Quantitative Easing and the Labor Market in Japan
Chun-Hung Kuo and
No EMS_2016_02, Working Papers from Research Institute, International University of Japan
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
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
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https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2016_02.pdf First version, 2016 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:iuj:wpaper:ems_2016_02
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