The Zero Interest Rate Floor (ZIF) and its Implications for Monetary Policy in Japan /
This paper uses the IMF's macroeconomic model MULTIMOD to examine the implications of the zero-interest-rate floor (ZIF) for the design of monetary policy in Japan. Similar to findings in other studies, targeting rates of inflation lower than 2.0 percent significantly increases the likelihood o...
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| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2001/186 |
| Truy cập trực tuyến: | Full text available on IMF |