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Recent monetary policy effects on Japanese macroeconomy

Author

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  • Yutaka Kurihara

    (Department of Economics, Aichi University, Japan)

Abstract

This paper empirically analyzes the effects of recent monetary policy based on expected and real-time data for Japan. Also, expected data between different time periods would have impacts on the economy and are taken into account. Since the 2000s, Japan has experienced a serious recession and low or zero interest rates policy has been conducted, so such a special situation might have influence on the economy. The empirical results show that past forecast error data of GDP plays a significant role on macro economy in Japan, however, impacts on the economy are not found during a longer period, over a quarter. Furthermore, forecast data is not crucial to the economy. Classification JEL: E4, E5.

Suggested Citation

  • Yutaka Kurihara, 2017. "Recent monetary policy effects on Japanese macroeconomy," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 5(5), pages 12-17, October.
    • Handle: RePEc:lrc:lareco:v:5:y:2017:i:5:p:12-17
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Forecast; GDP; Inflation; Macroeconomics; Monetary policy.;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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