The “Three Arrows” policies adopted by the current Abe administration are a combination of macroeconomic (monetary as well as fiscal) and microeconomic policies. Abe came up with the policy-mix in order to resolve two serious economic troubles that his administration faced when it assumed the top executive role in December 2012. First, since Japan’s asset bubble burst in 1990, the economy suffe...

Financial safety nets are intended to reduce the likelihood and severity of financial crises that have macroeconomic externalities. While safety nets are intended to confer benefits on the macroeconomy, their design and implementation may confer disproportionate benefits on identifiable sectors, such as banks and depositors. In this study, we distinguish between safety net benefits and subsidie...

Since long the argument has been that both bank specific and macroeconomic factors affect the nonperforming loans and the existing literature on macroeconomic variables suggests that many macroeconomic variables do strongly influence them. Over the last few years the literature that examines NPLs has expanded in line with the interest afforded to understanding the factors responsible for financ...

Abstract This paper investigates recent developments in meta-analysis, the tool to quantitatively synthesize research a certain body of literature. After providing brief overview on how do meta-analysis and discussing methodological advancements, I review applied contributions field macroeconomics. It turns out that meta-analyses have often questioned conventional wisdom established new consens...