Japanese Monetary Policy from 1970 to 1990: Rules or Discretion?

Kazuo Ueda, Koichi Hamada and Jack H. Beebe

Chapter 7 in Price Stabilization in the 1990s, 1993, pp 191-229 from Palgrave Macmillan

Abstract: Abstract Both the Japanese economy and the Bank of Japan’s monetary policy have exhibited large swings over the last two decades. This chapter summarizes some of the key features of the experience and attempts to draw lessons from it for the conduct of monetary policy, especially regarding the rules versus discretion debate.

Keywords: Interest Rate; Monetary Policy; Discount Rate; Money Supply; Money Demand (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12893-8_7

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DOI: 10.1007/978-1-349-12893-8_7

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