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Did quantitative easing by the Bank of Japan "work"? Author info | Abstract | Publisher info | Download info | Related research | Statistics Mark M. Spiegel
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The success, or lack thereof, of the Bank of Japan's quantitative easing program is of interest not only as an important experience in Japanese economic history, but more generally as an unprecedented experiment in monetary policy under very low nominal interest rates. In this Economic Letter, I review the evidence that has emerged to date concerning the impact of the quantitative easing policy.
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Article provided by Federal Reserve Bank of San Francisco in its journal FRBSF Economic Letter .
Volume (Year): (2006)
Issue (Month): Oct 20 ()
Pages:
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Handle: RePEc:fip:fedfel:y:2006:i:oct20:n:2006-28Contact details of provider: Postal: P.O. Box 7702, San Francisco, CA 94120-7702 Phone: (415) 974-2000 Fax: (415) 974-3333 Email: Web page: http://www.frbsf.org/ More information through EDIRC
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Keywords: Monetary policy - Japan ; Interest rates - Japan ; Bank of Japan ; Banks and banking - Japan ; References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Takeshi Kobayashi & Mark Spiegel & Nobuyoshi Yamori, 2006.
"Quantitative easing and Japanese bank equity values ,"
Working Paper Series
2006-19, Federal Reserve Bank of San Francisco.
[Downloadable!]
Other versions: Naohiko Baba & Shinichi Nishioka & Nobuyuki Oda & Masaaki Shirakawa & Kazuo Ueda & Hiroshi Ugai, 2005.
"Japan's deflation, problems in the financial system and monetary policy ,"
BIS Working Papers
188, Bank for International Settlements.
[Downloadable!]
Alan J. Auerbach & Maurice Obstfeld, 2005.
"The Case for Open-Market Purchases in a Liquidity Trap ,"
American Economic Review ,
American Economic Association, vol. 95(1), pages 110-137, March.
[Downloadable!]
Other versions:
Auerbach, Alan J & Obstfeld, Maurice, 2004.
"The Case for Open-Market Purchases in a Liquidity Trap ,"
CEPR Discussion Papers
4447, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Alan Auerbach & Maurice Obstfeld, 2004.
"The Case for Open-Market Purchases in a Liquidity Trap ,"
Macroeconomics
0407009, EconWPA.
[Downloadable!] Alan J. Auerbach & Maurice Obstfeld, 2003.
"The Case for Open-Market Purchases in a Liquidity Trap ,"
NBER Working Papers
9814, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Alan Auerbach & Maurice Obstfeld, 2004.
"The Case for Open-Market Purchases in a Liquidity Trap ,"
Center for International and Development Economics Research, Working Paper Series
1051, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
[Downloadable!] Alan Auerbach & Maurice Obstfeld, 2003.
"The case for open-market purchases in a liquidity trap ,"
Proceedings ,
Federal Reserve Bank of San Francisco, issue Mar.
[Downloadable!]
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This page was last updated on 2009-12-9.
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