Optimal Monetary Policy in a Liquidity Trap: Evaluations for Japan’s Monetary Policy
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- Toshihiko Mukoyama & Mototsugu Shintani & Kazuhiro Teramoto, 2021.
"Cyclical Part‐Time Employment in an Estimated New Keynesian Model with Search Frictions,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(8), pages 1929-1968, December.
- Toshihiko Mukoyama & Mototsugu Shintani & Kazuhiro Teramoto, 2018. "Cyclical Part-Time Employment in an Estimated New Keynesian Model with Search Frictions," CIRJE F-Series CIRJE-F-1093, CIRJE, Faculty of Economics, University of Tokyo.
- Toshihiko Mukoyama & Mototsugu Shintani & Kazuhiro Teramoto, 2018. "Cyclical Part-Time Employment in an Estimated New Keynesian Model with Search Frictions," Working Papers gueconwpa~18-18-04, Georgetown University, Department of Economics.
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More about this item
Keywords
liquidity trap; optimal monetary policy; inflation persistence; forward guidance;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2024-08-12 (Banking)
- NEP-CBA-2024-08-12 (Central Banking)
- NEP-MON-2024-08-12 (Monetary Economics)
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