discusses the implications of "Abenomics," particularly qualitative and quantitative easing (QQE) by the Bank of Japan (BOJ …

Japan has been in a benign liquidity trap since 1990. In a benign liquidity trap, interest rates approach zero, prices … macro theories. This paper introduces a monetary general equilibrium model that is compatible with Japan’s performance and …

This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece …

Japan's aging and shrinking population could lower the natural rate of interest and, together with low inflation … expectations, challenge the Bank of Japan's efforts to reflate the economy. This paper uses a semi-structural model to estimate the … impact of demographics on the natural rate in Japan. We find that demographic change has a significantly negative impact on …

elevated. However, this paper shows that the Bank of Japan's (BoJ) highly accommodative monetary policy is primarily … developments in Japan to the evolution of JGBs' long-term interest rates. …

This paper analyzes the impact of conventional and unconventional monetary policy on income inequality in Japan, using … hitherto unexplored data from the Japan Household Panel Survey. Empirical evidence shows that expansionary monetary policy in … Japan has contributed to diminishing the gender pay gap, but also to increasing the education pay gap. These effects may …