Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/19281

Title: Objectives and makings of monetary policy in Japan
Authors: Asako, Kazumi
Spencer, Christopher
Liu, Zhentao
Issue Date: 2015
Publisher: Iwanami Shoten / © Institute of Economic Research, Hitotsubashi University
Citation: ASAKO, K., SPENCER, C. and LIU, Z., 2015. Objectives and makings of monetary policy in Japan. Economic Review (Keizai Kenkyuu), 66 (2), pp. 97 - 114.
Abstract: We attempt to identify significant objectives of monetary policy for the period from 1990 to 2013 and compare the results to those obtained by Asako and Kanoh (1997) for an earlier sample period. With the introduction of nontraditional monetary policy management such as zero-interest-rate policy and quantitative-easing policy, we find and examine some important shifts in the role of government bonds modeled by Asako and Kanoh as one of five stabilizing objectives of the monetary policy. We also look into the making of the monetary policy by focusing on the votes by the Bank of Japan Policy Board members.
Description: This article is in Japanese and is closed access.
Version: Accepted for publication
URI: https://dspace.lboro.ac.uk/2134/19281
Publisher Link: http://www.ier.hit-u.ac.jp/English/publication/index.html
ISSN: 0022-9733
Appears in Collections:Closed Access (Economics)

Files associated with this item:

File Description SizeFormat
Asako-Spencer-Liu再校ゲラ.pdfAccepted version1.04 MBAdobe PDFView/Open


SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.