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Two Decades of Japanese Monetary Policy and the Deflation Problem

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NBER2004-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10878
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This paper reviews Japanese monetary policy over the last two decades with an emphasis on the experience of deflation from the mid-1990s. The paper is quite critical of the conduct of monetary policy, particularly from 1998 to 2003. The Bank of Japan's rhetoric was not helpful in fighting deflation,
提供机构:
美国国家经济研究局
创建时间:
2004-11-01
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