Estimating the Bank of Japan's monetary policy reaction function
Extending the Taylor rule and applying the VAR model, the author finds that the overnight call rate reacts positively to a shock to the inflation gap, the output gap, yen depreciation, stock prices, or the lagged overnight call rate. The response of the overnight call rate to exchange rates or stoc...
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| Autor principal: | |
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| Format: | Artigo |
| Idioma: | Inglês |
| Publicat: |
Associazione Economia civile
2012-04-01
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| Col·lecció: | PSL Quarterly Review |
| Matèries: | |
| Accés en línia: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/9826 |
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