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The Bank of Japan adopted the Quantitative Easing (QE) Policy from March 2001 to March 2006. This paper investigates whether or not this QE had an effect in stimulating real economy in Japan. The identification of policy effect in the above Japanese case enables us to evaluate indirectly the...
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Japanese Abstract: 近年MMT(Modern Monetary...
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Japanese Abstract: 世に言う『財政規律』によれば少なくとも長期的には財政収支が均衡することを求められる。一方,最近話題のMMT (Modern Monetary...
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