Economics, Econometrics and Finance
8 years ago

Monetary policy shocks in Japan's 1990s underestimated, impacting economy significantly.

Manchester School
Source of Underestimation of the Monetary Policy Effect: <scp>R</scp>e‐Examination of the Policy Effectiveness in <scp>J</scp>apan's 1990s
Masahiko Shibamoto

Paper Summary

Related papers

Economics, Econometrics and Finance
3 years ago

Monetary Policy Shifts Shake Up Global Currency Markets

Macroeconomic Analysis
Oil Price Shocks
International Finance
2 views
Economics, Econometrics and Finance
4 years ago

Tight Monetary Policy Hurts Emerging Economies More Than Loose Policy

Oil Price Shocks
Macroeconomic Analysis
Environmental Impact
2 views
Economics, Econometrics and Finance
4 years ago

Dollarized Countries Reveal US Monetary Policy Impacts: Prices Fall, Output Unclear

Macroeconomic Analysis
2 views

The study looked at how effective Japan's monetary policy was in the 1990s by analyzing the impact of unexpected changes in policy on the economy. The results showed that when monetary policy changes were unexpected, they had a bigger effect on real output and financial variables than when they were expected. This means that the true impact of monetary policy on the economy was underestimated when market expectations were not taken into account.