Japanese Monetary Policy: A Case of Self-Induced Paralysis?

By Ben S. Bernanke, R. Gürkaynak. 2000

316 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/9a24195d6d6407b94bab8f2b4d6278c38bfd7987

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Citations in the corpus

Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others (2003, unknown): “Although the zero lower bound prevents lowering the nominal interest rate below zero, the central bank can still expand the monetary base (Benhabib, Schmitt-Grohé and Uribe (2002); Bernanke (2000); Clouse et al. (2003); Meltzer (2001); Orphanides and Wieland (2000)).”
Background studies for the ECB's evaluation of its monetary policy strategy (2003, background): “Bernanke, S. B., T. Laubach, F. S. Mishkin and A. S. Posen (1999), “Inflation Targeting: Lessons from the International Experience,” Princeton University Press, Princeton. Duisenberg, W. (2001a), “The ECB’s monetary policy strategy and the quantitative definition of price stability”, letter of the P”
A Vicious Cycle of Manias, Crashes and Asymmetric Policy Responses - An Overinvestment View (2011, unknown): “Similarly, the Bank of Japan has been blamed by policy mistakes: To have increased the interest rate to prick the Japanese bubble and to have kept the interest rate too high for too long during the following downturn (Bernanke 2000).”
Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets: An Overinvestment View (2008, unknown): “They also allow a projection of the future path of international financial and economic stability given sharp interest rate cuts in response to crises as most recently observed in the case of the US Fed under Ben Bernanke (Figure 1). Given the bright East Asian economic perspective during the past t”
The Zero-Interest-Rate Bound and Optimal Monetary Policy in a Small Open Economy (2004, methodology): “Blanchard, Olivier Jean, and Charles M. Kahn (1980), “The solution of linear di#erence models under rational expectations.””
The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap (2000, unknown): “The idea is that this would induce in‡ation expectations that would reduce the real interest rate (even if the nominal interest rate is at the zero bound) and thereby stimulate the economy 1 These include Bernanke [8], Blinder [11], Bryant [13], Buiter and Panigirtzoglou [14], BIS [2, section IV], C”
Collateral, Debt Capacity, and Corporate Investment: Evidence from a Natural Experiment (2007, unknown): “, see Bernanke and Gertler, 1995; and Bernanke et al., 1996). This issue is of considerable concern in the current U.S. policy debates. To the extent that findings about the investment behavior of industrial firms is indicative of the spending behavior of consumers, this paper suggests that, if the ”
Real Effects of Quantitative Easing at the Zero-Lower Bound: Structural VAR-Based Evidence from Japan (2011, background): “Recent examples include Bernanke et al. (2004), Gagnon et al.”
大会・特別講演 Some Thoughts on Monetary Policy in Japan〔含質疑応答〕 (2003, background): “…5 percent above the actual price level in 1998 and rising 1 percent per year thereafter.2 Because deflation implies falling prices while the target price-level rises, the failure to end deflation in a given year has the effect of increasing what I have called the price-level gap (Bernanke, 2000).”
Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment (2005, unknown): “This episode is discussed by Bernanke (2000).”