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:
Since 1989
Monetary policy > Japan > Econometric models.
Deflation (Finance) > Japan > Econometric models.
Anti-inflationary policies > Japan > Econometric models.
Politique monétaire > Japon > Modèles économétriques.
Déflation > Japon > Modèles économétriques.
Inflation > Politique gouvernementale > Japon > Modèles économétriques.
Anti-inflationary policies > Econometric models
Deflation (Finance) > Econometric models
Economic history
Economic policy
Monetary policy > Econometric models
Japan > Economic conditions > 1989-
Japan > Economic policy > 1989-
Japon > Conditions économiques > 1989-
Japon > Politique économique > 1989-
Japan
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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.
  • 8. Actual and Counterfactual Macroeconomic Dynamics:9. Actual and Counterfactual Macroeconomic Dynamics:; 10. Actual and Counterfactual Macroeconomic Dynamics:; IV. Conclusion; Appendix; References; Footnotes.

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