Content
December 2002, Volume 20, Issue S1
- 91-111 Exchange Rate Regimes in the Americas: Is Dollarization the Solution?
by Corbo, Vittorio - 123-154 Monetary and Fiscal Policy in the European Monetary Union
by von-Hagen, Jurgen & Bruckner, Matthias - 167-204 Exchange Rate Arrangements in East Asia: Lessons from the 1997-98 Currency Crisis
by Kawai, Masahiro - 215-232 Independent Currency Unions, Growth, and Inflation
by Edwards, Sebastian & Magendzo, I-Igal - 241-274 "Exchange Rate Regimes in the 21st Century," Concluding Panel Discussion: The Role of Central Banks in Exchange Rate Regimes in the 21st Century
by Kunio Okina & Allan H. Meltzer & Maurice Obstfeld & Roger W. Ferguson, Jr. & Pierre van der Haegen & Yutaka Yamaguchi - 275-278 "Exchange Rate Regimes in the 21st Century," Final Remarks
by Kazuo Ueda
October 2002, Volume 20, Issue 3
- 1-34 Pricing-to-Market (PTM) and the International Monetary Policy Transmission: The "New Open-Economy Macroeconomics" Approach
by Otani, Akira - 35-76 Asset Price Bubbles, Price Stability, and Monetary Policy: Japan' s Experience
by Okina, Kunio & Shiratsuka, Shigenori - 77-116 Economic Developments and Monetary Policy Responses in Interwar Japan: Evaluation Based on the Taylor Rule
by Shizume, Masato - 117-142 Developments in Land Prices and Bank Lending in Interwar Japan: Effects of the Real Estate Finance Problem on the Banking Industry
by Nanjo, Takashi - 143-180 Devaluation and Exports in Interwar Japan: The Effects of Sharp Depreciation of the Yen in the Early 1930s
by Hatase, Mariko - 181-237 Comparative Analyses of Expected Shortfall and Value-at-Risk (3): Their Validity under Market Stress
by Yamai, Yasuhiro & Yoshiba, Toshinao
April 2002, Volume 20, Issue 2
- 1-23 Is There a Stable Money Demand Function under the Low Interest Rate Policy? A Panel Data Analysis
by Fujiki, Hiroshi & Hsiao, Cheng & Shen, Yan - 25-41 Money Demand near Zero Interest Rate: Evidence from Regional Data
by Fujiki, Hiroshi - 43-93 Japan's Financial System: Its Perspective and the Authorities' Roles in Redesigning and Administering System
by Baba, Naohiko & Hisada, Takamasa - 95-115 Comparative Analyses of Expected Shortfall and Value-at-Risk (2): Expected Utility Maximization and Tail Risk
by Yamai, Yasuhiro & Yoshiba, Toshinao - 117-134 Has Japan Been Left Out in the Cold by Regional Integration?
by Wall, Howard-J
January 2002, Volume 20, Issue 1
- 1-31 Policy Duration Effect under the Zero Interest Rate Policy in 1999-2000: Evidence from Japan's Money Market Data
by Fujiki, Hiroshi & Shiratsuka, Shigenori - 33-56 Identifying Aggregate Demand and Aggregate Supply Components of Inflation Rate: A Structural Vector Autoregression Analysis for Japan
by Mio, Hitoshi - 57-85 On the Validity of Value-at-Risk: Comparative Analyses with Expected Shortfall
by Yamai, Yasuhiro & Yoshiba, Toshinao - 87-121 Comparative Analyses of Expected Shortfall and Value-at-Risk: Their Estimation Error, Decomposition, and Optimization
by Yamai, Yasuhiro & Yoshiba, Toshinao - 123-159 Credit Cards and Debit Cards in the United States and Japan
by Ronald J. Mann
February 2001, Volume 19, Issue S1
- 1-8 "The Role of Monetary Policy under Low Inflation: Deflationary Shocks and Policy Responses," Introduction
by Kunio Okina & Hiroo Taguchi & Shigenori Shiratsuka - 9-12 "The Role of Monetary Policy under Low Inflation: Deflationary Shocks and Policy Responses," Opening Speech
by Masaru Hayami - 13-34 Monetary Transmission at Low Inflation: Some Clues from Japan in the 1990s
by Meltzer, Allan-H - 35-51 Low Inflation, Deflation, and Policies for Future Price Stability
by Taylor, John-B - 53-102 Policy Responses to the Post-bubble Adjustments in Japan: A Tentative Review
by Mori, Naruki & Shiratsuka, Shigenori & Taguchi, Hiroo - 113-134 Monetary Policy, Deflation, and Economic History: Lessons for the Bank of Japan
by Cargill, Thomas-F - 143-167 Financial Stability, Deflation, and Monetary Policy
by Goodfriend, Marvin - 177-208 Structural Issues in the Japanese Labor Market: An Era of Variety, Equity, and Efficiency or an Era of Bipolarization?
by Fujiki, Hiroshi & Nakada, Sachiko-Kuroda & Tachibanaki, Toshiaki - 213-227 Acknowledgement Misspecification in Macroeconomic Theory
by Hansen, Lars-Peter & Sargent, Thomas-J - 239-270 Financial Crises As the Failure of Arbitrage: Implications for Monetary Policy
by Saito, Makoto & Shiratsuka, Shigenori - 277-312 The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap
by Svensson, Lars-E-O - 323-360 Further Monetary Easing Policies under the Non-negativity Constraints of Nominal Interest Rates: Summary of the Discussion Based on Japan's Experience
by Oda, Nobuyuki & Okina, Kunio - 371-394 Concluding Panel Discussion: The Role of Monetary Policy under Low Inflation
by Vitor Gaspar - 395-450 The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons: Background Paper
by Okina, Kunio & Shirakawa, Masaaki & Shiratsuka, Shigenori
November 2001, Volume 19, Issue 3
- 77-96 Endogenous Sampling in Duration Models
by Amemiya, Takeshi - 97-111 The Pricing of Interbank Payment Services in a Changing Competitive Environment
by Weinberg, John-A - 113-141 Optimal Timing in Banks' Write-Off Decisions under the Possible Implementation of a Subsidy Scheme: A Real Options Approach
by Baba, Naohiko - 143-170 Information Content of Implied Probability Distributions: Empirical Studies of Japanese Stock Price Index Options
by Shiratsuka, Shigenori
May 2001, Volume 19, Issue 2
- 1-19 Should Japanese Banks Be Recapitalized?
by Douglas W. Diamond - 21-47 Uncertainty, Monitoring Costs, and Private Banks' Lending Decisions in a Duopolistic Loan Market: A Game-Theoretic Real Options Approach
by Naohiko Baba - 49-83 Is There a Desirable Rate of Inflation? A Theoretical and Empirical Survey
by Shiratsuka, Shigenori - 85-107 The Phillips Curve and Underlying Inflation
by Mio, Hitoshi - 109-154 Effects of Measurement Error on the Output Gap in Japan
by Kamada, Koichiro & Masuda, Kazuto
February 2001, Volume 19, Issue 1
- 1-29 What Happened to Japanese Banks?
by Hoshi, Takeo - 31-48 A Comparison of National Banks in Japan and the United States between 1872 and 1885
by Miyajima, Shigeki & Weber, Warren-E - 49-87 Budget Deficits and Inflation: A Theoretical and Empirical Survey
by Fujiki, Hiroshi - 89-130 Monetary Policy under Zero Interest Rate: Viewpoints of Central Bank Economists
by Fujiki, Hiroshi & Okina, Kunio & Shiratsuka, Shigenori - 131-179 International Dimensions of Japanese Insolvency Law
by Bhala, Raj
December 2000, Volume 18, Issue 2
- 1-24 What Is Systemic Risk? Moral Hazard, Initial Shocks, and Propagation
by Dow, James - 25-48 Forecasting Extreme Financial Risk: A Critical Analysis of Practical Methods for the Japanese Market
by Danielsson, Jon & Morimoto, Yuji - 49-82 A Simplified Method for Calculating the Credit Risk of Lending Portfolios
by Ieda, Akira & Marumo, Kohei & Yoshiba, Toshinao - 83-127 Research toward the Practical Application of Liquidity Risk Evaluation Methods
by Hisata, Yoshifumi & Yamai, Yasuhiro - 129-157 Model Risk and Its Control
by Kato, Toshiyasu & Yoshiba, Toshinao - 159-198 Exploring the Role of Money in Asset Pricing in Japan: Monetary Considerations and Stochastic Discount Factors
by Baba, Naohiko
May 2000, Volume 18, Issue 1
- 39-72 Testing the Ex Ante Relationship between Asset and Investment Returns in Japan: An Application of the P-CAPM to Japanese Asset Returns
by Baba, Naohiko - 73-104 Postal Banking in the United States and Japan: A Comparative Analysis
by Kuwayama, Patricia-Hagan - 105-118 A Theoretical Analysis of Narrow Banking Proposals
by Kobayakawa, Shuji & Nakamura, Hisashi - 119-136 Prospects for Prudential Policy: Toward Achieving an Efficient and Stable Banking System
by Oda, Nobuyuki & Shimizu, Tokiko
December 1999, Volume 17, Issue 3
- 1-40 Financial Market Globalization: Present and Future
by Okina, Kunio & Shirakawa, Masaaki & Shiratsuka, Shigenori - 41-68 The Boskin Commission Report and Its Aftermath
by Gordon, Robert-J - 69-102 Measurement Errors in the Japanese Consumer Price Index
by Shiratsuka, Shigenori - 103-128 Asset Price Fluctuation and Price Indices
by Shiratsuka, Shigenori - 129-155 What Determines the Relation between the Output Gap and Inflation ? An International Comparison of Inflation Expectations and Staggered Wage Adjustment
by Higo, Masahiro & Nakada, Sachiko-Kuroda - 157-182 Monetary Policy under Zero Inflation: A Response to Criticisms and Questions Regarding Monetary Policy
by Okina, Kunio
August 1999, Volume 17, Issue 2
- 1-20 The Joint and Several Effects of Liquidity Constraints, Financing Constraints, and Financial Intermediation on the Welfare Cost of Inflation
by Marquis, Milton-H - 21-46 Japan's Experience with Deposit Insurance and Failing Banks: Implications for Financial Regulatory Design?
by Milhaupt, Curtis-J - 47-89 Market Price Analysis and Risk Management for Convertible Bonds
by Ohtake, Fuminobu & Oda, Nobuyuki & Yoshiba, Toshinao - 91-117 Risk Management for Equity Portfolios of Japanese Banks
by Ieda, Akira & Ohba, Toshikazu
May 1999, Volume 17, Issue 1
- 1-43 Extracting Market Expectations from Option Prices: Case Studies in Japanese Option Markets
by Nakamura, Hisashi & Shiratsuka, Shigenori - 45-75 Dynamic Allocation and Pricing in Incomplete Markets: A Survey
by Saito, Makoto - 77-101 The Monthly Measurement of Core Inflation in Japan
by Michael F. Bryan & Stephen G. Cecchetti - 103-132 Underlying Inflation and the Distribution of Price Change: Evidence from the Japanese Trimmed-Mean CPI
by Mio, Hitoshi & Higo, Masahiro - 133-170 Estimating Fair Premium Rates for Deposit Insurance Using Option Pricing Theory: An Empirical Study of Japanese Banks
by Oda, Nobuyuki
December 1998, Volume 16, Issue 2
- 1-18 Monetary Policy and the Quality of Information
by Allan H.Meltzer - 19-28 Information Technology and Monetary Policy
by John B. Taylor - 29-60 Impact of Information Technology and Implications for Monetary Policy
by Inoue, Tetsuya - 61-111 How Can We Extract a Fundamental Trend from an Economic Time- Series?
by Higo, Masahiro & Nakada, Sachiko-Kuroda - 113-128 Recent Trends in the Spread over Libor on the Domestic Straight Bond Trading Market in Japan
by Ieda, Akira & Ohba, Toshikazu
May 1998, Volume 16, Issue 1
- 1-34 Interest Rate Risk of Banking Accounts: Measurement Using the VaR Framework
by Kiyama, Yoshinao et-al - 35-55 Financial Liberalization, the Wealth Effect, and the Demand for Broad Money in Japan
by Sekine, Toshitaka - 57-79 Nonstationary Time-Series Modeling versus Structural Equation Modeling: With an Application to Japanese Money Demand
by Hsiao, Cheng & Fujiki, Hiroshi
December 1997, Volume 15, Issue 2
- 1-26 Inflation Measures for Monetary Policy: Measuring the Underlying Inflation Trend and Its Implication for Monetary Policy Implementation
by Shiratsuka, Shigenori - 27-62 A New Framework for Measuring the Credit Risk of a Portfolio: The "ExVaR" Model
by Oda, Nobuyuki & Muranaga, Jun - 63-79 Is Japan Special? Monetary Linkages and Price Stability
by Lohmann, Susanne - 81-103 Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials Fail to Measure Capital Market Integration
by Chinn, Menzie-D & Dooley, Michael-P
May 1997, Volume 15, Issue 1
- 1-25 Indexed Bonds and Monetary Policy: The Real Interest Rate and the Expected Rate of Inflation
by Kitamura, Yukinobu - 27-62 Markup Pricing and Monetary Policy: A Reexamination of the Effectiveness of Monetary Policy under Imperfect Competition
by Baba, Naohiko - 63-87 Money and Debt in the Structure of Payments
by Green, Edward-J - 89-117 Inflation and Central Bank Independence: Is Japan Really an Outlier?
by Walsh, Carl-E
December 1996, Volume 14, Issue 2
- 1-21 The Use of the Yen as a Reserve Currency
by Peter M. Garber - 23-52 The Long-Run Relationship between Real GDP, Money Supply, and Price Level: Unit Root and Cointegration Tests with Structual Changes
by Yutaka Soejima - 53-78 A Structural Analysis of Money Demand: Cross-Sectional Evidence from Japan
by Hiroshi Fujiki & Casey B. Mulligan - 79-101 Central Bank Independence Indexes in Economic Analysis: A Reappraisal
by Hiroshi Fujiki
July 1996, Volume 14, Issue 1
- 1-27 On Making Monetary Policy More Effective Domestically and Internationally
by Allan H. Meltzer - 28-39 Policy Rules as a Means to a More Effective Monetary Policy
by John B. Taylor - 40-64 Styles of Monetary Management
by Tommaso Padoa-Schioppa - 65-103 Production, Financial Sophistication, and the Demand for Money by Households and Firms
by Hiroshi Fujiki & Casey B. Mulligan - 104-142 A Comparative Study of Seigniorage: Japan and Germany
by Manfred J. M. Neumann - 143-193 Explaining Asset Bubbles in Japan
by Takatoshi Ito & Tokuo Iwaisako
December 1995, Volume 13, Issue 2
- 1-44 Automobile Prices and Quality Changes : A Hedonic Price Analysis of Japanese Automobile Market
by Shigenori Shiratsuka - 45-74 On the Cause of Price and Differentials between Domestic and Overseas Markets : Approach Through Empirical Analyses of Markup Pricing
by Naohiko Baba - 75-88 Collateralization of Derivative Transaction in Japan : A Comparison of Two Methods
by Tetsuya Sakamoto - 89-130 Asset Inflation in Selected Countries
by Yosuke Shigemi
July 1995, Volume 13, Issue 1
- 1-16 Feldstein-Horioka Paradox Revisited
by Hiroshi Fujiki & Yukinobu Kitamura - 17-52 Effects of Quality Changes on the Price Index: A Hedonic Approach to the Estimation of a Quality Adjusted Price Index for Personal Computers in Japan
by Shigenori Shiratsuka - 53-68 A Unit Root Test with Structural Change for Japanese Macroeconomic Variables
by Yutaka Soejima - 69-85 Bank Accounting and Market Valuation in Japan: An Overview of Accounting Issues of Financial Instruments
by Marie Ogawa & Takashi Kubota
December 1994, Volume 12, Issue 2
- 1-60 R&D Investment and Overseas Production: An Empirical Analysis of Japan's Electric Machinery Industry Based on Corporate Data
by Kyoji Fukao & Toshiyasu Izawa & Morio Kuninori & Toru Nakakita - 61-83 Asset Price Fluctuations in Japan: What Role for Monetary Policy?
by Michael M. Hutchison - 85-121 Bank Executives on Japanese Corporate Boards
by Paul Sheard
July 1994, Volume 12, Issue 1
- 1-15 Regulatory Arrangements, Financial Stability, and Regulatory Reform
by Allan H. Meltzer - 17-33 International Capital Flows, the International Agencies, and Financial Stability
by Stanley Fischer - 35-75 Features and Problems of Bank Accounting System in Japan
by Akio Kuroda & Masataka Kotani & Marie Ogawa - 77-93 Extracting Actuality from Judgement: A New Index of the Business Cycle
by Satoru Kanoh & Saibi Saito
December 1993, Volume 11, Issue 2
- 1-45 Specification and Analysis of a Monetary Policy Rule for Japan
by Bennett T. McCallum - 47-54 Comments on "Specification and Analysis of a Monetary Policy Rule for Japan": A Central Banker's View
by Kunio Okina - 55-57 "Specification and Analysis of a Monetary Policy Rule for Japan" Reply to Comments by Kunio Okina
by Bennett T. McCallum - 59-96 The Real Value of Postal Savings Certificates
by Koichiro Kamada - 97-130 New Developments in Arguments on Legal Liability of Financial Institutoins
by Osamu Saito - 131-154 Unit Roots in Macroeconometrics: A Survey
by Masao Ogaki
July 1993, Volume 11, Issue 1
- 1-32 Efficiency of the Tokyo Housing Market
by Takatoshi Ito & Keiko Nosse Hirono - 33-61 Determinants of Short-Term Real Interest Differentials between Japan and the United States
by Richard C. Marston - 63-85 Deposit Insurance and Moral Hazard
by Mitsuru Iwamura - 87-108 Modelling Complementarity in Monopolistic Competition
by Kiminori Matsuyama
November 1992, Volume 10, Issue 2
- 1-29 Traded Goods Consumption Smoothing and the Random Walk Behavior of the Real Exchange Rate
by Kenneth Rogoff - 31-62 The Optimal Currency Composition of Government Debt
by Tsutomu Watanabe - 63-78 Explaining Japan's Saving: A Review of Recent Literature
by Fumio Hayashi - 79-106 Monetary Stabilization with Interest Rate Instruments in Japan: A Linear Quadratic Control Analysis
by Paul D. McNelis & Naoyuki Yoshino
February 1992, Volume 10, Issue 1
- 1-19 Some Lessons from the Great Inflations
by Allan H. Melzer - 21-33 Lessons from Moderate Inflations
by Stanley Fischer - 35-43 Price Stabilization in the 1990s: An Overview
by John B. Taylor - 45-64 Information Technology and the Restructuring of Banking Services
by Kazuhito Ikeo - 65-93 The Determination of Monetary Aggregates and Interest Rates
by Mitsuru Iwamura - 95-109 Dynamic Equilibrium Price Index: Asset Price and Inflation
by Hiroshi Shibuya
September 1991, Volume 9, Issue 2
- 1-10 Evolving International Trade and Monetary Regimes and Related Policy Issues
by Kumiharu Shigehara - 11-61 Model Representations of Japanese Monetary Policy
by Ralph C. Bryant - 63-78 Japan's High Saving Rate Reaffirmed
by Robert Dekle & Lawrence Summers - 79-89 Rejoinder to Dekle and Summers
by Fumio Hayashi - 91-104 Exchange Rate Movements and Capital-Asset Ratio of Banks: On the Conept of Structural Positions
by Mitsuhiro Fukao
March 1991, Volume 9, Issue 1
- 1-21 Japan's Experience with Use of Monetary Policy and the Process of Liberalization
by Kumiharu Shigehara - 23-60 Shareholding and Lending Activity of Financial Institutions in Japan
by Toshiaki Tachibanaki & Atsuhiro Taki - 61-86 The Information Content of Financial and Economic Variables: Empirical Tests of Information Variables in Japan
by Kengo Kato - 87-102 External Dimension of Europe 1992: Its Effests on the Relationship between Europe, the United States and Japan
by Kumiharu Shigehara - 103-147 Transfer, Pledge, Clearance and Settlement in the Japanese and United States Government Securities Markets
by Charles W. Mooney, JR.
September 1990, Volume 8, Issue 2
- 1-7 Some Reflections on Monetary Policy Issues in Japan
by Kumiharu Shigehara - 9-30 The M2 Demand in Japan: Shifted and Unstable?
by Tomoo Yoshida & Robert H. Rasche - 31-58 Equilibrium Income and Interest Elasticities of the Demand for M1 in Japan
by Robert H. Rasche - 59-74 Measuring "Herstatt Risk"
by Sawaichiro Kamata - 75-100 Explaining Japan's Innovation and Trade: A Model of Quality Competition and Dynamic Comparative Advantage
by Gene M. Grossman - 101-165 Liberalization of Japan's Foreign Exchange Controls and Structural Changes in the Balance of Payments
by Mitsuhiro Fukao
January 1990, Volume 8, Issue 1
- 1-48 On the Stability of the Japanese Money Demand Function: Estimation Results Using the Error Correction Model
by Tomoo Yoshida - 49-77 Interpreting Changes in the Volatility of Yields on Japnanese Long-term Bonds
by Kenneth J. Singleton - 79-134 Influence of Exchange Rate Fluctuation on Japan's Manufacturing Industry - Empirical Analysis : 1980-88
by Hirochika Nishikawa
August 1989, Volume 7, Issue 2
- 1-14 Efficiency and Stability in World Finance
by Allan H. Meltzer - 15-23 Factor Mobility and the International Monetary System
by Stanley Fischer - 25-71 Exchange Rate Fluctuations, Balance of Payments Imbalances and Internationalization of Financial Markets
by Mitsuhiro Fukao - 73-91 Implict Estimates of the Natural and Cyclical Components of Japan's Real GNP
by Charles R. Nelson - 93-139 The Rise of Land Prices in Japan: The Determination Mechanism and the Effect of Taxation System
by Keizo Takagi
April 1989, Volume 7, Issue 1
- 1-40 Real Wages and the Japanese Economy
by Hiroshi Yoshikawa & Yoshiyuki Takeuchi - 41-97 Alternatives of Disinflation and Stability Policy - Costs, Efficiency and Implementability: A Comparison Between Japan and West Germany
by Helmut M. Wagner - 99-130 Bank Failures and Optimal Bank Audit Policy
by Masahiko Takeda - 131-158 Bond Futures Market in Japan -Its Structure and Some Empirical Tests-
by Hiromichi Shirakawa
November 1988, Volume 6, Issue 2
- 1-27 Monetary Control Mechanism in Japan
by Yoshio Suzuki & Akio Kuroda & Hiromichi Shirakawa - 29-74 The Developing Legal and Regulatory Status of Foreign Currency Options: A Comparative Study
by William D. Harrington - 75-128 The Evolution in Japan's Relative Technological Competitiveness Since the 1960s: A Cross-Sectional, Time-Series Analysis
by Robert F. Owen
May 1988, Volume 6, Issue 1
- 1-36 Japanese Macroeconomic Policy and the Current Account Under Alternative International Monetary Regimes
by John B. Taylor - 37-60 The Long Swings in Real Exchange Rates -Do They Fit into Our Theories?
by Paul De Grauwe - 61-91 On the Statistical Properties of Floating Exchange Rates: A Reassessment of Recent Experience and Literature
by Shinji Takagi - 93-118 Foreign Banks in Japan
by Adrian E. Tschoegl