| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086295 | Japan and the World Economy | 2012 | 13 Pages |
Abstract
⺠TFP news shocks are important in explaining Japanese macroeconomic fluctuations. ⺠News shocks on investment-specific technology (IST) have a considerable effect on macro activities in Japan. ⺠SVAR with sign restrictions reconfirms the results that the news shocks are important in explaining the Japanese macroeconomic fluctuations. ⺠The role of news shocks in the United States is more important than in Japan.
Related Topics
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Authors
Jun-Hyung Ko, Kensuke Miyazawa, Tuan Khai Vu,