Japanese Monetary Policy Rules Or Discretion? Part II
Author | : Kazuo Ueda |
Publisher | : |
Total Pages | : 17 |
Release | : 1996 |
Genre | : Monetary policy |
ISBN | : |
Download Japanese Monetary Policy Rules Or Discretion? Part II Book in PDF, ePub and Kindle
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Japanese Monetary Poicy Rules Or Discretion Part Ii PDF full book. Access full book title Japanese Monetary Poicy Rules Or Discretion Part Ii.
Author | : Kazuo Ueda |
Publisher | : |
Total Pages | : 17 |
Release | : 1996 |
Genre | : Monetary policy |
ISBN | : |
Author | : Kazuo Ueda |
Publisher | : |
Total Pages | : |
Release | : 1996 |
Genre | : |
ISBN | : |
Author | : Kazuo Ueda |
Publisher | : |
Total Pages | : 34 |
Release | : 1996 |
Genre | : Banks and banking |
ISBN | : |
Author | : Kazuo Ueda (author) |
Publisher | : |
Total Pages | : 17 |
Release | : |
Genre | : |
ISBN | : |
Author | : Mr.Guy Meredith |
Publisher | : International Monetary Fund |
Total Pages | : 28 |
Release | : 1992-08-01 |
Genre | : Business & Economics |
ISBN | : 1451848331 |
This paper compares the hypothetical performance of various monetary policy rules with that of the discretionary policies actually pursued in Japan over the 1986-91 period. The results suggest that simple rules based on targeting growth in either the money supply, nominal income, or prices would have failed to stabilize economic variables more successfully than discretionary policies. At the same time, it appears that an indicator of monetary conditions incorporating movements in the real exchange rate and the real interest rate would have been useful in assessing the effect of current policies on future activity.
Author | : Kenneth J. Singleton |
Publisher | : University of Chicago Press |
Total Pages | : 208 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226760685 |
How has the Bank of Japan (BOJ) helped shape Japan's economic growth during the past two decades? This book comprehensively explores the relations between financial market liberalization and BOJ policies and examines the ways in which these policies promoted economic growth in the 1980s. The authors argue that the structure of Japan's financial markets, particularly restrictions on money-market transactions and the key role of commercial banks in financing corporate investments, allowed the BOJ to influence Japan's economic success. The first two chapters provide the most in-depth English-language discussion of the BOJ's operating procedures and policymaker's views about how BOJ actions affect the Japanese business cycle. Chapter three explores the impact of the BOJ's distinctive window guidance policy on corporate investment, while chapter four looks at how monetary policy affects the term structure of interest rates in Japan. The final two chapters examine the overall effect of monetary policy on real aggregate economic activity. This volume will prove invaluable not only to economists interested in the technical operating procedures of the BOJ, but also to those interested in the Japanese economy and in the operation and outcome of monetary reform in general.
Author | : Bennett T. McCallum |
Publisher | : |
Total Pages | : 92 |
Release | : 1993 |
Genre | : Monetary policy |
ISBN | : |
This paper investigates the performance, in several small-scale models of the Japanese economy, of an operational monetary policy rule related to ones previously considered for the United States. The rule dictates settings of the monetary base that are designed to produce values of nominal GNP close to targets that grow smoothly at a noninflationary rate. Simulations with quarterly data for the period 1972-1992 yield predominantly favorable results. Experiments with an interest rate instrument are also conducted but the simulated performance is less desirable. One section discusses issues concerning monetary base control in Japan.
Author | : Fondo Monetario Internacional |
Publisher | : |
Total Pages | : 19 |
Release | : 1992 |
Genre | : |
ISBN | : |
Author | : Adrian van Rixtel |
Publisher | : Cambridge University Press |
Total Pages | : 418 |
Release | : 2002-10-31 |
Genre | : Business & Economics |
ISBN | : 1139437488 |
The success (and misfortunes) of the post-war Japanese economy has been one of the most debated points in modern economics. Many explanations focus on cultural and institutional factors, and in particular the role of 'Informality' (networks organizing business activity and government policy). Adrian van Rixtel, an economist at the European Central Bank, provides a quantitative and qualitative assessment of Informality in the formation of Japanese monetary policy. Having been based in Japan for three years, two years of which were spent at the Institute for Monetary and Economic Studies at the Bank of Japan and the Japanese Ministry of Finance, he is able to bring a unique 'insider-outsider' perspective to the subject.
Author | : John B. Taylor |
Publisher | : University of Chicago Press |
Total Pages | : 460 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226791262 |
This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike.