Wang, Rui - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-18
pressure. Since February 1999, the Bank of Japan (BoJ) has conducted several unconventional monetary policy programs … adjustment of short-term interest rate, may become impractical and ineffective for central banks. Therefore, quantitative easing … (QE) is one of the few available policy options of central banks for stimulating the economy and dealing with deflationary …