Monetary Policy and the Lost Decade.
This paper investigates how monetary policy can help ward off a protracted deflationary slump when policy rates are near the zero bound by studying the experience of Japan during the ""Lost Decade"" which followed the asset-price bubble collapse in the early 1990s. Estimation res...
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| Format: | Electronic eBook |
| Language: | English |
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Washington :
International Monetary Fund,
2009.
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| Series: | IMF Working Papers.
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| Local Note: | ProQuest Ebook Central |
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