Taming Japans Deflation - The Debate over Unconventional Monetary Policy Park GenePevná vazba
Taming Japans Deflation - The Debate over Unconventional Monetary Policy Park GenePevná vazba Bolder economic policy could have addressed bouts of deflation in post-Bubble Japanese history, write…
Specifikacia Taming Japans Deflation - The Debate over Unconventional Monetary Policy Park GenePevná vazba
Taming Japans Deflation - The Debate over Unconventional Monetary Policy Park GenePevná vazba
Bolder economic policy could have addressed bouts of deflation in post-Bubble Japanese history, write Gene Park, Saori N. Despite warnings from economists, intense political pressure, and "unconventional monetary policy" options to address this problem, Japan's central bank, the Bank of Japan (BOJ), resisted taking the bold actions that the authors believe would have helped.With Prime Minister Abe Shinzo's return to power, Japan shifted course in early 2013 with the launch of his "Abenomics" economic agenda to reflate the economy and his appointment of a new leadership at the BOJ to achieve this goal. Katada, Giacomo Chiozza, and Yoshiko Kojo in Taming Japan's Deflation.
The authors explain how these policy As Taming Japan's Deflation shows, the BOJ's resistance to bolder policy stemmed from entrenched policy ideas that were hostile to activist monetary policy.