Policy commitment and expectation formation: Japan’s experience under zero interest rates

By Kunio Okina, Shigenori Shiratsuka. 2004

142 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a9b33adbeb5af1e3af58816df11bfbdf5dd10877

Citations in the corpus

• The Central-Bank Balance Sheet as an Instrument of Monetary Policy (2011, unknown): “For example, as is also shown in Figure 4, despite an increase in the monetary base of 60 percent during the first two years of the quantitative easing policy, and an eventual increase of nearly 75 percent, nominal GDP never increased at all (relative to its March 2001 level) during the entire five ”