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Working Papers

From Tokyo Center for Economic Research
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e152: Economic consequences of follow-up disasters: lessons from the 2011 Great East Japan Earthquake Downloads
Anastasios Evgenidis, Masashige Hamano and Wessel Vermeulen
e151: Attributes needed for Japan's central bank digital currency Downloads
Hiroshi Fujiki
e150: Who Adopts Crypto Assets in Japan? Evidence from the 2019 Financial Literacy Survey Downloads
Hiroshi Fujiki
e149: Welfare analysis of bank merger with financial instability Downloads
Akio Ino and Yusuke Matsuki
e148: Basic Employment Protection, Bargaining Power, and Economic Outcomes Downloads
Stijn Claessens and Kenichi Ueda
e147: Debt intolerance: Threshold level and composition Downloads
Hideaki Matsuoka
e146: Can the optimal tariff be zero for a growing large country? Downloads
Takumi Naito
e145: Optimality in an OLG model with nonsmooth preferences Downloads
Eisei Ohtaki
e144: The Formation of Inflation Expectations: Micro-data Evidence from Japan Downloads
Junichi Kikuchi and Yoshiyuki Nakazono
e143: Decomposing Local Fiscal Multipliers: Evidence from Japan Downloads
Taisuke Kameda, Ryoichi Namba and Takayuki Tsuruga
e142: Search-for-Yield under Prolonged Monetary Easing and Aging Downloads
Yoshiaki Ogura
e140: Capacity choice in an international mixed triopoly Downloads
Kazuhiro Ohnishi
e139: Output and Welfare Implications of Oligopolistic Third-Degree Price Discrimination Downloads
Takanori Adachi and Michal Fabinger
e138: Toward Rebuilding of Modern Macroeconomic Theory: Market Failure in a Macro Economy and Keynes's Unemployment Equilibrium Downloads
Eizo Kawai
e137: Efficiency investment and curtailment action: complements or substitutes Downloads
Shigeru Matsumoto and Hajime Sugeta
e136: GVC journeys: Industrialisation and Deindustrialisation in the Age of the Second Unbundling Downloads
Richard Baldwin and Toshihiro Okubo
e135: How do we choose to pay using evolving retail payment technologies? Some additional results from Japan Downloads
Hiroshi Fujiki
e134: Endogenous Social Preferences in Bargaining and Contract Enforcement Downloads
Tetsuo Yamamori and Kazuyuki Iwata
e133: (A)symmetric Information Bubbles: Experimental Evidence Downloads
Yasushi Asako, Yukihiko Funaki, Kozo Ueda and Nobuyuki Uto
e132: Efficiency and stability in sender-receiver games under the selection-mutation dynamics Downloads
Seigo Uchida
e131: Cash Usage Trends in Japan: Evidence Using Aggregate and Household Survey Data Downloads
Hiroshi Fujiki and Kiyotaka Nakashima
e130: Public good provision financed by nonlinear income tax under reduction of envy Downloads
Takuya Obara and Shuichi Tsugawa
e129: The Effects of Lender of Last Resort on Financial Intermediation during the Great Depression in Japan Downloads
Masami Imai, Tetsuji Okazaki and Michiru Sawada
e128: The Natural Rate of Interest in a Nonlinear DSGE Model Downloads
Yasuo Hirose and Takeki Sunakawa
e126: Japan's Unconventional Monetary Policy and Income Distribution: Revisited Downloads
Ayako Saiki and Jon Frost
e124: Intermediary Organizations in Labor Markets Downloads
Takayuki Oishi, Jun Tomioka and Shin Sakaue
e123: Human capital accumulation through recurrent education Downloads
Mariko Tanaka
e122: How is internal radiation exposure risk evaluated at the markets? Perceived quality degradation of Fukushima peach Downloads
Shigeru Matsumoto and Viet-Ngu Hoang
e121: Re-examination of Modern Macroeconomics: Market Failure in a Walrasian Economy and Keynes's Unemployment Equilibrium Downloads
Eizo Kawai
e120: Estimating a Nonlinear New Keynesian Model with a Zero Lower Bound for Japan Downloads
Hirokuni Iiboshi, Mototsugu Shintani and Kozo Ueda
e119: Long-term interest rates and bank loan supply: Evidence from firm-bank loan-level data Downloads
Arito Ono, Hinichi Nishioka, Kohei Shintani and Yosuke Yasui
e118: Strategy-Proofness and Efficiency of Probabilistic Mechanisms for Excludable Public Good Downloads
Kazuhiko Hashimoto and Kohei Shiozawa
e117: Public good provision financed by nonlinear income tax under reduction of envy Downloads
Shuichi Tsugawa and Takuya Obara
e116: Strategy-proof multi-object allocation: Ex-post revenue maximization with no wastage Downloads
Tomoya Kazumura, Debasis Mishra and Shigehiro Serizawa
e115: The dynamical stability for an evolutionary language game under selection-mutation dynamics Downloads
Seigo Uchida and Masakazu Fukuzumi
e114: Inter-firm Technological Proximity and Knowledge Spillovers Downloads
Koki Oikawa
e113: Technology Polarization Downloads
Koki Oikawa and Minoru Kitahara
e112: The Effect of the Great East Japan Earthquake on the Evacuees' Unemployment and Earnings Downloads
Izumi Yamasaki, Rubkwan Thurmanpornphilas, Miho Takizawa and Tomohiko Inui
e111: The Effects of Ethnic Chinese Minority on Vietnam's Regional Economic Development in the Post-Vietnam War Period Downloads
Masami Imai and Tuan Anh Viet Nguyen
e110: A Distribution-Free Test of Monotonicity with an Application to Auctions Downloads
Yusuke Matsuki
e109: Is the Renminbi a Safe Haven? Downloads
Rasmus Fatum, Yohei Yamamoto and Guozhong Zhu
e108: Does Managerial Experience in a Target Firm Matter for the Retention of Managers after M&As? Downloads
Kenjiro Hirata, Ayako Suzuki and Katsuya Takii
e107: Political Economy of Voluntary Approaches: A Lesson from Environmental Policies Downloads
Toshi Arimura, Shinji Kaneko, Shunsuke Managi, Takayoshi Shinkuma, Masashi Yamamoto and Yuichiro Yoshida
e106: Determinants and Effects of Worker-Initiated Training: Learning about Required Job Skills at the Workplace Downloads
Hiromi Hara
e105: Can Guest Workers Solve Japan's Fiscal Problems? Downloads
Sagiri Kitao, Selahattin Imrohoroglu and Tomoaki Yamada
e104: Nontraditional Monetary Policy in a Model of Default Risks and Collateral in the Absence of Commitment Downloads
Hiroshi Fujiki
e103: Optimality of the Friedman rule under ambiguity Downloads
Eisei Ohtaki
e102: Transmission Channels and Welfare Implications of Unconventional Monetary Easing Policy in Japan Downloads
Hiroshi Ugai
e101: Conservatism and Liquidity Traps Downloads
Taisuke Nakata and Sebastian Schmidt
e100: Multiplier Impacts and Emission Reduction Effects of Joint Crediting Mechanism: Analysis with a Japanese and International Disaggregated Input-Output Table Downloads
Makoto Sugino, Minoru Morita, Kazuyuki Iwata and Toshi Arimura
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