monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling … of the liquidity trap. In this context, monetary reform is discussed with respect to the exit from low interest rate and …

monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling … of the liquidity trap. In this context, monetary reform is discussed with respect to the exit from low interest rate and …

benign neglect towards monetary policy reform in a world dominated by financial markets has led to a erosion of the … hysteresis of low interest rates and high government debt levels. In this context, monetary reform is discussed with respect to … the exit from low interest rates and high debt policies and a reform of the prevalent world monetary system. It is …

monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling … of the liquidity trap. In this context, monetary reform is discussed with respect to the exit from low interest rate and …

Japan experienced a boom-and-bust cycle in the real estate and stock markets almost 20 years earlier than Europe. Since … institutions. Japan reached a low interest rate environment in the mid 1990s and has accumulated an exceptionally high level of … public debt during more than two decades of economic stagnation. This paper compares the boom-and-bust cycles in Japan and …

The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the … characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary … well as gradual real income losses, the economic policy implication for Japan and Europe is the timely exit from the …

Japan hat nicht nur 15 Jahre vor Europa einen Boom-und-Krisen-Zyklus durchschritten, sondern auch wichtige Erfahrungen … gemacht. Japan hat die Nullzinsgrenze bereits 1999 erreicht und eine Staatsverschuldung in Rekordhöhe angehäuft. Das Papier … vergleicht die Boom-und- Krisen-Zyklen in Japan und Europa hinsichtlich der Ursachen, des Krisenverlaufs, der Krisentherapien und …

This paper studies the role of the yen/dollar exchange rate in the Bank of Japan?s monetary policy reaction function …