| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7596 |
| DP7596 A Touch of Sophistication: FDI and Unit Values of Exports | |
| Beata Javorcik; Torfinn Harding | |
| 发表日期 | 2009-12-13 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | International Macroeconomics |
| 关键词 | Japan's lost decade Deflation Money Structural model |
| URL | https://cepr.org/publications/dp7596 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536433 |
| 推荐引用方式 GB/T 7714 | Beata Javorcik,Torfinn Harding. DP7596 A Touch of Sophistication: FDI and Unit Values of Exports. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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