Achieving the Bank of Japan’s Inflation Target

Achieving the Bank of Japan’s Inflation Target
The Bank of Japan has introduced various unconventional monetary policy tools since the launch of Abenomics in 2013, to achieve the price stability target of 2 percent inflation. In this paper, a forward-looking open-economy general equilibrium model with endogenously determined policy credibility and an effective lower bound is developed for... READ MORE...

Publication date: November 2019
ISBN 9781513518350
$18.00

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Publication date: November 2019

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