Fujiwara, Ippei; Hara, Naoko; Hirakata, Naohisa; … - In: International finance 8 (2005) 3, pp. 471-508
Reflecting recent economic developments in Japan, there is a growing interest in how monetary policy should be conducted under low inflation and nominal interest rates. Among several proposed solutions, the conventional wisdom seems to be to commit to lower future short-term nominal interest...
