Quantitative Easing and the Labor Market in Japan

Chun-Hung Kuo and Hiroaki Miyamoto

No EMS_2016_02, Working Papers from Research Institute, International University of Japan

Abstract: This paper studies the effectiveness of unconventional monetary policy on the labor market. By using the Japan's data, we estimate structural vector autoregressive models. Our empirical analysis demonstrates that while unconventional monetary policy boosts output and employment significantly, its effects on inflation and nominal wages are limited.

Keywords: Quantitative easing; unemployment; wages; Japanese economy (search for similar items in EconPapers)
JEL-codes: E24 E52 J60 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2016-02
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:iuj:wpaper:ems_2016_02

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