A Peek Inside the Black Box : The Monetary Transmission Mechanism in Japan

The Monetary Transmission Mechanism in Japan

A Peek Inside the Black Box : The Monetary Transmission Mechanism in Japan
This paper uses vector autoregressions to examine the monetary transmission mechanism in Japan. The empirical results indicate that both monetary policy and banks' balance sheets are important sources of shocks, that banks play a crucial role in transmitting monetary shocks to economic activity, that corporations and households have not been... READ MORE...

Publication date: October 1999
ISBN 9781451855890
$15.00

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