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Policy Duration Effect Under Zero Interest Rates : An Application of Wavelet Analysis

Okina, Kunio; Shiratsuka, Shigenori - 2021

A major feature of recent monetary policy in Japan has been heavy reliance on the so-called policy duration effect …

Persistent link: https://www.econbiz.de/10013319451

The Effects of Monetary Policy Commitment: Evidence from Time- varying Parameter VAR Analysis

Nakajima, Jouchi; Shiratsuka, Shigenori; Teranishi, Yuki - Institute for Monetary and Economic Studies, Bank of Japan - 2010

In this paper, we explore the effects of the Bank of Japan's ( BOJ's) policy commitment under zero interest rates on …

Persistent link: https://www.econbiz.de/10008494217

Financial Crises As the Failure of Arbitrage: Implications for Monetary Policy

Saito, Makoto; Shiratsuka, Shigenori - In: Monetary and Economic Studies 19 (2001) S1, pp. 239-270

This paper attempts to view financial crises as the failure of arbitrage among financial markets, and takes the "Japan …

Persistent link: https://www.econbiz.de/10008472605

Policy Duration Effect under the Zero Interest Rate Policy in 1999-2000: Evidence from Japan's Money Market Data

Fujiki, Hiroshi; Shiratsuka, Shigenori - In: Monetary and Economic Studies 20 (2002) 1, pp. 1-31

This paper quantifies the policy duration effect of the zero interest rate policy implemented in Japan from February …

Persistent link: https://www.econbiz.de/10004971249

Comments on "Price Stability and Japanese Monetary Policy."

Fujiki, Hiroshi; Okina, Kunio; Shiratsuka, Shigenori - In: Monetary and Economic Studies 22 (2004) 3, pp. 25-36

This commentary summarizes the authors' main points of agreement and disagreement with respect to the proposal written by Dr. Hetzel. The authors agree with Dr. Hetzel's proposal on four points: after a central bank has lowered the interest rate to zero, (1) a central bank is not in fact...

Persistent link: https://www.econbiz.de/10004975830

Policy Responses to the Post-bubble Adjustments in Japan: A Tentative Review

Mori, Naruki; Shiratsuka, Shigenori; Taguchi, Hiroo - In: Monetary and Economic Studies 19 (2001) S1, pp. 53-102

-bubble adjustments in Japan. The adjustments after the collapse of the bubble have been prolonged due to (1) the rapid downward revision … should draw from this experience is the importance for the Bank of Japan of identifying the precise impacts of shocks on the …

Persistent link: https://www.econbiz.de/10004977190

The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons: Background Paper

Okina, Kunio; Shirakawa, Masaaki; Shiratsuka, Shigenori - In: Monetary and Economic Studies 19 (2001) S1, pp. 395-450

Since the latter half of the 1980s, Japan's economy has experienced the emergence, expansion, and bursting of a bubble …

Persistent link: https://www.econbiz.de/10004977194

Monetary Policy under Zero Interest Rate: Viewpoints of Central Bank Economists

Fujiki, Hiroshi; Okina, Kunio; Shiratsuka, Shigenori - In: Monetary and Economic Studies 19 (2001) 1, pp. 89-130

rate in Japan. By taking due account of such proposals, this paper intends to examine monetary policy options under the … monetary policy in Japan in order to improve its effectiveness and efficiency. …

Persistent link: https://www.econbiz.de/10004977223

Comments on "Price stability and Japanese monetary policy"

Fujiki, Hiroshi; Okina, Kunio; Shiratsuka, Shigenori - 2004

Persistent link: https://www.econbiz.de/10002117620

The policy duration effect under zero interest rates : an application of wavelet analysis

Okina, Kunio; Shiratsuka, Shigenori - In: Japan's great stagnation : financial and monetary …, (pp. 183-210). 2006

Persistent link: https://www.econbiz.de/10003356259

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