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We study cross-country differences in monetary policy transmission across the large four euro-area countries (France, Germany, Italy and Spain) using a large Bayesian vector autoregressive model with endogenous prior selection. Drawing both on the posterior distributions of the cross-country...
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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 …
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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 …
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This paper examines the methods used by the Bank of Japan for the estimation of the output gap. Attention is paid to …
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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 …
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