Read Taming Japan's Deflation: The Debate over Unconventional Monetary Policy (Cornell Studies in Money)

Taming Japan's Deflation: The Debate over Unconventional Monetary Policy (Cornell Studies in Money)

Unknown Author

4.9/5 (22927 ratings)

Description:Bolder economic policy could have addressed bouts of deflation in post-Bubble Japanese history, write Gene Park, Saori N. Katada, Giacomo Chiozza, and Yoshiko Kojo in Taming Japan's Deflation. Despite warnings from economists, intense political pressure, and "unconventional monetary policy" options to address this problem, Japan's central bank, the Bank of Japan (BOJ), resisted taking the bold actions that the authors believe would have helped.With Prime Minister Abe Shinzo's return to power, Japan shifted course in early 2013 with the launch of his "Abenomics" economic agenda to reflate the economy and his appointment of a new leadership at the BOJ to achieve this goal. As Taming Japan's Deflation shows, the BOJ's resistance to bolder policy stemmed from entrenched policy ideas that were hostile to activist monetary policy. The authors explain how these policy ideas evolved over the BOJ's long history and gained dominance due to the closed nature of the policy network.The explanatory power of policy ideas and networks suggests an inadequacy in the dominant framework for analysis of the politics of monetary policy derived from literature on central bank independence. This approach privileges the interaction between political principals and their agents, central bankers; but Taming Japan's Deflation shows that central bankers' views can be decisive in determining monetary policy. Addressing the challenges through institutional analysis, quantitative empirical tests, in-depth case studies, and structured comparison of other countries to Japan, the authors show that the adoption of aggressive monetary policy depends on bankers' established preceding policy ideas and policy network structure.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Taming Japan's Deflation: The Debate over Unconventional Monetary Policy (Cornell Studies in Money). To get started finding Taming Japan's Deflation: The Debate over Unconventional Monetary Policy (Cornell Studies in Money), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 1501728172

Description: Bolder economic policy could have addressed bouts of deflation in post-Bubble Japanese history, write Gene Park, Saori N. Katada, Giacomo Chiozza, and Yoshiko Kojo in Taming Japan's Deflation. Despite warnings from economists, intense political pressure, and "unconventional monetary policy" options to address this problem, Japan's central bank, the Bank of Japan (BOJ), resisted taking the bold actions that the authors believe would have helped.With Prime Minister Abe Shinzo's return to power, Japan shifted course in early 2013 with the launch of his "Abenomics" economic agenda to reflate the economy and his appointment of a new leadership at the BOJ to achieve this goal. As Taming Japan's Deflation shows, the BOJ's resistance to bolder policy stemmed from entrenched policy ideas that were hostile to activist monetary policy. The authors explain how these policy ideas evolved over the BOJ's long history and gained dominance due to the closed nature of the policy network.The explanatory power of policy ideas and networks suggests an inadequacy in the dominant framework for analysis of the politics of monetary policy derived from literature on central bank independence. This approach privileges the interaction between political principals and their agents, central bankers; but Taming Japan's Deflation shows that central bankers' views can be decisive in determining monetary policy. Addressing the challenges through institutional analysis, quantitative empirical tests, in-depth case studies, and structured comparison of other countries to Japan, the authors show that the adoption of aggressive monetary policy depends on bankers' established preceding policy ideas and policy network structure.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Taming Japan's Deflation: The Debate over Unconventional Monetary Policy (Cornell Studies in Money). To get started finding Taming Japan's Deflation: The Debate over Unconventional Monetary Policy (Cornell Studies in Money), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Taming Japan's Deflation: The Debate over Unconventional Monetary Policy (Cornell Studies in Money)

Taming Japan's Deflation: The Debate over Unconventional Monetary Policy (Cornell Studies in Money)

More Books

Taming Japan's Deflation

Taming Japan's Deflation

Japan's New Regional Reality

Japan's New Regional Reality

Japan Decides 2024

Japan Decides 2024

Japan Decides 2021

Japan Decides 2021

The ^AOxford Handbook of Japanese Politics

The ^AOxford Handbook of Japanese Politics

The Taming of the Samurai

The Taming of the Samurai

Crisis Narratives, Institutional Change, and the Transformation of the Japanese State

Crisis Narratives, Institutional Change, and the Transformation of the Japanese State

Currencies and Politics in the United States, Germany, and Japan

Currencies and Politics in the United States, Germany, and Japan

Japan's Business Renaissance

Japan's Business Renaissance