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Are Unconventional Monetary Policy and Large Scale Fiscal Policy Effective?: The Case of Japan
Applied Finance and Accounting
View Archive Info| Field | Value | |
| Title |
Are Unconventional Monetary Policy and Large Scale Fiscal Policy Effective?: The Case of Japan
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| Creator |
Kurihara, Yutaka
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| Description |
Japan has been under recession for more than twenty years. During that period, drastic measures to overcome deflation have been undertaken. Unconventional monetary policy and huge amounts of fiscal policy have been repeatedly implemented. This paper examines whether or not these policies were effective with a focus on exchange rates. The empirical results showed that recent monetary policies are effective at present and the effectiveness of fiscal policies has been decreasing. On the other hand, exchange rate depreciation has boosted the Japanese economy. Stock prices and wages are related strongly with the economic boom. These variables are important factors to the economy.
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| Publisher |
Redfame publishing
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| Contributor |
—
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| Date |
2017-05-08
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/afa/article/view/2410
10.11114/afa.v3i2.2410 |
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| Source |
Applied Finance and Accounting; Vol 3, No 2 (2017); 42-48
2374-2429 2374-2410 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/afa/article/view/2410/2525
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| Rights |
Copyright (c) 2017 Applied Finance and Accounting
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