Zobrazeno 1 - 10
of 13
pro vyhledávání: '"Munechika Katayama"'
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4e88d2eb274340966aa4dba9f2c3a267
https://doi.org/10.2139/ssrn.4413072
https://doi.org/10.2139/ssrn.4413072
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::54336606d5131732cd3d0f1dcd4d4178
https://doi.org/10.2139/ssrn.4025693
https://doi.org/10.2139/ssrn.4025693
Autor:
Munechika Katayama, Kwang Hwan Kim
Publikováno v:
Review of Economic Dynamics. 30:163-178
This study empirically shows that higher uncertainty leads to not only a simultaneous drop in consumption and investment, but also a rise in the relative price of investment goods. This negative relationship between the relative price and quantity of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3367c51e9c7956586d21dfa0c69540d9
https://doi.org/10.1016/j.red.2018.05.003
https://doi.org/10.1016/j.red.2018.05.003
Autor:
Kwang Hwan Kim, Munechika Katayama
Publikováno v:
Journal of Money, Credit and Banking. 50:77-114
Sectoral comovement of output and hours worked is a prominent feature of business cycle data. However, most two‐sector neoclassical models fail to generate this sectoral comovement. We construct and estimate a two‐sector neoclassical Dynamic Stoc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::7cca497ab68e122b781df3a6ea2adda8
https://doi.org/10.1111/jmcb.12454
https://doi.org/10.1111/jmcb.12454
Publikováno v:
SSRN Electronic Journal.
We present a sticky-wage model with two types of labors: while worker's labor contributes to current production, researcher's work helps develop new ideas to add to firm's knowledge capital that enhances its productivity for many periods. The long-li
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::43a5be5d16f76ce11f5020d71de6110f
https://doi.org/10.2139/ssrn.3317309
https://doi.org/10.2139/ssrn.3317309
Autor:
Kwang Hwan Kim, Munechika Katayama
Publikováno v:
Journal of Macroeconomics. 38:243-259
This paper studies a two-sector New Keynesian model that captures the hump-shaped response of non-durable and durable spending to a monetary shock when non-durable prices are sticky and durable goods are flexibly priced. Based on the estimated parame
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2c74a9457994ac10f18f53e1b6defdf5
https://doi.org/10.1016/j.jmacro.2013.08.018
https://doi.org/10.1016/j.jmacro.2013.08.018
Autor:
Kwang Hwan Kim, Munechika Katayama
Publikováno v:
Journal of Economic Dynamics and Control. 37:1715-1735
This paper resolves the sectoral comovement problem between nondurable and durable outputs that arises in response to a monetary shock in a two-sector sticky price model with flexibly priced durable goods. We analytically demonstrate that the non-sep
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3a69ddefe221ec1de01708141c51fdc8
https://doi.org/10.1016/j.jedc.2013.04.012
https://doi.org/10.1016/j.jedc.2013.04.012
Autor:
Munechika Katayama
Publikováno v:
Journal of Money, Credit and Banking. 45:977-1016
Output responses to oil-price shocks not only tend to be weaker, but also to peak earlier recently. This paper builds a model that incorporates a realistic structure of US petroleum consumption and explores three possible explanations for the changes
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3baba892ea28351c7281497f550093d7
https://doi.org/10.1111/jmcb.12041
https://doi.org/10.1111/jmcb.12041
Autor:
Munechika Katayama, Kwang Hwan Kim
Publikováno v:
Global Economic Review. 42:55-71
This paper examines the role that wealth effects on labour supply play in a two-sector sticky-price model that includes non-durables and housing. Careful analysis of a two-sector sticky-price model reveals that whether there are wealth effects on lab
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::df9c1de657b46f4a6e554365c9ca05ad
https://doi.org/10.1080/1226508x.2013.769815
https://doi.org/10.1080/1226508x.2013.769815
Publikováno v:
SSRN Electronic Journal.
We estimate a canonical sovereign default model from Arellano (2008) for Argentina via maximum simulated likelihood estimation to understand how well it performs in terms of predicting default events. The estimated model accounts for the overall defa
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::26bd086701e1d4321407ffdac2ffb09b
https://doi.org/10.2139/ssrn.3056539
https://doi.org/10.2139/ssrn.3056539