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Quantitative Easing and the Labor Market in Japan

Author

Listed:
  • Chun-Hung Kuo

    (International Univeristy of Japan)

  • Hiroaki Miyamoto

    (The University of Tokyo)

Abstract

This paper studies the effectiveness of unconventional monetary policy on the labor market. By using the Japan's data, we estimate structural vector autoregressive models. Our empirical analysis demonstrates that while unconventional monetary policy boosts output and employment significantly, its effects on inflation and nominal wages are limited.

Suggested Citation

  • Chun-Hung Kuo & Hiroaki Miyamoto, 2016. "Quantitative Easing and the Labor Market in Japan," Working Papers EMS_2016_02, Research Institute, International University of Japan.
    • Handle: RePEc:iuj:wpaper:ems_2016_02
    as

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    File URL: https://www2.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2016_02.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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