Achieving the Bank of Japan s Inflation Target is popular PDF and ePub book, written by Mr.Gee Hee Hong in 2019-11-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Achieving the Bank of Japan s Inflation Target can be Read Online from any device for your convenience.
Achieving the Bank of Japan s Inflation Target Book PDF Summary
The Bank of Japan has introduced various unconventional monetary policy tools since the launch of Abenomics in 2013, to achieve the price stability target of 2 percent inflation. In this paper, a forward-looking open-economy general equilibrium model with endogenously determined policy credibility and an effective lower bound is developed for forecasting and policy analysis (FPAS) for Japan. In the model’s baseline scenario, the likelihood of the Bank of Japan reaching its 2 percent inflation target over the medium term is below 40 percent, assuming the absence of other policy reactions aside from monetary policy. The likelihood of achieving the inflation target is even lower under alternative risk scenarios. A positive shock to central bank credibility increases this likelihood, and would require less accommodative macroeconomic policies.
Detail Book of Achieving the Bank of Japan s Inflation Target PDF
- Author : Mr.Gee Hee Hong
- Release : 01 November 2019
- Publisher : International Monetary Fund
- ISBN : 9781513518350
- Genre : Business & Economics
- Total Page : 37 pages
- Language : English
- PDF File Size : 8,9 Mb
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