prototypical New Keynesian model fit to Japanese data exhibits orthodox dynamics during Japan's episode with zero interest rates …. We then demonstrate that this specification is more consistent with outcomes in Japan than alternative specifications …

Least Squares and an Ordered Probit model. The empirical analysis uses daily intervention data for Australia, Japan and …

. First, I analyze how the Bank of Japan conducted interest rate policy over the 1990s as the economy entered a deflationary …This paper investigates how monetary policy can help to avoid the liquidity trap by studying the experience of Japan … of interest. The estimation strategy reveals that the Bank’s implicit inflation target declined to about 1% in the 1990s …

Kreditvergabe. Es wird gezeigt, wie durch die anhaltend lockere Geldpolitik der Bank von Japan die Sparkultur in Japan grundlegend …Das Papier untersucht die Veränderung der Sparkultur in Japan während mehr als 30 Jahren Niedrig-, Null- und …

? Using data from the Czech National Bank and data on individual Czech banks, I find evidence that in 1995 banks are provided … portfolio switch and find that the central bank instituted a monetary tightening during a regime of fixed exchange rates and … mobile capital. The central bank sterilized the continuing capital inflows. The resulting higher interbank interest rates and …

This paper analyzes the impact of conventional and unconventional monetary policy on income inequality in Japan, using … hitherto unexplored data from the Japan Household Panel Survey. Empirical evidence shows that expansionary monetary policy in … Japan has contributed to diminishing the gender pay gap, but also to increasing the education pay gap. These effects may …

that the Bank of Japan's monetary policies have boosted stock markets in particular, leading to disproportionate benefits … stocks, while middle and lower income households hold a greater share of their savings in bank deposits. Our hypothesis is … policy may have contributed to the persistent growth in income inequality in Japan, as measured by metrics such as the Gini …

Japan has experienced stagnation, deflation, and low interest rates for decades. It is caught in a liquidity trap. This … paper examines Japan's liquidity trap in light of the structure and performance of the country's economy since the onset of … understanding Japan's liquidity trap but also for formulating and implementing policies that can overcome the liquidity trap and …