EABER

The East Asian Bureau of Economic Research is a forum for high-quality economic research focussing on issues facing the economies of East Asia. It comprises representatives from Japan, China, South Korea, Vietnam, Cambodia, Laos, Thailand, Malaysia, the Philippines, Indonesia and Australia. The rapid development of the East Asian economies, the growth of intra-regional trade, financial and other economic interaction, and East Asia's new role in the global economy all underline the need for access to a vastly increased range of quality economic analysis on East Asia.

Such analysis from both inside and outside government is essential to assist policymakers in responding to, and anticipating, issues confronting the East Asian economy. Quality economic analysis is essential to assist policymakers in responding to new issues as they arise. EABER will provide research support for policymakers, improve links between researchers throughout the region, and create venues where researchers and policymakers can come together to discuss issues vital to economic development in East Asia.

For Working Papers from EABER Projects and Internal Conference Series click here.


July 2009 NEWSLETTER
Bubbles and demographics: Is China following Japan and the US?
 
Kazumasa Iwata*
 
In 2005 the former Chairman Greenspan noticed the insensitivity of long-term interest rates to changes in short-term interest rates and named it the “conundrum of the long-term interest rate”. His successor Chairman Bernanke elucidated the puzzle by pointing out that the world saving-investment balance shifted to excess saving tendency after the Asian currency crisis in 1997 and 98, despite the boom of world economy after the IT bubble burst. The high growth combined with the low real long-term interest rate created the macro-economic circumstances conducive to the emergence of bubbles... (read more)

*Kazumasa Iwata is Head of the Economic and Social Research Institute (ESRI) in Japan's Cabinet Office and formerly Deputy Governor of the Bank of Japan.


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News

The East Asia Forum (located at eastasiaforum.org) has daily content from EABER authors drawn from the EABER network. It provides a platform for the best in East Asian analysis, research and policy comment on the Asia-Pacific region and world affairs.