. Deflation subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced … discussed. -- Deflation ; Quantitative Easing ; Japan ; Monetary Policy ; Zero Bound … of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal …

. Deflation subsided by 2005. As soon as inflation appeared to stabilize near a rate of zero, the Bank of Japan rapidly reduced … of recent announcements regarding direct asset purchases by the Bank of England, the Bank of Japan, the U.S. Federal … Reserve and the European Central Bank. Empirical evidence from the previous period of quantitative easing in Japan between …

too-low inflation. The experience of the Bank of Japan's encounter with the zero lower bound suggests important benefits … from a clear definition of price stability as a symmetric 2% goal for inflation, which the Bank adopted in 2013. … Geldpolitik auch beim Einsatz unkonventioneller Maßnahmen erfolgreich ist? Athanasios Orphanides analysiert die Maßnahmen der Bank …

Japan. The framework is a regimeswitching structural vector autoregression in which the monetary policy regime, chosen by … inflation and output, and that terminating QE may be contractionary or expansionary, depending on the state of the economy at …

prolonged period of low inflation in the euro area. This article offers a narrative of the monetary policy measures taken up to …

trade dispute. In the early 1990s, Japan faced sluggish economic growth and low inflation, as well as severe structural …Low inflation hit the Japanese economy shortly after the burst of the bubble in stocks and real estate in 1991 and has … operational independence and the lessons learnt from Japan's bubble experience, meanwhile, the Bank of Japan (BOJ) was granted …

In this paper, we study the effectiveness of monetary policy in a severe recession and deflation when nominal interest …-rate peg and price-level targeting. We conduct this quantitative comparison in an empirical macroeconometric model of Japan …

impact of the zero bound on the effectiveness of interest rate policy in Japan in terms of stabilizing output and inflation … interest rates as experienced in Japan since the mid-1990s. Our analysis is based on an estimated model of Japan, the United …

) for the design of monetary policy in Japan. Similar to findings in other studies, targeting rates of inflation lower than … that respond strongly to stabilize output and inflation, or that incorporate some explicit price-level component, can help …

determinant of the monetary transmission mechanism, namely the degree of persistence characterising the inflation process. The … types of staggered contracts specifications which induce quite different degrees of inflation persistence. The paper shows … that inflation persistence is high when uncertainty about the prevailing degree of inflation persistence is pervasive …