紀要論文 Quantitative Easing and the Labor Market in Japan

Kuo, Chun-Hung  ,  Miyamoto, Hiroaki  ,  宮本, 弘暁

EMS-2016-02pp.1 - 8 , 2016-02 , IUJ Research Institute, International University of Japan
NII書誌ID(NCID):AA12509645
内容記述
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.
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http://nirr.lib.niigata-u.ac.jp/bitstream/10623/64511/1/EMS_2016_02.pdf

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