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Japanese monetary policy during the collapse of the bubble economy : a view of policymaking under uncertainty

Fujiwara, Ippei; Hara, Naoko; Hirakata, Naohisa; … - In: Monetary and economic studies 25 (2007) 2, pp. 89-128

Persistent link: https://www.econbiz.de/10003583855

Japanese monetary policy during the collapse of the bubble economy : a view of policymaking under uncertainty

Fujiwara, Ippei; Hara, Naoko; Hirakata, Naohisa; … - In: Monetary and economic studies 25 (2007) 2, pp. 89-128

Persistent link: https://www.econbiz.de/10009935097

Japanese Monetary Policy during the Collapse of the Bubble Economy: A View of Policy-making under Uncertainty

Fujiwara, Ippei; Hara, Naoko; Hirakata, Naohisa; … - Institute for Monetary and Economic Studies, Bank of Japan - 2007

Focusing on policy-making under uncertainty, we analyze the Bank of Japanfs monetary policy in the early 1990s when the bubble economy collapsed. Conducting stochastic simulations with a large-scale macroeconomic model of the Japanese economy, we find that the BOJfs monetary policy at that time...

Persistent link: https://www.econbiz.de/10004975775

Japanese Monetary Policy during the Collapse of the Bubble Economy: A View of Policymaking under Uncertainty

Fujiwara, Ippei; Hara, Naoko; Hirakata, Naohisa; … - In: Monetary and Economic Studies 25 (2007) 2, pp. 89-128

Focusing on policymaking under uncertainty, we analyze the monetary policy of the Bank of Japan (BOJ) in the early 1990s, when the bubble economy collapsed. Conducting stochastic simulations with a large- scale macroeconomic model of the Japanese economy, we find that the BOJf s monetary policy...

Persistent link: https://www.econbiz.de/10004975789