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Japanese Monetary Policy from 1970 to 1990: Rules or Discretion?

In: Price Stabilization in the 1990s

Author

Listed:
  • Kazuo Ueda
  • Koichi Hamada
  • Jack H. Beebe

Abstract

Both the Japanese economy and the Bank of Japan’s monetary policy have exhibited large swings over the last two decades. This chapter summarizes some of the key features of the experience and attempts to draw lessons from it for the conduct of monetary policy, especially regarding the rules versus discretion debate.

Suggested Citation

  • Kazuo Ueda & Koichi Hamada & Jack H. Beebe, 1993. "Japanese Monetary Policy from 1970 to 1990: Rules or Discretion?," Palgrave Macmillan Books, in: Kumiharu Shigehara (ed.), Price Stabilization in the 1990s, chapter 7, pages 191-229, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-12893-8_7
    DOI: 10.1007/978-1-349-12893-8_7
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    Cited by:

    1. Brendan Brown, 2021. "Why Has Foreign Monetary Resistance to the Inflationary Dollar Hegemon Been So Weak in the Past Quarter Century (1995-)?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(2), pages 127-141, June.

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