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Development of a Regional DSGE Model in Japan: Empirical Evidence of Economic Stagnation in the Kansai Economy
Using a dynamic stochastic general equilibrium model, this study empirically examines Japan’s Kansai Region to ascertain causes of its …
Mitsuhiro Okano, Daisuke Ida, Shigeto Kitano, Yoichi Matsubayashi
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Monetary Policy and Natural Disasters: An Extension and Simulation Analysis in the Framework of New Keynesian Macroeconomic Model
In this paper, we show that how monetary policy should respond in the aftermath of a rare but large-scale natural disaster such as …
Mitsuhiro Okano
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