Showing 1 - 5 of 5
In this paper we study the role of the exchange rate in conducting monetary policy in an economy with near-zero nominal interest rates as experienced in Japan since the mid-1990s. Our analysis is based on an estimated model of Japan, the United States and the euro area with rational expectations...
Persistent link: https://www.econbiz.de/10009765351
Persistent link: https://www.econbiz.de/10003350007
Persistent link: https://www.econbiz.de/10001757651
Persistent link: https://www.econbiz.de/10001815184
Persistent link: https://www.econbiz.de/10001788615