The Effectiveness of Unconventional Monetary Policy on Japanese Bank Lending
(2020)
Book Chapter
Montgomery, H., & Volz, U. (2020). The Effectiveness of Unconventional Monetary Policy on Japanese Bank Lending. In A. Stenfors, & J. Toporowski (Eds.), Unconventional Monetary Policy and Financial Stability: The Case of Japan (38-53). Routledge. https://doi.org/10.4324/9780429032479-4
This chapter analyzes the effectiveness of Japan’s bold experiment with unconventional monetary policy. Japan’s early experiments with unconventional monetary policy were born of necessity. Despite the expansionary open market operations, toward the... Read More about The Effectiveness of Unconventional Monetary Policy on Japanese Bank Lending.