Objectives and Makings of Monetary Policy in Japan

DOI HANDLE Web Site Open Access

Bibliographic Information

Other Title
  • 金融政策の目標と政策決定過程
  • キンユウ セイサク ノ モクヒョウ ト セイサク ケッテイ カテイ

Search this article

Abstract

We attempt to identify significant objectives of monetary policy for the period from 1990 to 2013 and compare the results to those obtained by Asako and Kanoh (1997) for an earlier sample period. With the introduction of nontraditional monetary policy management such as zero-interest-rate policy and quantitative-easing policy, we find and examine some important shifts in the role of government bonds modeled by Asako and Kanoh as one of five stabilizing objectives of the monetary policy. We also look into the making of the monetary policy by focusing on the votes by the Bank of Japan Policy Board members.

Journal

  • 経済研究

    経済研究 66 (2), 97-114, 2015-04-24

    岩波書店

Related Projects

See more

Details 詳細情報について

Report a problem

Back to top