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Persistent link: https://www.econbiz.de/10013327164
The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … creation in Japan's post-bubble period. With the price level being assumed to be dependent on both goods with free market …
Persistent link: https://www.econbiz.de/10013284915
and emerging economies - namely the United States, the Euro Area, Japan, the United Kingdom, Australia, South Korea …
Persistent link: https://www.econbiz.de/10010255144
Does fiscal policy have large and qualitatively different effects on the economy when the nominal interest rate is zero? An emerging consensus in the New Keynesian literature is that the answer is yes. New evidence provided here suggests that the answer is often no. For a broad range of...
Persistent link: https://www.econbiz.de/10010209160
changing effectiveness of the Bank of Japan's Quantitative Easing policies over time. We analyse the Zero-Interest Rate Policy …
Persistent link: https://www.econbiz.de/10010396034
Persistent link: https://www.econbiz.de/10010351524
Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve … sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary … significantly in Japan with lower interest rates. Private investment displays this unconventional behavior because of uncertainty …
Persistent link: https://www.econbiz.de/10010425704
Recently, the Bank of Japan outlined a "two perspectives" approach to the conduct of monetary policy that focuses on … band spectrum regression to study the determination of inflation in Japan. We find that inflation is related to money …
Persistent link: https://www.econbiz.de/10010382347
changing effectiveness of the Bank of Japan's Quantitative Easing policies over time. We analyse the Zero-Interest Rate Policy …
Persistent link: https://www.econbiz.de/10010383204
discusses the implications of "Abenomics," particularly qualitative and quantitative easing (QQE) by the Bank of Japan (BOJ …
Persistent link: https://www.econbiz.de/10010465407