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 …

This paper investigates how monetary policy can help to avoid the liquidity trap by studying the experience of Japan …. First, I analyze how the Bank of Japan conducted interest rate policy over the 1990s as the economy entered a deflationary …

This paper examines the methods used by the Bank of Japan for the estimation of the output gap. Attention is paid to …

accountability of the ECB with some other central banks (Bank of Canada, Bank of Japan, Bank of England and the Federal Reserve … Japan, Bank of England und Federal Reserve System). Im zweiten Teil stellen wir eine Theorie über die Rechenschaftspflicht …

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

of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal … Reserve and the European Central Bank. Empirical evidence from the previous period of quantitative easing in Japan between … 2001 and 2006 is presented. During this earlier period the Bank of Japan was able to expand the monetary base very quickly …

"Abenomics" refers to the economic policies advocated by Prime Minister Shinzo Abe who became prime minister of Japan … experienced Japan's rapid growth of retired people. In this paper we will explain these three aspects of Abenomics and the current … state of the Japanese economy, and examine what further remedies may be required if Japan is to recover from its long …