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General discussion : practical experience with asset bubbles and financial crises
Macfarlane, Ian; Chairman - In: Proceedings - Economic Policy Symposium - Jackson Hole (1999), pp. 177-183
Persistent link: https://www.econbiz.de/10005419851
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Extracting market expectations from option prices: case studies in Japanese option markets
Nakamura, Hisashi; Shiratsuka, Shigenori - Federal Reserve Bank of Chicago - 1999
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...
Persistent link: https://www.econbiz.de/10005419977
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Shock from Graying; Is the Demographic Shift Weakening Monetary Policy Effectiveness
Imam, Patrick A. - International Monetary Fund (IMF) - 2013
effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …
Persistent link: https://www.econbiz.de/10011242214
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How Inclusive Is Abenomics?
Aoyagi, Chie; Ganelli, Giovanni; Murayama, Kentaro - International Monetary Fund (IMF) - 2015
We assess the ongoing reform efforts in Japan in terms of inclusive growth. We use prefectural level panel data to …
Persistent link: https://www.econbiz.de/10011242353
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Japan; 2013 Article IV Consultation
International Monetary Fund (IMF); International … - 2013
This 2013 Article IV Consultation highlights that on the back of new policy framework, growth in Japan accelerated …
Persistent link: https://www.econbiz.de/10011244552
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Japan: 2014 Article IV Consultation-Staff Report; and Press Release
International Monetary Fund (IMF); International … - 2014
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
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Estimating Monetary Reaction Functions at Near Zero Interest Rates: An Example Using Japanese Data
Kima, Tae-Hwan; Mizena, Paul - Centre for Finance, Credit and Macroeconomics (CFCM), …
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 …
Persistent link: https://www.econbiz.de/10008862659
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Export shocks and the zero bound trap
Fujiwara, Ippei - Federal Reserve Bank of Dallas - 2010
bound is not a binding constraint. This could be one possible explanation as to why a country like Japan experienced much …
Persistent link: https://www.econbiz.de/10008690997
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The Curious Case of the Yen as a Safe Haven Currency: A Forensic Analysis
Botman, Dennis P. J.; Filho, Irineu E. Carvalho; Lam, … - International Monetary Fund (IMF) - 2013
During risk-off episodes, the yen is a safe haven currency and on average appreciates against the U.S. dollar. We investigate the proximate causes of yen risk-off appreciations. We find that neither capital inflows nor expectations of the future monetary policy stance can explain the yen’s...
Persistent link: https://www.econbiz.de/10010790363
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Overview of the symposium, Changing Capital Markets: Implications for Monetary Policy (panel)
Tietmeyer, Hans - In: Proceedings - Economic Policy Symposium - Jackson Hole (1993), pp. 405-416
Persistent link: https://www.econbiz.de/10010725822