approach and have focused on the QE-experience, on which substantial data is available, namely that of Japan (2001 … policy goal of monetary policy. The empirical research finds that the policy conducted by the Bank of Japan between 2001 and …

March 2009. Similar policies had been previously implemented in Japan, the U.S. and the Eurozone. The effectiveness is …

that of Japan in the 1990s. Then a weak economy with risk-averse banks seemed to require some of the largest peacetime …). -- Credit ; Crowding Out ; Equation of Exchange ; Fiscal Policy ; Japan ; Monetarism ; Monetary Policy ; Quantity Equation …