Bubble economy and the effectiveness of monetary policy in Japan during the 1990s
This study evaluates the effectiveness of monetary policy within an IS-LM model framework. The monetary policy multiplier was found to have increased, suggesting that the potency of monetary policy has improved.
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Published: |
2008
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/7211 |
| Summary: | This study evaluates the effectiveness of monetary policy within an IS-LM model framework. The monetary policy multiplier was found to have increased, suggesting that the potency of monetary policy has improved. |
|---|