An Aggregate Demand - Aggregate Supply Analysis of Japanese Monetary Policy, 1973-1990

Kenneth D. West

An aggregate demand - aggregate supply framework is used to analyze the effects of Japanese monetary policy, 1973:1-1990:8. It is found that money supply shocks contribute relatively little to output variability over the sample as a whole. Nor do these shocks seem to be particularly marked during business cycle contractions. The effects of monetary policy on prices and output appear to be quite similar to those of a constant money growth rule

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Year of publication:	August 1991
Authors:	West, Kenneth D.
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Gesamtwirtschaftliche Nachfrage \| Aggregate demand \| Japan \| Geldpolitik \| Monetary policy \| Gesamtwirtschaftliches Angebot \| Aggregate supply \| Theorie \| Theory \| Keynesianismus \| Keynesian economics \| Geldmengensteuerung \| Monetary targeting \| Konjunktur \| Business cycle \| Makroökonomik \| Macroeconomics

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w3823
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w3823 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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