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dc.contributor.authorTanaka, Atsushi
dc.contributor.editorMierzejewski, Dominik
dc.identifier.citationTanaka A., Unconventional Monetary Policy in Japan: An Empirical Study on its Effectiveness, [w:] Dimensions of Development. East Asia in the Process of Changes, Mierzejewski D. (red.), Wydawnictwo Uniwersytetu Łódzkiego, Łódź 2013, s. 171-181, doi: 10.18778/7525-935-3.15pl_PL
dc.description.abstractThis paper examined the unconventional monetary policy in Japan. Its features were examined, and then some possible routes of the transmission mechanism for the policy to aff ect real business activities were explored. The conventional routes are invalid since the call rate is at zero. The unconventional routes, the commitment effect and portfolio rebalance effect were examined; however, most of the past empirical studies show pessimistic results about these effects.pl_PL
dc.description.sponsorshipUdostępnienie publikacji Wydawnictwa Uniwersytetu Łódzkiego finansowane w ramach projektu „Doskonałość naukowa kluczem do doskonałości kształcenia”. Projekt realizowany jest ze środków Europejskiego Funduszu Społecznego w ramach Programu Operacyjnego Wiedza Edukacja Rozwój; nr umowy: POWER.03.05.00-00-Z092/17-00.pl_PL
dc.publisherWydawnictwo Uniwersytetu Łódzkiegopl_PL
dc.relation.ispartofMierzejewski D. (red.), Dimensions of Development. East Asia in the Process of Changes, Wydawnictwo Uniwersytetu Łódzkiego, Łódź 2013;
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Międzynarodowe*
dc.subjectmonetary policypl_PL
dc.subjectempirical studypl_PL
dc.titleUnconventional Monetary Policy in Japan: An Empirical Study on its Effectivenesspl_PL
dc.typeBook chapterpl_PL
dc.contributor.authorAffiliationKwansei Gakuin Universitypl_PL
dc.referencesFujiwara, I. (2006). “Evaluating Monetary Policy When Nominal Interest Rates Are Almost Zero.” Journal of Japanese International Economies 20: 434-53.pl_PL
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dc.referencesMiyao, R. 2006. Time-Series Analysis of Macro Monetary Policy: Theoretical and Empirical Studies on Policy Effect [in Japanese]. Tokyo:Nikkei.pl_PL
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dc.referencesShiratsuka, S, Y. Teranishi, and J. Nakajima. (2010). “The Effect of Monetary Policy Commitment: The Case of Japan [in Japanese].” Kin-yu Kenkyu (Journal of Institute for Monetary and Economic Studies, Bank of Japan). 29(3): 239-266.pl_PL
dc.referencesTanaka, A. (2006). Monetary Policy in Japan: Econometric Analysis of Regime Shifting [in Japanese]. Tokyo:Yuhikaku.pl_PL
dc.referencesTanaka, A. (2009). “Unconventional Monetary Policy and Reserve Market [in Japanese].” Journal of Economics of Kwansei Gakuin University. 63(3): 241-261.pl_PL
dc.referencesTanaka, A. 2011. “Unconventional Monetary Policy in Japan: Its Effectiveness and Problems [in Japanese].” in Possibility of Monetary Policy to Stimulate Japanese Economy (Report of Kansai Institute of Social and Economic Research): 39-58.pl_PL
dc.referencesToda, H. Y. and T. Yamamoto. (1995). “Statistical Inference in Vector Autoregressions with Possibly Integrated Processes.” Journal of Econometrics. 66(1-2): 225-250.pl_PL
dc.referencesUeda, K. (2004). “Capital and Central Bank [in Japanese].” Review of Monetary and Financial Studies. 21: 1-12.pl_PL

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Attribution-NonCommercial-NoDerivatives 4.0 Międzynarodowe
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