Monetary Policy Under Zero Inflation: A Response to Criticisms and Questions Regarding Monetary PolicyInstitute for Monetary and Economic Studies, Bank of Japan, 1999 - 31 pagina's Evaluates questions and criticisms regarding the conduct of BOJ's monetary policy under zero inflation by using two criteria. |
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Inhoudsopgave
Introduction | 1 |
A Response to Criticisms and Questions Regarding Monetary Policy | 9 |
Principles and New Questions | 30 |
Veelvoorkomende woorden en zinsdelen
adopted inflation targeting Allan Meltzer Bank of Japan bank's balance sheet banknotes base money targeting BOJ's balance sheet central bank central bank's balance conduct of monetary control long-term interest depreciation Economic Statistics Monthly effects and side excess reserve targeting exchange rate system Figure Financial and Economic fixed exchange rate foreign exchange market foreign exchange rate Fumio Hayashi GDP deflator growth rate Japan Law Japanese economy Jun Muranaga Keizai liquidity trap long-term government bonds long-term interest rates M2+CDs Market Liquidity market participants measures monetary easing monetary operations Monetary Policy Meeting money multiplier money supply Nihon Keizai Shimbun Nobuyuki Oda Nominal GDP non-performing assets Number Author(s outright purchase overnight call rate overnight interest rates policy framework Price Index price stability price volatility risk purchase of government purchase of long-term quantitative easing R.J. Gordon Regarding Monetary Policy Shigenori Shiratsuka side effects sound development term interest rates Tokiko Shimizu unlimited purchase virtually zero percent