检索结果-南通市图书馆

Decline of oil prices and the negative interest rate policy in Japan

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Economic and Political Studies 2017年第2期5卷 233-250页

作者： Naoyuki Yoshino farhad taghizadeh-hesary Nour Tawk Asian Development Bank Institute(ADBI) TokyoJapan Faculty of Economics Keio UniversityTokyoJapan Graduate School of Economics The University of TokyoTokyoJapan International Monetary Fund(IMF)Regional Office of Asia and the Pacific TokyoJapan

In April 2013,the Bank of Japan(BOJ)introduced an inflation target of 2%with the aim of overcoming deflation and achieving sustainable economic *** due to lower international oil prices it was unable to achieve this target and was forced to take further ***,in February 2016,the BOJ adopted a negative interest rate policy by massively increasing the money supply through the purchase of long-term Japanese government bonds(JGB).The BOJ had previously only purchased short-term government bonds,a policy that flattened the yield curve of *** the one hand,banks reduced the number of government bonds they purchased because short-term bond yields had become *** interest rates of long-term government bond up to 15 years even became *** the other hand,bank loans to corporates did not increase,due to Japanese economy’s vertical investment-saving(IS)*** purpose of this paper is to show that the monetary policy through implementation of the zero interest rate and more recently through the negative interest rate could not help the Japanese economy to recover from the long-lasting recession and these are not the *** is of key importance to make the IS curve downward rather than *** means the rate of return on investment must be positive and companies must be willing to invest even if interest rates are set too ***’s long-term recession is due to structural problems that cannot be solved by its current monetary *** paper also explains why the BOJ has to reduce its 2%inflation target in the present low oil price era.

关键词： Negative interest rate policy Japanese economy oil price Abenomics

An Estimation of the Impact of Oil Shocks on Crude Oil Exporting Economies and Their Trade Partners

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Frontiers of Economics in China-Selected Publications from Chinese Universities 2013年第4期8卷 571-591页

作者： farhad taghizadeh hesary Naoyuki Yoshino Ghahraman Abdoli Asadollah Farzinvash School of Economics Keio University Tokyo 108-8345 Japan The Institute of Energy Economics Japan (IEEJ) Tokyo 104-0054 Japan Faculty of Economics University ofTehran Tehran 141556445 Iran

This research evaluates the impact of oil price shocks on oil producing and consuming economies; we used a simultaneous equation framework for different countries with business relations. As expected, we found that oil-producers （here, Iran and Russia） benefit from oil price shocks. However contrary to previous findings, they also benefit from the indirect effect through their trade partners. For oil-consuming economies, the effects are more diverse. In some countries, output falls in response to an oil price shock, while some others seem to be relatively immune. Generally, those countries which trade more with oil producers gain indirect benefits via higher demand from oil-producers. For instance, the Netherlands, Germany, France, Italy, the US, the UK, and China get a negative direct effect and positive indirect effect from oil producing countries. This is exactly the result that we anticipated. India has both negative effects directly and indirectly and seems to suffer more in a positive oil price shock. For Japan, Spain, Switzerland and Turkey the results are reversed. They benefit from an oil shock directly and indirectly.

关键词： oil macroeconomic trade linked case. Iran. Russia

Fintech,regtech,and financial development:evidence from China

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Financial Innovation 2022年第1期8卷 268-287页

作者： Tadiwanashe Muganyi Linnan Yan Yingkai Yin Huaping Sun Xiangbin Gong farhad taghizadeh-hesary School of Economics Shanghai UniversityShanghai 200240China School of Economics and Management Hebei University of TechnologyTianjin 300401China School of Finance and Economics Division of Low-carbon Economy and Environment RegulationInstitute of Industrial EconomicsJiangsu UniversityZhenjiang 212013JiangsuChina School of Economics and Management Tongji UniversityShanghaiChina Tokai University 4-1-1 KitakanameHiratsuka-shiKanagawa 259-1292Japan

This study investigates the influence of fintech on developments in China’s financial sector across 290 cities and 31 provinces between 2011 and *** a two-stage least squares instrumental variable regression approach and correcting for cross-sectional dependency,simultaneity,and endogeneity of regressors,the results establish a positive link between fintech and financial *** findings show that fintech supports financial sector development by enhancing access(loans),depth(deposits),and savings within China’s financial *** also show that the emergence of fintech in the area of financial regulation(regulatory technology:regtech)can significantly improve financial development ***,it is imperative for regulators to pursue policies that balance growth in the fintech sector while mitigating the associated *** addition,we use the difference-in-differences approach to show that policy measures such as interest rates liberalization also positively impacted finan-cial development during the analysis *** our conclusion,we suggest a policy framework for balanced fintech sector growth in developing countries.

关键词： Fintech Regtech Financial development China

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

日本经济长期衰退的原因和对策

新金融 2016年第7期 16-23页

作者：吉野直行 farhad taghizadeh-hesary 亚洲开发银行研究院日本庆应义塾大学

从1990年代初开始,日本经济增长缓慢,进入衰退。诺贝尔经济学奖得主保罗.克鲁格曼认为日本失去的十年是流动性陷阱的典范。但我们的实证分析表明日本经济停滞的原因在于其垂直的IS曲线,而非平坦的LM曲线,因此,日本经济面临的是结构性问... 详细信息

从1990年代初开始,日本经济增长缓慢,进入衰退。诺贝尔经济学奖得主保罗.克鲁格曼认为日本失去的十年是流动性陷阱的典范。但我们的实证分析表明日本经济停滞的原因在于其垂直的IS曲线,而非平坦的LM曲线,因此,日本经济面临的是结构性问题,而非暂时的低迷。日本经济的结构性问题主要来自人口老龄化、中央政府对地方政府转移支付的分配,以及银行受巴塞尔协议资本要求所限不愿为创业企业和中小企业提供贷款。包括中国在内的不少国家正面临着类似问题,特别是人口老龄化,因而非常关心日本的长期衰退问题。本文分析了日本陷入长期衰退的原因,并为重振经济提出建议。

关键词：日本经济失去的十年中国经济 IS-LM模型

可再生能源制氢技术经济性评述及其在东盟地区应用评估

维普期刊数据库

同方期刊数据库评论

在线全文

学校读者我要写书评

暂无评论

全球能源互联网 2021年第3期4卷 292-300页

作者：李谚斐江涵 farhad taghizadeh-hesary 邬炜东盟与东亚经济研究院印度尼西亚雅加达10270 全球能源互联网发展合作组织北京市西城区100031 湖南工商大学湖南省长沙市410205 东海大学日本神奈川2591292

可再生能源电解制氢能够将波动性、间歇性的风能、光伏转化为氢能,使氢作为清洁、高效的能源载体,近年来逐渐受到重视,成为解决全球变暖、实现能源转型的关键技术之一。越来越多的世界主要经济体将制氢作为未来战略性能源技术,诸多大型... 详细信息

可再生能源电解制氢能够将波动性、间歇性的风能、光伏转化为氢能,使氢作为清洁、高效的能源载体,近年来逐渐受到重视,成为解决全球变暖、实现能源转型的关键技术之一。越来越多的世界主要经济体将制氢作为未来战略性能源技术,诸多大型企业也正在推动氢产业链的发展。从经济性角度,重点分析了可再生能源制氢在电网储能、小岛屿能源系统、燃料电池汽车等领域的研究进展,并回顾了当前国际上标志性的示范工程应用。根据成本评估模型,进一步探讨了东盟国家使用氢储存利用可再生能源的经济性和可行性。研究表明,氢能的运输和生产同为重要的成本驱动因素,在长时间储能场景已经具备一定的竞争力。最后,针对氢能发展面临的主要障碍,提出了相应政策建议。

关键词：氢能可再生能源燃料电池东盟