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A macro-finance analysis of the term structure and monetary policy in Japan : using a model with time-variant equilibrium rates of real interest and inflation and with zero lower b...
Oda, Nobuyuki (contributor); Suzuki, Takashi (contributor) - 2007
Persistent link: https://www.econbiz.de/10003529646
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A Macro-Finance Analysis of the Term Structure and Monetary Policy in Japan: Using a Model with Time-Variant Equilibrium Rates of Real Interest and Inflation and with the Zero Lowe...
Oda, Nobuyuki; Suzuki, Takashi - Bank of Japan - 2007
We study the term structure of interest rates and monetary policy in Japan empirically, using a macro-finance model. In particular, we investigate whether or not Japan's low long-term interest rates can be explained with economic rationality by taking into account some key features of the...
Persistent link: https://www.econbiz.de/10010894553