PRI “Discussion Paper” showcase fiscal and economic issues being developed by PRI Staff and/or Economists/Researchers. The purpose of this paper is to provide academic novelty on the issue.
The views expressed herein are those of the author and do not necessarily reflect the opinions of the Ministry of Finance or the Policy Research Institute. The author is entirely responsible for any errors in this paper.
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Title/Keywords |
Authors |
Creation Date |
|---|---|---|
Rationality of Corporate Cash Holdings(PDF:261KB) Keywords: cash holdings, corporate governance, excess cash JEL Classification: G32, G34 |
Chief Economist, Policy Research Institute Ai Oku Former Senior Economist, Policy Research InstituteHayato Hashimoto Researcher, Policy Research InstituteKeigo Watanabe |
September 2018 /18A-10 |
| Financial friction sources in emerging economies：Structural estimation of sovereign default models(PDF:2308KB) Keywords: Sovereign default, Business cycles, Financial imperfections, Particle filter, Sequential Monte Carlo, Full nonlinear DSGE JEL Classification: E32, E62, F41, F44 |
Senior Economist, Policy Research Institute, Ministry of Finance Takefumi Yamazaki |
February 2018 /18A-03 |
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