Details about Richard A. Werner

Access statistics for papers by Richard A. Werner.

Last updated 2023-01-08. Update your information in the RePEc Author Service.

Short-id: pwe477

Working Papers

2011

1. New evidence on the effectiveness of "Quantitative Easing" in Japan
   CFS Working Paper Series, Center for Financial Studies (CFS) View citations (9)
2. The lessons from QE and other "unconventional" monetary policies: Evidence from the Bank of England
   CFS Working Paper Series, Center for Financial Studies (CFS)
3. The unintended consequences of the debt: Will increased government expenditure hurt the economy?
   CFS Working Paper Series, Center for Financial Studies (CFS)

2009

4. Disaggregated Credit Flows and Growth in Central Europe
   MPRA Paper, University Library of Munich, Germany View citations (2)

2004

5. Why has Fiscal Policy Disappointed in Japan?
   Money Macro and Finance (MMF) Research Group Conference 2004, Money Macro and Finance Research Group View citations (5)

1991

6. The Great Yen Illusion: Japanese Foreign Investment and the Role of Land Related Credit Creation
   Economics Series Working Papers, University of Oxford, Department of Economics

Journal Articles

2021

1. The relationship between bank size and the propensity to lend to small firms: New empirical evidence from a large sample
   Journal of International Money and Finance, 2021, 110, (C) View citations (13)

2018

2. Does Foreign Direct Investment Generate Economic Growth? A New Empirical Approach Applied to Spain
   Economic Geography, 2018, 94, (4), 425-456 View citations (67)
3. Reconsidering Monetary Policy: An Empirical Examination of the Relationship Between Interest Rates and Nominal GDP Growth in the U.S., U.K., Germany and Japan
   Ecological Economics, 2018, 146, (C), 26-34 View citations (15)

2016

4. A half-century diversion of monetary policy? An empirical horse-race to identify the UK variable most likely to deliver the desired nominal GDP growth rate
   Journal of International Financial Markets, Institutions and Money, 2016, 43, (C), 158-176 View citations (8)
5. A lost century in economics: Three theories of banking and the conclusive evidence
   International Review of Financial Analysis, 2016, 46, (C), 361-379 View citations (74)

2015

6. An analytical review of volatility metrics for bubbles and crashes
   International Review of Financial Analysis, 2015, 38, (C), 15-28 View citations (10)

2014

7. Can banks individually create money out of nothing? — The theories and the empirical evidence
   International Review of Financial Analysis, 2014, 36, (C), 1-19 View citations (104)
8. Enhanced Debt Management: Solving the eurozone crisis by linking debt management with fiscal and monetary policy
   Journal of International Money and Finance, 2014, 49, (PB), 443-469 View citations (14)
9. How do banks create money, and why can other firms not do the same? An explanation for the coexistence of lending and deposit-taking
   International Review of Financial Analysis, 2014, 36, (C), 71-77 View citations (60)

2013

10. Commentary
    Environment and Planning A, 2013, 45, (12), 2789-2796

2012

11. Lessons from the Bank of England on ‘quantitative easing’ and other ‘unconventional’ monetary policies
    International Review of Financial Analysis, 2012, 25, (C), 94-105 View citations (23)
12. Towards a new research programme on ‘banking and the economy’ — Implications of the Quantity Theory of Credit for the prevention and resolution of banking and debt crises
    International Review of Financial Analysis, 2012, 25, (C), 1-17 View citations (23)

2011

13. Credit supply and corporate capital structure: Evidence from Japan
    International Review of Financial Analysis, 2011, 20, (5), 320-334 View citations (22)
14. ECONOMICS AS IF BANKS MATTERED: A CONTRIBUTION BASED ON THE INDUCTIVE METHODOLOGY
    Manchester School, 2011, 79, (s2), 25-35 View citations (9)
15. The role of monetary aggregates in Chinese monetary policy implementation
    Journal of the Asia Pacific Economy, 2011, 16, (3), 464-488 View citations (2)

2003

16. Response to William W. Grimes, "Comment on Richard Werner's 'The Enigma of Japanese Policy Ineffectiveness: The Limits of Traditional Approaches, Not Cyclical Policy'"
    Japanese Economy, 2003, 31, (1), 82-96

2002

17. A Discussion of Anil K. Kashyap's Paper "Sorting Out Japan's Financial Crisis"
    Japanese Economy, 2002, 30, (6), 61-87
18. A Reconsideration of the Rationale for Bank-Centered Economic Systems and the Effectiveness of Directed Credit Policies in the Light of Japanese Evidence
    Japanese Economy, 2002, 30, (3), 3-45 View citations (5)
19. Aspects of Career Development and Information Management Policies at the Bank of Japan
    Japanese Economy, 2002, 30, (6), 38-60 View citations (1)
20. Post-Crisis Banking Sector Restructuring and Its Impact on Economic Growth
    Japanese Economy, 2002, 30, (6), 3-37
21. The "Enigma" of Japanese Policy Ineffectiveness
    Japanese Economy, 2002, 30, (1), 25-95

1994

22. Japanese Foreign Investment and the "Land Bubble."
    Review of International Economics, 1994, 2, (2), 166-78 View citations (6)

Books

2005

1. New Paradigm in Macroeconomics
   Palgrave Macmillan Books, Palgrave Macmillan View citations (71)

Chapters

2007

1. Germany’s Choice and Lessons from Japan: Supply vs. Demand Policy, Fiscal vs. Monetary Policy
   Palgrave Macmillan
2. The Cause of Japan’s Recession and the Lessons for the World
   Chapter 3 in Crisis or Recovery in Japan, 2007
3. The Link between Fiscal and Monetary Policy – Lessons for Germany from Japan
   Chapter 10 in Money, Distribution and Economic Policy, 2007

2005

4. A New Kind of Economics
   Palgrave Macmillan
5. A New Vision of Macroeconomic Policy
   Palgrave Macmillan
6. Banking Reform
   Palgrave Macmillan
7. Credit, Money and the Economy
   Palgrave Macmillan
8. Explaining the Velocity Decline
   Palgrave Macmillan
9. Japanese Economic Performance During the 1990s
   Palgrave Macmillan
10. Monetary Policy in the 1980s: How Bank Credit was Determined
    Palgrave Macmillan
11. Monetary Policy in the 1990s and How to Create a Recovery
    Palgrave Macmillan
12. Prologue: Searching for a New Kind of Economics
    Palgrave Macmillan
13. Solving the Enigma of Banking and Money
    Palgrave Macmillan
14. The Cause of the Asset Price Bubbles and Banking Crises
    Palgrave Macmillan
15. The Determinants of Growth
    Palgrave Macmillan View citations (1)
16. The Determinants of Japanese Capital Flows in the 1980s
    Palgrave Macmillan
17. The Enigma of Banking and its Recurring Crises
    Palgrave Macmillan
18. The Enigma of Economic Growth
    Palgrave Macmillan
19. The Enigma of Japanese Asset Prices
    Palgrave Macmillan
20. The Enigma of Japanese Bank Lending
    Palgrave Macmillan
21. The Enigma of Japanese Capital Flows in the 1980s
    Palgrave Macmillan
22. The Enigma of Japan’s Long Recession
    Palgrave Macmillan
23. The Enigma of the Ineffectiveness of Fiscal Policy in the 1990s
    Palgrave Macmillan
24. The Enigma of the Ineffectiveness of Interest Rate Policy in the 1990s
    Palgrave Macmillan View citations (1)
25. The Enigma of the Ineffectiveness of Structural Policy
    Palgrave Macmillan
26. The Enigma of the Velocity Decline
    Palgrave Macmillan
27. The Goal of Fiscal, Structural and Monetary Policy
    Palgrave Macmillan
28. Why Fiscal Policy Could Not Work
    Palgrave Macmillan