Did quantitative easing by the Bank of Japan "work"?

Mark Spiegel

FRBSF Economic Letter, 2006, issue oct20

Abstract: The success, or lack thereof, of the Bank of Japan's quantitative easing program is of interest not only as an important experience in Japanese economic history, but more generally as an unprecedented experiment in monetary policy under very low nominal interest rates. In this Economic Letter, I review the evidence that has emerged to date concerning the impact of the quantitative easing policy.

Keywords: Monetary policy - Japan; Interest rates - Japan; Bank of Japan; Banks and banking - Japan (search for similar items in EconPapers)
Date: 2006
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