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|z 9781451860924
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Stone, Mark.
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|a A Post-Reflation Monetary Framework for Japan /
|c Mark Stone, Charles Kramer.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2005.
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|a 1 online resource (28 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Modifications to Japan's monetary policy framework will be needed as positive inflation resumes because the current monetary regime and operations are tailored to ending deflation. The paper suggests that the monetary regime should move from an "anti-deflation" objective to an inflation objective, complemented by a shift of monetary operations from a quantitative operating target to an interest rate target. There are also questions about the timing of these shifts and the particulars of such arrangements, but decisive answers are elusive.
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|a Mode of access: Internet
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|a Kramer, Charles.
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|a IMF Working Papers; Working Paper ;
|v No. 2005/073
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2005/073/001.2005.issue-073-en.xml
|z IMF e-Library
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