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dc.contributor.authorRamana
dc.date.accessioned2018-09-17T14:11:53Z
dc.date.available2018-09-17T14:11:53Z
dc.date.issued2018-06-20
dc.identifier.otherCWPE1837
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/280299
dc.description.abstractJapan has had an outsized influence on global monetary policy. Avoiding becoming Japan has been a powerful force for Quantitative Easing. This paper argues, that despite popular perceptions, Japanese economic performance has not been a calamity; living standards have risen consistently over time and a full-fledged deflationary spiral avoided. These outcomes render making judgements about the Bank of Japan’s (BOJ) track record challenging despite the failure to meet the inflation target. The BOJ’s conceptual evolution on monetary policy and the various measures adopted over time are analysed for a fuller assessment of the effectiveness of monetary policy in Japan. The paper discusses the nascent, but increasingly influential academic research on the limitations of QE and its collateral effects on the economy, and what that portends for future BOJ policy.
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectQuantitative Easing
dc.subjectBank of Japan
dc.subjectdeflation
dc.titleJapan: Evaluating Aggressive Monetary Easing and Economic Performance
dc.typeWorking Paper
dc.identifier.doi10.17863/CAM.27668


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