Taghizadeh-Hesary, Farhad; Yoshino, Naoyuki; Shimizu, Sayoko - 2018
This paper assesses the effects of the most recent monetary policy behavior of the Bank of Japan (BOJ) (in particular … during the period of 2002Q1 to 2017Q3. The vector error correction model that develops in this research, shows that increase … in money stock (m1) through quantitative easing (QE) and quantitative and qualitative easing (QQE) policies of the BOJ …