interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation …

Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate … monetary policy should not be overruled or the high inflation would be repeated. By this logic, the Bank of Japan obtained /de …, the Bank of Japan was able to tighten monetary policy and to contain the inflation rate under 10 percent. The interest …

of Japan's rhetoric was not helpful in fighting deflation, and the interest rate hike in August 2000 amid deflation was a …This paper reviews Japanese monetary policy over the last two decades with an emphasis on the experience of deflation … serious mistake. Deflation can be quite costly, and a key element in both preventing and escaping deflation is the management …

Singapore entered the COVID-19 pandemic with sizable policy space and robust economic policy frameworks, yet facing …

The paper aims at explaining why the Bank of Japan has not adopted inflation targeting, despite calls for such a policy … give clues to changing reasons against inflation targeting. Inflation targeting was not adopted in Japan in the early years … specific number for an appropriate inflation rate. A Bank of Japan study, completed in October 2000, did not give any clear …

In the spring of 2013 the Bank of Japan introduced a state-of-the-art monetary policy which included among other things … inflation targeting and aggressive use of forward guidance. In contrast to the predictions of conventional macroeconomic theory … I sketch a model meant to capture the challenge of reflation in Japan. As in recent literature I attempt to mute the …

their role in influencing the credibility of the monetary authority. We focus on measures of inflation expectations, the … mean reversion properties of inflation, and indicators of exchange rate risk. In addition we place some emphasis on whether …

the adoption of inflation targeting. However, the recent financial crisis and the call for central banks to focus more on …

Existing proposals to escape from a liquidity trap and deflation, including my Foolproof Way,' are discussed in the … conclude that the Foolproof Way is likely to work well for Japan, which is in a liquidity trap now, as well as for the euro …