困難を乗り越える方法｜メイウェザーが最も効かされた瞬間 ...

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Skip to Content Japanese English Chinese About RIETI Site Map Help Contact Discussion Papers Search Site Search Menu Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows According to Title Alphabetical order RIETI Alumni Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) Research Areas Fellows Research/Policy Papers Publications Events Data Articles Site Map Technical Issues Coontact Discussion Papers Search Close HomeResearch AreasResearch Programs (FY2020-2023)Macroeconomy and Low Birthrate/Aging Population Research Programs: Macroeconomy and Low Birthrate/Aging Population East Asian Production Networks, Trade, Exchange Rates, and Global Imbalances Print Project Leader/Sub-Leader THORBECKE, Willem (Senior Fellow) Leader Overview The Coronavirus pandemic has savaged the world. Not only has the human cost been tragic, but economic dislocation has multiplied. The first part of this research project seeks timely information about how and why the crisis is affecting economies in the world and then attempts to recommend appropriate policy responses. One source of timely and consistent information across countries is sectoral stock prices. These are available daily and provide updated information of investors' forecasts of how individual sectors are faring. Stock prices can be decomposed into changes driven by macroeconomic factors and by sector-specific factors. During the pandemic, macroeconomic factors such as economy-wide slowdowns have hit many sectors. In addition, sector specific influences such as exposure to reductions in human interactions have hit other sectors. This research will use stock return data to try to understand how and why different sectors in Japan and other countries have been affected during the pandemic. It augments this with other data. For instance, it estimates export functions from before the crisis and then uses actual values of explanatory variables to measure how much exports have fallen due to the pandemic. It then uses the results to recommend policy actions to promote recovery. The research also addresses longer-term issues. Researchers have highlighted the danger of volatile exchange rates emerging. This project investigates how exchange rates affect the pricing behavior, profits, and exports of firms from Japan, Europe, and elsewhere. To do this it uses approaches such as estimating pass-through equations, exchange rate exposure equations, and export equations. It then considers how firms can protect themselves from exchange rate volatility. Finally, imbalances in the world economy have caused protectionism to explode. This project analyses these imbalances and suggests ways other than trade protection to address them. January 18, 2021 - June 30, 2023 (During the research project period, the research activity period is set from January　18, 2021 to December 31, 2022, and the data usage reporting period is set from January 1, 2023 to June 30, 2023.) Major Research Results 2022 RIETI Discussion Papers 22-E-115"U.S. Trade Imbalances, East Asian Exchange Rates, and a New Plaza Accord" (Willem THORBECKE) 2021 RIETI Discussion Papers 22-E-003"Investigating How Exchange Rates Affected the Japanese Economy after the Advent of Abenomics" (Willem THORBECKE) 21-E-098"East Asian and European Firms: Comrades or Competitors" (Willem THORBECKE) Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Macroeconomy and Low Birthrate/Aging Population International Trade and Investment Regional Economies Innovation Industry Frontiers Raising Industrial and Firm Productivity Human Capital Integrated Research Policy Assessment Special Projects Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Major Common Themes: 2005 Major Common Themes: 2004 Projects Survey Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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