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Endogenous Election Timings And Political Business Cycles In Japan
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Book Synopsis Endogenous Election Timings and Political Business Cycles in Japan by : Takatoshi Itō
Download or read book Endogenous Election Timings and Political Business Cycles in Japan written by Takatoshi Itō and published by . This book was released on 1989 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper constructs a theoretical model of political business cycles in a Parliamentary system and tests predictions and hypotheses of a theoretical model against the post-war Japanese data. Unlike in a presidential system, the timing of a general election is an endogenous policy variable in a parliamentary system. Thus, one of the interesting questions in a parliamentary system is whether elections cause business cycles or economic expansions trigger general elections. Empirical analyses of the post-war Japanese experience strongly indicate that the Japanese government did not manipulate policies in anticipation of approaching elections as political business cycle theories in a presidential system indicate. Instead, general elections were usually held during times of autonomous economic expansion. In other words, the Japanese government opportunistically manipulated the timing of elections rather than the economy.
Book Synopsis Endogenous election timings and political business cycles in Japan by : Takatoshi Ito
Download or read book Endogenous election timings and political business cycles in Japan written by Takatoshi Ito and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Political Business Cycles and Endogenous Elections by : Hakan Berument
Download or read book Political Business Cycles and Endogenous Elections written by Hakan Berument and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical research of political business cycles (PBCs) may suffer from endogeneity bias when incumbent governments have discretion to call for an early election. Using an instrumental variable (IV) routine on data from Japan and the U. K., we find strong evidence to support the notion that election timing is a function of the economy rather than the macroeconomy being driven by elections as assumed in PBC. In single-equation regressions, no evidence of political cycles are found, but Hausman tests suggest elections are endogenous in our regressions. A monetary cycle in Japan and an inflation cycle in the U. K. are uncovered through IV estimation.
Book Synopsis The Timing of Elections and Political Business Cycles in Japan by : Takatoshi Itō
Download or read book The Timing of Elections and Political Business Cycles in Japan written by Takatoshi Itō and published by . This book was released on 1989 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Impacts on Domestic Political Economy by :
Download or read book International Impacts on Domestic Political Economy written by and published by . This book was released on 1990 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Contemporary Japanese Politics by : Tomohito Shinoda
Download or read book Contemporary Japanese Politics written by Tomohito Shinoda and published by Columbia University Press. This book was released on 2013-08-27 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tomohito Shinoda tracks slow yet steady changes in the operation of and tensions between Japan's political parties and the public's behavior in Japanese elections, as well as in the government's ability to coordinate diverse policy preferences and respond to political crises.
Book Synopsis Political Business Cycles by : Bruno S. Frey
Download or read book Political Business Cycles written by Bruno S. Frey and published by Edward Elgar Publishing. This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of articles on how the government influences the economy in order to secure re-election. This book surveys the empirical and major theoretical approaches, such as vote maximization, partisan and vote-cum-partisan models, and rational political business cycles. It provides extensions including the role of the central bank, of direct democracy, and the cycles in European communist countries, as well as discussing policy relevance.
Book Synopsis The Political Economy of Japanese Monetary Policy by : Thomas F. Cargill
Download or read book The Political Economy of Japanese Monetary Policy written by Thomas F. Cargill and published by MIT Press. This book was released on 2003-01-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributions in this book provide a unique view of its emergence and growth in a number of different national settings in an area of the Third World where the industry is most advanced. In The Political Economy of Japanese Monetary Policy, Cargill, Hutchison, and Ito investigate the formulation and execution of monetary and financial policies in Japan within a broad technical, political, and institutional context.Their emphasis is on the period since the collapse of the Bretton Woods system of fixed exchange rates in the early 1970s, and on the effects of policies and institutions in shaping the modern Japanese economy. The authors present basic themes and recent developments, as well as their own research findings.They also review and integrate the large literature in the area. They consider theoretical arguments and empirical evidence for each topic discussed. Topics covered include Japan's low inflation record (despite the central bank's lack of formal independence from the government); politically motivated business cycles and the timing of elections; exchange rate policy and international policy coordination; the historical development of central banking; Japan's "bubble economy" of the 1980s; and the causes, magnitude, and regulatory responses to Japan's banking and financial crisis of the 1990s.
Book Synopsis Critical Readings on the Liberal Democratic Party in Japan by : Robert Pekkanen
Download or read book Critical Readings on the Liberal Democratic Party in Japan written by Robert Pekkanen and published by BRILL. This book was released on 2018-10-02 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Brill Critical Readings on the Liberal Democratic Party of Japan collects seminal scholarship on the LDP including its structure and organization (e.g. factions, koenkai), historical development, policy-making, and leadership by Junichiro Koizumi and Shinzo Abe.
Book Synopsis The Oxford Handbook of Time and Politics by : Klaus Goetz
Download or read book The Oxford Handbook of Time and Politics written by Klaus Goetz and published by Oxford University Press. This book was released on 2024 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook on Time and Politics is the first major publication that surveys time-centered research in political science across its sub-disciplines. As such, it integrates and consolidates an emergent body of knowledge, but also aims to inspire future scholarship. The Handbook highlights that paying systematic attention to time in political analysis yields questions and insights that are of relevance to a very broad range of political scientists working within different theoretical, methodological and epistemological traditions. The Handbook covers comparative politics and government; public policy; international relations; and political theory. Its authors are drawn from more than a dozen countries.
Book Synopsis The Strategy of Election Timing by : José María Maravall
Download or read book The Strategy of Election Timing written by José María Maravall and published by . This book was released on 2006 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Political Pressure, Rhetoric and Monetary Policy by : Philipp Maier
Download or read book Political Pressure, Rhetoric and Monetary Policy written by Philipp Maier and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Philipp Maier offers an examination of the extent to which governments and various interest groups have exerted pressure on central banks. The book looks in particular at the Deutsche Bundesbank - which acted as the blueprint for the European Central Bank (ECB) - and utilizes an original set of indicators to measure external pressure and support from the government and other institutions.
Download or read book Election Timing written by Alastair Smith and published by Cambridge University Press. This book was released on 2004-07-19 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Endogenous election timing allows leaders to schedule elections 'when the time is right'. The author proposes and tests an informational theory of endogenous election timing that explains when leaders call for elections and the consequences of their decisions. In particular, he argues that, if all else is equal, leaders announce elections when they anticipate a decline in their future performance. As a consequence, early elections signal a leader's lack of confidence in future outcomes. The earlier elections occur, relative to expectations, the stronger the signal of demise. Using data on British parliaments since 1945, the author tests hypotheses related to timing of elections, electoral support and subsequent economic performance. Leaders who call elections early (relative to expectations) experience a decline in their popular support relative to pre-announcement levels, experience worse post-electoral performance, and have shorter campaigns.
Book Synopsis Taming Japan's Deflation by : Gene Park
Download or read book Taming Japan's Deflation written by Gene Park and published by Cornell University Press. This book was released on 2018-11-15 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bolder economic policy could have addressed the persistent bouts of deflation in post-bubble Japan, write Gene Park, Saori N. Katada, Giacomo Chiozza, and Yoshiko Kojo in Taming Japan's Deflation. Despite warnings from economists, intense political pressure, and well-articulated unconventional policy options to address this problem, Japan's central bank, the Bank of Japan (BOJ), resisted taking the bold actions that the authors believe would have significantly helped. With Prime Minister Abe Shinzo's return to power, Japan finally shifted course at the start of 2013 with the launch of Abenomics—an economic agenda to reflate the economy—and Abe's appointment of new leadership at the BOJ. As Taming Japan's Deflation shows, the BOJ's resistance to experimenting with bolder policy stemmed from entrenched policy ideas that were hostile to activist monetary policy. The authors explain how these policy ideas evolved over the course of the BOJ's long history and gained dominance because of the closed nature of the broader policy network. The explanatory power of policy ideas and networks suggests a basic inadequacy in the dominant framework for analysis of the politics of monetary policy derived from the literature on central bank independence. This approach privileges the interaction between political principals and their supposed agents, central bankers; but Taming Japan's Deflation shows clearly that central bankers' views, shaped by ideas and institutions, can be decisive in determining monetary policy. Through a combination of institutional analysis, quantitative empirical tests, in-depth case studies, and structured comparison of Japan with other countries, the authors show that, ultimately, the decision to adopt aggressive monetary policy depends largely on the bankers' established policy ideas and policy network.
Book Synopsis NBER Macroeconomics Annual 2000 by : Ben Bernanke
Download or read book NBER Macroeconomics Annual 2000 written by Ben Bernanke and published by Mit Press. This book was released on 2001-02-19 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.
Book Synopsis Executive Leadership and Legislative Assemblies by : Nicholas D. J. Baldwin
Download or read book Executive Leadership and Legislative Assemblies written by Nicholas D. J. Baldwin and published by Routledge. This book was released on 2014-01-02 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between a head of government (head of the executive branch) and a nation's parliament or legislative assembly (the legislative branch) has long been the focus for comment and analysis - for example, has the prime minister in the United Kingdom come to a position of dominance at the expense of the power of parliament? Does the American president stand head and shoulders above Congress? Is a French president master of the system? Need the Russian president pay attention to the Duma? What of the position in other parliamentary and presidential systems? In this book, Baldwin seeks to provide answers, and does so by drawing upon the knowledge and expertise of an international group of scholars whose essays advance our knowledge of the subject. This book was previously published as a special issue of the Journal of Legislative Studies.
Book Synopsis Policy Uncertainty in Japan by : Ms.Elif C Arbatli
Download or read book Policy Uncertainty in Japan written by Ms.Elif C Arbatli and published by International Monetary Fund. This book was released on 2017-05-30 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.
