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This paper focuses on the recently developing financial derivatives markets, and examines the usefulness of option prices as an information variable for monetary policy implementation. A set of option prices provides us with information on the whole probability distribution of the future values...
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effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …
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We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to …
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This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated …
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materialize, the Bank of Japan (BoJ) should act swiftly through further and/or longer- dated asset purchases. Communication should … coming years with uncertain net effects—higher exports and capital outflows—in the short term. As long as Japan continues …
Persistent link: https://www.econbiz.de/10011244783
biased upwards. This paper illustrates the importance of measuring and correcting estimates for this bias using Japan …’s unique experience of prolonged low inflation/deflation. While we would expect the monetary policy reaction function in Japan …
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