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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Detalhes bibliográficos
Autor principal: Eggertsson, Gauti
Outros Autores: Ostry, Jonathan
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2005.
Colecção:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2005/005
Acesso em linha:Full text available on IMF