| Autor: |
Yoichi Matsubayashi, Tamotsu Nakamura |
| Rok vydání: |
2021 |
| Předmět: |
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| Zdroj: |
Monetary Policies in the Age of Uncertainty ISBN: 9789811641459 |
| DOI: |
10.1007/978-981-16-4146-6_3 |
| Popis: |
This chapter’s main purpose is to increase the depth of understanding of Japan’s recent monetary policy. To examine the timing of the introduction and closure of Japan’s unconventional monetary policy, we must evaluate its effectiveness. This unconventional monetary policy consists of three pillars: quantitative and qualitative monetary easing, negative interest rates, and yield curve control. This chapter briefly explains the components and objectives of the three pillars and examines whether the intended objectives were actually achieved. A comparison of the Japanese experience with those of other advanced economies makes it clear that there are some substantial differences in unconventional monetary policies and their consequences among economies. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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