Anand, Rahul; Hong, Gee Hee; Hul, Yaroslav - 2019
The Bank of Japan has introduced various unconventional monetary policy tools since the launch of Abenomics in 2013, to … analysis (FPAS) for Japan. In the model's baseline scenario, the likelihood of the Bank of Japan reaching its 2 percent … achieve the price stability target of 2 percent inflation. In this paper, a forward-looking open-economy general equilibrium …