Monetary Policy and the Lost Decade : Lessons from Japan

  title={Monetary Policy and the Lost Decade : Lessons from Japan},
  author={Daniel Y Leigh},
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. 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… CONTINUE READING


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