Mostra el registre parcial de l'element Canova, Fabio Menz, Tobias
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa 2017-07-26T10:50:05Z 2017-07-26T10:50:05Z 2009-11-01
dc.identifier.citation Journal of the Japanese and International Economies, 24(2), 178-195, 2010
dc.description.abstract We study the contribution of the stock of money to the macroeconomic outcomes of the 1990s in Japan using a small scale structural model. Likelihood-based estimates of the parameters are provided and time stabilities of the structural relationships analyzed. Real balances are statistically important for output and inflation fluctuations and their role has changed over time. Models which give money no role give a distorted representation of the sources of cyclical fluctuations. The severe stagnation and the long deflation are driven by different causes.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1240
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.title Japan's lost decade: Does money have a role?
dc.type info:eu-repo/semantics/workingPaper 2017-07-23T02:13:32Z
dc.subject.keyword money
dc.subject.keyword japan’s lost decade
dc.subject.keyword structural model
dc.subject.keyword deflation.
dc.subject.keyword Macroeconomics and International Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess

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