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Monetary Policy and the Lost Decade.

This paper investigates how monetary policy can help ward off a protracted deflationary slump when policy rates are near the zero bound by studying the experience of Japan during the ""Lost Decade"" which followed the asset-price bubble collapse in the early 1990s. Estimation res...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Leigh, Daniel
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Leigh, Daniel. 
245 1 0 |a Monetary Policy and the Lost Decade. 
260 |a Washington :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (50 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
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490 1 |a IMF Working Papers ;  |v v. Working Paper No. 09/232 
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505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. The Japanese Economy Since 1990; II. Empirical Analysis; A. Model Specification; B. Model Estimation; 1. Estimation Results; 2. Estimation Results: Implicit Inflation Target; 3. Estimation Results: Natural Rate of Interest; 4. Estimated Policy-Rate Target and Actual Policy Rate; 5. Autocorrelation Functions; III. Counterfactual Analysis; 6. Demand and Supply Shocks: 1990-2005; 7. Actual and Counterfactual Macroeconomic Dynamics:; 2. Actual and Counterfactual Inflation and Output Loss. 
505 8 |a 8. Actual and Counterfactual Macroeconomic Dynamics:9. Actual and Counterfactual Macroeconomic Dynamics:; 10. Actual and Counterfactual Macroeconomic Dynamics:; IV. Conclusion; Appendix; References; Footnotes. 
520 |a This paper investigates how monetary policy can help ward off a protracted deflationary slump when policy rates are near the zero bound by studying the experience of Japan during the ""Lost Decade"" which followed the asset-price bubble collapse in the early 1990s. Estimation results based on a structural model suggest that the Bank of Japan's interest-rate policy fits a conventional forward-looking reaction function with an inflation target of about 1 percent. The disappointing economic performance thus seems primarily due to a series of adverse economic shocks rather than an extraordinary po. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Monetary policy  |z Japan  |x Econometric models. 
650 0 |a Deflation (Finance)  |z Japan  |x Econometric models. 
650 0 |a Anti-inflationary policies  |z Japan  |x Econometric models. 
651 0 |a Japan  |x Economic conditions  |y 1989- 
651 0 |a Japan  |x Economic policy  |y 1989- 
650 6 |a Politique monétaire  |z Japon  |x Modèles économétriques. 
650 6 |a Déflation  |z Japon  |x Modèles économétriques. 
650 6 |a Inflation  |x Politique gouvernementale  |z Japon  |x Modèles économétriques. 
651 6 |a Japon  |x Conditions économiques  |y 1989- 
651 6 |a Japon  |x Politique économique  |y 1989- 
650 7 |a Anti-inflationary policies  |x Econometric models  |2 fast 
650 7 |a Deflation (Finance)  |x Econometric models  |2 fast 
650 7 |a Economic history  |2 fast 
650 7 |a Economic policy  |2 fast 
650 7 |a Monetary policy  |x Econometric models  |2 fast 
651 7 |a Japan  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJkT7GyCmyjxytDfqk6Yfq 
648 7 |a Since 1989  |2 fast 
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830 0 |a IMF Working Papers. 
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