2000s," The Japanese Economic Review, Springer, vol. 67(4), pages 474-494, December.
    35. Albert Ando & Dimitrios Christelis & Tsutomu Miyagawa, 2003. "Inefficiency of Corporate Investment and Distortion of Savings Behavior in Japan," NBER Working Papers 9444, National Bureau of Economic Research, Inc.
    36. Diego A. Comin & Bart Hobijn, 2010. "Technology Diffusion and Postwar Growth," NBER Working Papers 16378, National Bureau of Economic Research, Inc.
    37. Rudiger Dornbusch, 1988. "The adjustment mechanism: theory and problems," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 32, pages 195-228.
    38. Tokuo Iwaisako & Keiko Okada, 2010. "Understanding the Decline in Japan's Saving Rate in the New Millennium," Macroeconomics Working Papers 23113, East Asian Bureau of Economic Research.
    39. Azuma, Yoshiaki & Nakao, Takeo, 2009. "Why the saving rate has been falling in Japan," MPRA Paper 62581, University Library of Munich, Germany.
    40. Carmen Camacho & Fatih Harmankaya & Cagri Saglam, 2020. "Social status pursuit, distribution of bequests and inequality," Post-Print halshs-02973008, HAL.
    41. Yi Wen, 2009. "Saving and growth under borrowing constraints explaining the \"high saving rate\" puzzle," Working Papers 2009-045, Federal Reserve Bank of St. Louis.
    42. Zhijun Sheng & Xiaowei Mu, 2012. "Research on the Changes in Japan¡¯s Savings Rate," Business and Management Research, Business and Management Research, Sciedu Press, vol. 1(3), pages 121-124, September.
    43. Selahattin Imrohoroglu & Ayse Imrohoroglu & Kaiji Chen, 2006. "The Japanese Saving Rate," American Economic Review, American Economic Association, vol. 96(5), pages 1850-1858, December.
    44. Ihori, Toshihiro, 1995. "Public policy and economic growth: Japan and the United States," Japan and the World Economy, Elsevier, vol. 7(1), pages 113-130, May.
    45. Sophia Latsos & Gunther Schnabl, 2021. "Determinants of Japanese Household Saving Behavior in the Low-Interest Rate Environment," CESifo Working Paper Series 8927, CESifo.
    46. Jeffrey A. Frankel, 1991. "Japanese Finance in the 1980s: A Survey," NBER Chapters, in: Trade with Japan: Has the Door Opened Wider?, pages 225-270, National Bureau of Economic Research, Inc.
    47. Yoshida, Jiro, 2016. "Structure Depreciation and the Production of Real Estate Services," HIT-REFINED Working Paper Series 44, Institute of Economic Research, Hitotsubashi University.
    48. Fumio Hayashi & Takatoshi Ito & Joel Slemrod, 1987. "Housing Finance Imperfections and Private Saving: A Comparative Simulation Analysis of the U.S. and Japan," NBER Working Papers 2272, National Bureau of Economic Research, Inc.
    49. Milka Kirova & Robert E. Lipsey, 1997. "Does the United States invest \"too little?\"," Working Papers 1997-020, Federal Reserve Bank of St. Louis.
    50. Charles Yuji Horioka, 2006. "Do the Elderly Dissave in Japan?," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 5, Edward Elgar Publishing.
    51. Takatotshi Ito, 1996. "Japan and the Asian Economies: A 'Miracle' in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 205-272.
    52. Shimono, Keiko & Otsuki, Hideaki, 2006. "The distribution of bequests in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 20(1), pages 77-86, March.
    53. Shuhei Aoki & Makoto Nirei & Kazufumi Yamana, 2018. "Risk-Taking, Inequality and Output in the Long-Run," Bank of Japan Working Paper Series 18-E-4, Bank of Japan.
    54. Sebastian Edwards, 1995. "Why are Saving Rates so Different Across Countries?: An International Comparative Analysis," NBER Working Papers 5097, National Bureau of Economic Research, Inc.
    55. Charles Yuji Horioka, 2014. "Why Do People Leave Bequests? For Love or Self-Interest? Evidence from a New International Survey of Bequest Plans," UP School of Economics Discussion Papers 201406, University of the Philippines School of Economics.
    56. Robert Dekle & Lawrence Summers, 1991. "Japan's High Saving Rate Reaffirmed," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 9(2), pages 63-78, September.
    57. Kevin Luo & Tomoko Kinugasa, 2018. "Do natural disasters influence long-term saving?: Assessing the impact of the 2008 Sichuan earthquake on household saving rates using synthetic control," Discussion Papers 1804, Graduate School of Economics, Kobe University.
    58. Xin Wang & Yi Wen, 2010. "Can rising housing prices explain China’s high household saving rate?," Working Papers 2010-048, Federal Reserve Bank of St. Louis.
    59. Daniel L. McFadden, 1994. "Problems of Housing the Elderly in the United States and Japan," NBER Chapters, in: Aging in the United States and Japan: Economic Trends, pages 109-138, National Bureau of Economic Research, Inc.
    60. Kentaro Katayama, 2006. "Why Does Japan’s Saving Rate Decline So Rapidly?," Finance Working Papers 22032, East Asian Bureau of Economic Research.
    61. Ramon L. Clarete & Ernesto M. Pernia & Ammielou Gaduena & Adrian Mendoza, 2014. "The Role of Science, Technology and Research in Economic Development," UP School of Economics Discussion Papers 201407, University of the Philippines School of Economics.
    62. Campbell, David W., 2004. "Explaining Japan's saving rate," Journal of Asian Economics, Elsevier, vol. 15(4), pages 797-815, August.
    63. Kevin Luo & Tomoko Kinugasa, 2020. "Challenges for China’s economic development: the saving glut and policy implication," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 47-75, February.
    64. Ge, Suqin & Yang, Dennis T. & Zhang, Junsen, 2012. "Population Policies, Demographic Structural Changes, and the Chinese Household Saving Puzzle," IZA Discussion Papers 7026, Institute of Labor Economics (IZA).
    65. Lawrence J. Christiano, 1989. "Understanding Japan's saving rate: the reconstruction hypothesis," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 13(Spr), pages 10-25.
    66. Magnus Blomstrom & Robert E. Lipsey & Mario Zejan, 1993. "Is Fixed Investment the Key to Economic Growth?," NBER Working Papers 4436, National Bureau of Economic Research, Inc.
    67. Charles Yuji Horioka, 2002. "Are the Japanese Selfish, Altruistic or Dynastic?," The Japanese Economic Review, Japanese Economic Association, vol. 53(1), pages 26-54, March.
    68. David W. Campbell, 1999. "Explaining Japan's Saving Rate," Macroeconomics 9902004, University Library of Munich, Germany.
    69. Charles Yuji Horioka, 2006. "The Dissaving of the Aged Revisited: The Case of Japan," ISER Discussion Paper 0665, Institute of Social and Economic Research, Osaka University.
    70. Fumio Hayashi, 1989. "Japan's Saving Rate: New Data and Reflections," NBER Working Papers 3205, National Bureau of Economic Research, Inc.
    71. R. & Junsen Zhang, 2019. "Housing Prices, Inter-generational Co-residence, and “Excess†Savings by the Young: Evidence using Chinese Data," Working Papers 2019-059, Human Capital and Economic Opportunity Working Group.
    72. Fumio Hayashi, 1989. "Is Japan's saving rate high?," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 13(Spr), pages 3-9.
    73. Nobuhiro Kiyotaki & Kenneth D. West, 1996. "Business Fixed Investment and the Recent Business Cycle in Japan," NBER Working Papers 5546, National Bureau of Economic Research, Inc.
    74. Charles Yuji Horioka, 2007. "A Survey of Household Saving Behavior in Japan," ISER Discussion Paper 0684, Institute of Social and Economic Research, Osaka University.
    75. Xin Wang & Yi Wen, 2012. "Housing prices and the high Chinese saving rate puzzle," Working Papers 2012-038, Federal Reserve Bank of St. Louis.
    76. Albert Ando & Luigi Guiso & Daniele Terlizzese & Daniel Dorsainvil, 1991. "Younger Households Saving: Evidence From Japan and Italy," NBER Working Papers 3871, National Bureau of Economic Research, Inc.
    77. Miguel Sánchez Romero & Naohiro Ogawa & Rikiya Matsukura, 2013. "To give or not to give: bequest estimate and wealth impact based on a CGE model with realistic demography in Japan," MPIDR Working Papers WP-2013-012, Max Planck Institute for Demographic Research, Rostock, Germany.

Books

  1. Magnus Blomström & Jennifer Corbett & Fumio Hayashi & Anil Kashyap, 2003. "Structural Impediments to Growth in Japan," NBER Books, National Bureau of Economic Research, Inc, number blom03-1, June.

    Cited by:

    1. Kazuo Ogawa, 2004. "Debt, R&D Investment and Technological Progress: A Panel Study of Japanese Manufacturing Firms in the 90s," ISER Discussion Paper 0607, Institute of Social and Economic Research, Osaka University.
    2. KATO Takao & KODAMA Naomi, 2015. "Work-Life Balance Practices, Performance-Related Pay, and Gender Equality in the Workplace: Evidence from Japan," Discussion papers 15112, Research Institute of Economy, Trade and Industry (RIETI).
    3. Satoshi Imai & Tsutomu Watanabe, 2015. "Replicating Japan's CPI Using Scanner Data," CARF F-Series CARF-F-364, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    4. Hirakata, Naohisa & Sudo, Nao & Takei, Ikuo & Ueda, Kozo, 2016. "Japan's financial crises and lost decades," Japan and the World Economy, Elsevier, vol. 40(C), pages 31-46.
    5. Yusuke Oh & Koji Takahashi, 2020. "R&D and Innovation: Evidence from Patent Data," Bank of Japan Working Paper Series 20-E-7, Bank of Japan.
    6. Robert Dekle, 2004. "Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows in Immigration," NBER Working Papers 10781, National Bureau of Economic Research, Inc.
    7. Hakenes, Hendrik & Schnabel, Isabel, 2004. "Banks without parachutes : competitive effects of government bail-out policies," Papers 04-53, Sonderforschungsbreich 504.
    8. Nelson, Benjamin & Tanaka, Misa, 2014. "Dealing with a banking crisis: what lessons can be learned from Japan’s experience?," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 36-48.
    9. Yongseok Shin & Benjamin Moll & Francisco J. Buera, 2011. "Well-Intended Policies," 2011 Meeting Papers 1244, Society for Economic Dynamics.
    10. Nobuhiro Kiyotaki & Kenneth D. West, 2006. "Land Prices and Business Fixed Investment in Japan," Chapters, in: Lawrence R. Klein (ed.), Long-run Growth and Short-run Stabilization, chapter 12, Edward Elgar Publishing.
    11. Tai-Wei Hu & Luis Araujo, 2015. "Optimal Monetary Interventions in Credit Markets," 2015 Meeting Papers 176, Society for Economic Dynamics.
    12. Ian Maitland & Mitsuhiro Umezu, 2006. "An Evaluation of Japan's Stakeholder Capitalism," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 22(Spring 20), pages 131-164.
    13. Limpaphayom, Piman & Rogers, Daniel A. & Yanase, Noriyoshi, 2019. "Bank equity ownership and corporate hedging: Evidence from Japan," Journal of Corporate Finance, Elsevier, vol. 58(C), pages 765-783.
    14. Sumner J. La Croix & Akihiko Kawaura, 2005. "Institutional Change in Japan: Theory, Evidence, and Reflections," Economics Study Area Working Papers 82, East-West Center, Economics Study Area.
    15. Masami Imai, 2009. "Political Determinants of Government Loans in Japan," Journal of Law and Economics, University of Chicago Press, vol. 52(1), pages 41-70, February.
    16. Hoshi, Takeo & Ito, Takatoshi, 2004. "Financial regulation in Japan: a sixth year review of the Financial Services Agency," Journal of Financial Stability, Elsevier, vol. 1(2), pages 229-243, December.
    17. Lee Branstetter & Kwon Hyeog Ug, 2004. "The Restructuring Of Japanese Research And Development: The Increasing Impact Of Science On Japanese R&D," Discussion papers 04021, Research Institute of Economy, Trade and Industry (RIETI).
    18. IMAI Satoshi & SHIMIZU Chihiro & WATANABE Tsutomu, 2012. "How Fast Are Prices in Japan Falling?," Discussion papers 12075, Research Institute of Economy, Trade and Industry (RIETI).
    19. Muraközy, László, 2015. "A fejlesztő állam megszületése, virágzása és hanyatlása Japánban. A racionális szamurájoktól az abenomicsig [The birth, flowering and decline of the Japanese developmental state. From rational samu," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 172-199.
    20. Anil K. Kashyap, 2002. "Sorting out Japan's financial crisis," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 26(Q IV), pages 42-55.
    21. Alan J. Auerbach & Maurice Obstfeld, 2005. "The Case for Open-Market Purchases in a Liquidity Trap," American Economic Review, American Economic Association, vol. 95(1), pages 110-137, March.
    22. Marianne Rubinstein, 2008. "Le marché de l’immobilier résidentiel en France : évolutions récentes et perspectives," Revue d'Économie Financière, Programme National Persée, vol. 91(1), pages 143-163.
    23. Suparna Chakraborty, 2005. "Real Estate Prices, Borrowing Constraints and Business Cycles -A Study of the Japanese Economy," Macroeconomics 0504012, University Library of Munich, Germany.
    24. Tarun Khanna & Yishay Yafeh, 2007. "Business Groups in Emerging Markets: Paragons or Parasites?," Journal of Economic Literature, American Economic Association, vol. 45(2), pages 331-372, June.
    25. Nakashima, Kiyotaka & Takahashi, Koji, 2018. "The real effects of bank-driven termination of relationships: Evidence from loan-level matched data," Journal of Financial Stability, Elsevier, vol. 39(C), pages 46-65.
    26. Oren Levintal, 2012. "Equity Capital, Bankruptcy Risk and the Liquidity Trap," Working Papers 2012-07, Bar-Ilan University, Department of Economics.
    27. Satoshi Imai & Chihiro Shimizu & Tsutomu Watanabe, 2012. "How Fast Are Prices in Japan Falling?," CARF F-Series CARF-F-298, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    28. Jerzy Grabowiecki, 2005. "Przyczyny stagnacji gospodarczej Japonii," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5-6, pages 63-83.
    29. Satoshi Imai & Tsutomu Watanabe, 2015. "Replicating Japan’s CPI Using Scanner Data," UTokyo Price Project Working Paper Series 054, University of Tokyo, Graduate School of Economics.
    30. Bunkanwanicha, Pramuan & Wiwattanakantang, Yupana & ウィワッタナカンタン, ユパナ, 2008. "Allocating Risk Across Pyramidal Tiers: Evidence from Thai Business Groups," CEI Working Paper Series 2007-14, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    31. Alvaro Cuervo-Cazurra, 2006. "Business groups and their types," Asia Pacific Journal of Management, Springer, vol. 23(4), pages 419-437, December.
    32. Ashish Arora & Lee G. Branstetter & Matej Drev, 2011. "Going Soft: How the Rise of Software Based Innovation Led to the Decline of Japan's IT Industry and the Resurgence of Silicon Valley," Global COE Hi-Stat Discussion Paper Series gd11-199, Institute of Economic Research, Hitotsubashi University.
    33. de Jong, Abe & Roosenboom, Peter & Schramade, Willem, 2006. "Bond underwriting fees and keiretsu affiliation in Japan," Pacific-Basin Finance Journal, Elsevier, vol. 14(5), pages 522-545, November.
    34. Yasushi Iwamoto, 2002. "The Fiscal Investment and Loan Program in Transition," CIRJE F-Series CIRJE-F-168, CIRJE, Faculty of Economics, University of Tokyo.
    35. Takeo Hoshi & Takatoshi Ito, 2012. "Defying Gravity: How Long Will Japanese Government Bond Prices Remain High?," NBER Working Papers 18287, National Bureau of Economic Research, Inc.
    36. Shimizutani, Satoshi, 2012. "Quality growth: New evidence from Japanese household-level data," Economics Letters, Elsevier, vol. 114(1), pages 76-79.
    37. Smith, David C., 2003. "Loans to Japanese borrowers," Journal of the Japanese and International Economies, Elsevier, vol. 17(3), pages 283-304, September.
    38. HIGA, Kazuhito & 比嘉, 一仁, 2014. "Estimating Upward Bias of Japanese Consumer Price Index Using Engel's Law," Discussion Papers 2014-21, Graduate School of Economics, Hitotsubashi University.
    39. W Max Corden & Sisira Jayasuriya, 2016. "The Japanese macroeconomic mystery," Departmental Working Papers 2016-03, The Australian National University, Arndt-Corden Department of Economics.
    40. Tsuyoshi Nakamura & Kazuo Ueda, 2006. "On the Failure of University-Industry Research Collaboration to Stimulate High Quality Research in Japan," CIRJE F-Series CIRJE-F-404, CIRJE, Faculty of Economics, University of Tokyo.
    41. Ono, Hiroshi, 2004. "Are sons and daughters substitutable?: Allocation of family resources in contemporary Japan," Journal of the Japanese and International Economies, Elsevier, vol. 18(2), pages 143-160, June.
    42. MIYAGAWA Tsutomu & TAKIZAWA Miho & TONOGI Konomi, 2016. "Declining Rate of Return on Capital and the Role of Intangibles in Japan," Discussion papers 16051, Research Institute of Economy, Trade and Industry (RIETI).
    43. Yamashita, Nobuaki, 2021. "Economic crisis and innovation capacity of Japan: Evidence from cross-country patent citations," Technovation, Elsevier, vol. 101(C).
    44. VAN OVERFELT, Wouter & ANNAERT, Jan & DE CEUSTER, Marc & DELOOF, Marc, 2007. "Do universal banks create value? Universal bank affiliation and company performance in Belgium, 1905-1909," Working Papers 2007001, University of Antwerp, Faculty of Business and Economics.
    45. Lee Branstetter, 2000. "Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan's FDI in the United States," NBER Working Papers 8015, National Bureau of Economic Research, Inc.
    46. Charles Yuji Horioka, 2006. "The Causes of Japan's "Lost Decade": The Role of Household Consumption," NBER Working Papers 12142, National Bureau of Economic Research, Inc.
    47. Hiroki Arato & Katsunori Yamada, 2010. "Japan's Intangible Capital and Valuation of Corporations in a Neoclassical Framework," ISER Discussion Paper 0772, Institute of Social and Economic Research, Osaka University, revised Nov 2011.
    48. Hideaki Miyajima & Yishay Yafeh, 2003. "Japan's Banking Crisis: Who has the Most to Lose?," Discussion papers 03010, Research Institute of Economy, Trade and Industry (RIETI).
    49. Chih-Hai Yang & Chia-Hui Huang, 2013. "Is Taiwan's R&D productivity in decline? A microeconometric analysis," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 14(1), pages 137-155, February.
    50. Hoshi, Takeo & Kashyap, Anil K, 2010. "Will the U.S. bank recapitalization succeed? Eight lessons from Japan," Journal of Financial Economics, Elsevier, vol. 97(3), pages 398-417, September.
    51. Jan Jacobs & Kazuo Ogawa & Elmer Sterken & Ichiro Tokutsu, 2020. "Public Debt, Economic Growth and the Real Interest Rate: A Panel VAR Approach to EU and OECD Countries," Applied Economics, Taylor & Francis Journals, vol. 52(12), pages 1377-1394, March.
    52. Unayama, Takashi, 2004. "Upward bias in the consumer price index under the zero-inflation economy," Economics Letters, Elsevier, vol. 85(1), pages 139-144, October.
    53. Cuong Nguyen, 2019. "The asymmetry in firms’ mechanisms of cash holdings adjustments: evidence from the G-5 economies," Review of Quantitative Finance and Accounting, Springer, vol. 53(2), pages 429-463, August.
    54. Oshio, Takashi, 2004. "Social security and trust fund management," Journal of the Japanese and International Economies, Elsevier, vol. 18(4), pages 528-550, December.
    55. Helwege, Jean & Packer, Frank, 2003. "Determinants of the choice of bankruptcy procedure in Japan," Journal of Financial Intermediation, Elsevier, vol. 12(1), pages 96-120, January.
    56. An Buysschaert & Marc Deloof & Marc Jegers & An Rommens, 2008. "Is Group Affiliation Profitable in Developed Countries? Belgian Evidence," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(6), pages 504-518, November.
    57. Kambayashi, Ryo & Kato, Takao, 2011. "Long-term Employment and Job Security over the Last Twenty-Five Years: A Comparative Study of Japan and the U.S," IZA Discussion Papers 6183, Institute of Labor Economics (IZA).
    58. Kenshi Taketa & Gregory F. Udell, 2007. "Lending Channels and Financial Shocks: The Case of Small and Medium-Sized Enterprise Trade Credit and the Japanese Banking Crisis," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 25(2), pages 1-44, November.
    59. Ogawa, Kazuo, 2007. "Debt, R&D investment and technological progress: A panel study of Japanese manufacturing firms' behavior during the 1990s," Journal of the Japanese and International Economies, Elsevier, vol. 21(4), pages 403-423, December.
    60. Ono, Hiroshi & Lee, Kristen Schultz, 2006. "Specialization and Happiness: A U.S.-Japan Comparison," SSE/EFI Working Paper Series in Economics and Finance 631, Stockholm School of Economics, revised 18 Feb 2008.
    61. Richard S. Grossman & Masami Imai, 2011. "Contingent Capital and Bank Risk-Taking among British Banks before World War I," Wesleyan Economics Working Papers 2011-003, Wesleyan University, Department of Economics.
    62. Ogawa, Kazuo & Imai, Kentaro, 2014. "Why do commercial banks hold government bonds? The case of Japan," Journal of the Japanese and International Economies, Elsevier, vol. 34(C), pages 201-216.
    63. David C. Smith, 2003. "Loans to Japanese borrowers," International Finance Discussion Papers 769, Board of Governors of the Federal Reserve System (U.S.).
    64. Lee Branstetter & Reiko Aoki, 2005. "Is Academic Science Raising Innovative Productivity? Theory and Evidence from Firm-Level Data," Hi-Stat Discussion Paper Series d05-86, Institute of Economic Research, Hitotsubashi University.
    65. Heather Montgomery & Satoshi Shimizutani, 2005. "The Effectiveness of Bank Recapitalization in Japan," Hi-Stat Discussion Paper Series d05-105, Institute of Economic Research, Hitotsubashi University.
    66. Cargill, Thomas, 2004. "Japan’s Economic and Financial Stagnation and the Possibility of a Second Lost Decade," EIJS Working Paper Series 199, Stockholm School of Economics, The European Institute of Japanese Studies.
    67. Imai, Masami, 2020. "Government financial institutions and capital allocation efficiency in Japan," Journal of Banking & Finance, Elsevier, vol. 118(C).
    68. Yishay Yafeh, 2002. "An International Perspective of Japan's Corporate Groups and their Prospects," NBER Working Papers 9386, National Bureau of Economic Research, Inc.
    69. Philip PilSoo Choi, 2016. "Evolution of Samsung group and its central office: Imperfect market and capacity-building," Asian Business & Management, Palgrave Macmillan, vol. 15(5), pages 370-398, December.
    70. KATO Takao & KODAMA Naomi, 2015. "Performance-related Pay and Productivity: Evidence from Japan," Discussion papers 15088, Research Institute of Economy, Trade and Industry (RIETI).
    71. Hiroshi Ono & Madeline Zavodny, 2004. "Gender differences in information technology usage: a U.S.-Japan comparison," FRB Atlanta Working Paper 2004-2, Federal Reserve Bank of Atlanta.
    72. David C. Smith, 2002. "Loans to Japanese borrowers," Pacific Basin Working Paper Series 2002-11, Federal Reserve Bank of San Francisco.
    73. Tsutomu Miyagawa & Miho Takizawa & Konomi Tonogi, 2017. "Can Intangible Investments Ease Declining Rates of Return on Capital in Japan?," International Productivity Monitor, Centre for the Study of Living Standards, vol. 33, pages 114-127, Fall.
    74. Imai, Masami, 2012. "Local economic effects of a government-owned depository institution: Evidence from a natural experiment in Japan," Journal of Financial Intermediation, Elsevier, vol. 21(1), pages 1-22.
    75. Satoshi Imai & Chihiro Shimizu & Tsutomu Watanabe, 2012. "How Fast Are Prices in Japan Falling?," UTokyo Price Project Working Paper Series 001, University of Tokyo, Graduate School of Economics, revised Oct 2012.
    76. Takeo Hoshi & Anil K. Kashyap, 2004. "Japan's Financial Crisis and Economic Stagnation," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 3-26, Winter.
    77. Kosuke Aoki & Naoko Hara & Maiko Koga, 2017. "Structural Reforms, Innovation and Economic Growth," Bank of Japan Working Paper Series 17-E-2, Bank of Japan.

  2. Blomstrom, Magnus & Corbett, Jennifer & Hayashi, Fumio & Kashyap, Anil (ed.), 2003. "Structural Impediments to Growth in Japan," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226060217, October.

    Cited by:

    1. KATO Takao & KODAMA Naomi, 2015. "Work-Life Balance Practices, Performance-Related Pay, and Gender Equality in the Workplace: Evidence from Japan," Discussion papers 15112, Research Institute of Economy, Trade and Industry (RIETI).
    2. Robert Dekle, 2004. "Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows in Immigration," NBER Working Papers 10781, National Bureau of Economic Research, Inc.
    3. Hakenes, Hendrik & Schnabel, Isabel, 2004. "Banks without parachutes : competitive effects of government bail-out policies," Papers 04-53, Sonderforschungsbreich 504.
    4. Yongseok Shin & Benjamin Moll & Francisco J. Buera, 2011. "Well-Intended Policies," 2011 Meeting Papers 1244, Society for Economic Dynamics.
    5. Hoshi, Takeo & Ito, Takatoshi, 2004. "Financial regulation in Japan: a sixth year review of the Financial Services Agency," Journal of Financial Stability, Elsevier, vol. 1(2), pages 229-243, December.
    6. Lee Branstetter & Kwon Hyeog Ug, 2004. "The Restructuring Of Japanese Research And Development: The Increasing Impact Of Science On Japanese R&D," Discussion papers 04021, Research Institute of Economy, Trade and Industry (RIETI).
    7. Muraközy, László, 2015. "A fejlesztő állam megszületése, virágzása és hanyatlása Japánban. A racionális szamurájoktól az abenomicsig [The birth, flowering and decline of the Japanese developmental state. From rational samu," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 172-199.
    8. Jerzy Grabowiecki, 2005. "Przyczyny stagnacji gospodarczej Japonii," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5-6, pages 63-83.
    9. Bunkanwanicha, Pramuan & Wiwattanakantang, Yupana & ウィワッタナカンタン, ユパナ, 2008. "Allocating Risk Across Pyramidal Tiers: Evidence from Thai Business Groups," CEI Working Paper Series 2007-14, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    10. W Max Corden & Sisira Jayasuriya, 2016. "The Japanese macroeconomic mystery," Departmental Working Papers 2016-03, The Australian National University, Arndt-Corden Department of Economics.
    11. Chih-Hai Yang & Chia-Hui Huang, 2013. "Is Taiwan's R&D productivity in decline? A microeconometric analysis," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 14(1), pages 137-155, February.
    12. Kambayashi, Ryo & Kato, Takao, 2011. "Long-term Employment and Job Security over the Last Twenty-Five Years: A Comparative Study of Japan and the U.S," IZA Discussion Papers 6183, Institute of Labor Economics (IZA).
    13. Lee Branstetter & Reiko Aoki, 2005. "Is Academic Science Raising Innovative Productivity? Theory and Evidence from Firm-Level Data," Hi-Stat Discussion Paper Series d05-86, Institute of Economic Research, Hitotsubashi University.
    14. Cargill, Thomas, 2004. "Japan’s Economic and Financial Stagnation and the Possibility of a Second Lost Decade," EIJS Working Paper Series 199, Stockholm School of Economics, The European Institute of Japanese Studies.
    15. Imai, Masami, 2020. "Government financial institutions and capital allocation efficiency in Japan," Journal of Banking & Finance, Elsevier, vol. 118(C).
    16. KATO Takao & KODAMA Naomi, 2015. "Performance-related Pay and Productivity: Evidence from Japan," Discussion papers 15088, Research Institute of Economy, Trade and Industry (RIETI).
    17. David C. Smith, 2002. "Loans to Japanese borrowers," Pacific Basin Working Paper Series 2002-11, Federal Reserve Bank of San Francisco.
    18. Imai, Masami, 2012. "Local economic effects of a government-owned depository institution: Evidence from a natural experiment in Japan," Journal of Financial Intermediation, Elsevier, vol. 21(1), pages 1-22.
    19. Kosuke Aoki & Naoko Hara & Maiko Koga, 2017. "Structural Reforms, Innovation and Economic Growth," Bank of Japan Working Paper Series 17-E-2, Bank of Japan.

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