Does Excess Liquidity Pose a Threat in Japan? /

This paper examines the effects of quantitative easing implemented by the Bank of Japan (BoJ) since early 2001, looking specifically at the impact on inflation expectations and real asset prices. It suggests a number of possible channels through which quantitative easing may have exerted influence,...

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Détails bibliographiques
Auteur principal: Eggertsson, Gauti
Autres auteurs: Ostry, Jonathan
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2005.
Collection:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2005/005
Accès en ligne:Full text available on IMF