Add to ORKGIn this paper we incorporate endogenous productivity growth into a medium-scale new Keynesian dynamic stochastic general equilibrium (DSGE) model, to which a new shock regarding R&D activities is added. By matching the model parameters to the Japanese economy from 1980:Q2 to 2013:Q4 and decomposing the output into trend and cycle components, we find that the stagnation of the so-called lost decades was caused by a decline in economic growth as well as major recessions in the business cycle. The common trend estimated by our model is based on multiple time series data and is much more volatile than the trend extracted by either the Hodrick-Prescott or the band-pass filter
Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequ...
After more than a decade of stagnant growth, the Japanese economy is showing signs of full recovery,...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
In this paper we incorporate endogenous productivity growth into a medium-scale new Keynesian dynami...
We consider how and the extent to which a pure technology shock driven by R&D activities impacts on ...
Two striking aspects of the Japanese stagnation of the 1990s are its severity and especially its per...
Depending on the questions that they ask, economists focus more on determinants of long run growth o...
This paper examines the decade-long economic slump in Japan during the 1990s. In the neoclassical g...
There are two opposing views as to the cause of Japans prolonged stagnation dur-ing the lost decade....
This paper estimates a dynamic stochastic general quilibrium (DSGE) model for the Japanese economy o...
This paper uses a modified Harrodian model to understand both the long period of rapid Japanese grow...
The Japanese economic behavior is modeled. GDP evolution is represented as a sum two components: eco...
This paper uses a Markov-switching model with structural breaks to characterize and compare regional...
The macroeconomic experience of the last decade stressed the importance of jointly studying the gro...
The recession that followed the financial crisis in 2007 has pushed many economies away from their p...
Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequ...
After more than a decade of stagnant growth, the Japanese economy is showing signs of full recovery,...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...
In this paper we incorporate endogenous productivity growth into a medium-scale new Keynesian dynami...
We consider how and the extent to which a pure technology shock driven by R&D activities impacts on ...
Two striking aspects of the Japanese stagnation of the 1990s are its severity and especially its per...
Depending on the questions that they ask, economists focus more on determinants of long run growth o...
This paper examines the decade-long economic slump in Japan during the 1990s. In the neoclassical g...
There are two opposing views as to the cause of Japans prolonged stagnation dur-ing the lost decade....
This paper estimates a dynamic stochastic general quilibrium (DSGE) model for the Japanese economy o...
This paper uses a modified Harrodian model to understand both the long period of rapid Japanese grow...
The Japanese economic behavior is modeled. GDP evolution is represented as a sum two components: eco...
This paper uses a Markov-switching model with structural breaks to characterize and compare regional...
The macroeconomic experience of the last decade stressed the importance of jointly studying the gro...
The recession that followed the financial crisis in 2007 has pushed many economies away from their p...
Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequ...
After more than a decade of stagnant growth, the Japanese economy is showing signs of full recovery,...
In an attempt to advance our understanding of the potential long-run benefits of macroeconomic stabi...