348
Views
8
CrossRef citations to date
0
Altmetric
Original Articles

Asset bubbles, monetary policy and bank lending in Japan: an empirical investigation

Pages 1737-1744 | Published online: 05 Oct 2010

References

  • Allen , F. and Gale , D. 2000 . Bubbles and crises . Economic Journal , 110 : 236 – 255 .
  • Asako , K. 1991 . The land price bubble in Japan . Ricerche Economiche , 45 : 167 – 184 .
  • Asai , M. and Shiba , T. 1995 . The Japanese stock market and the macroeconomy: an empirical investigation . Financial Engineering and the Japanese Markets , 2 : 259 – 267 .
  • Chirinko , R. S. and Schaller , H. 1999 . Business fixed investment and ‘bubbles’: the Japanese case , American Economic Review . Mimeo; forthcoming
  • Flood , R. P. and Hodrick , R. J. 1990 . On testing for speculative bubbles . Journal of Economic Perspectives , 4 : 85 – 101 .
  • Fortune , P. March/April 1991 . “ Stock market efficiency: an autopsy? ” . In New England Economic Review March/April , 17 – 41 .
  • French , K. R. and Poterba , J. 1991 . Were Japanese stock prices too high? . Journal of Financial Economics , 29 : 337 – 363 .
  • Hoffmaister , A. W. and Schinasi , G. J. 1995 . “ Asset prices, financial liberalization, and inflation in Japan ” . In Saving Behavior and the Asset Price Bubble in Japan: Analytical Studies , Edited by: Baumgartner , U. and Meredith , G. 63 – 77 . Washington, DC : International Monetary Fund .
  • Ito , T. 1993 . The land housing problem in Japan: a macroeconomic approach . Journal of the Japanese and International Economies , 7 : 1 – 31 .
  • Ito , T. and Iwaisako , T. 1996 . Explaining asset bubbles in Japan . Bank of Japan Monetary and Economic Studies , 14 : 143 – 193 .
  • Kähkönen , J. 1995 . “ Movements in asset prices since the mid–1980s ” . In Saving Behavior and the Asset Price Bubble in Japan: Analytical Studies , Edited by: Baumgartner , U. and Meredith , G. 51 – 62 . Washington, DC : International Monetary Fund .
  • Kaneko , T. and Lee , B.-S. 1995 . Relative importance of economic factors in the US and Japanese stock markets . Journal of the Japanese and International Economies , 9 : 290 – 307 .
  • Kasa , K. and Popper , H. 1995 . Monetary policy in Japan: a structural VAR analysis . Journal of the Japanese and International Economnies , 11 : 275 – 295 .
  • Kiyotaki , N. and Moore , J. 1997 . Credit cycles . Journal of Political Economy , 105 : 211 – 248 .
  • Kon-ya , F. 1995 . “ The rise and fall of the bubble economy: an analysis of the performance and structure of the Japanese stock market ” . In The Structure of the Japanese Economy: Changes on the Domestic and International Fronts , Edited by: Okabe , M. 235 – 262 . New York : St. Martin's Press .
  • Moreno , R. and Kim , S. B. 1993 . Money, interest rates and economic activity: stylized facts for Japan . Federal Reserve Bank of San Franciso, Economic Review , 3 : 12 – 24 .
  • Mukherjee , T. K. and Naka , A. 1995 . Dynamic relations between macroeconomic variables and the Japanese stock market: an application of a vector error correction model . Journal of Financial Research , 18 : 223 – 237 .
  • Okabe , M. 1995 . “ Monetary policy in Japan: a perspective on tools, transmission channels and outcomes ” . In The Structure of the Japanese Economy: Changes on the Domestic and International Fronts , Edited by: Okabe , M. 323 – 357 . New York : St. Martin's Press .
  • Ostrom , D. 1995 . New directions in Japanese monetary policy , Japan Economic Institute Report No. 16A
  • Shiller , R. J. 1989 . Market Volatility , Cambridge, MA : MIT Press .
  • Ueda , K. 1990 . Are Japanese stock prices too high? . Journal of the Japanese and International Economies , 4 : 351 – 370 .
  • West , K. D. 1987 . A specification test for speculative bubbles . Quarterly Journal of Economics , 102 : 553 – 580 .
  • Yamakochi , A. 1994 . Housing problems in Japan: policy review and perspectives , Japan Economic Institute Report No. 47A

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.