The Return of “Structural” Monetary Policy? The Case of the Bank of Japan
نویسندگان
چکیده
منابع مشابه
Structural Macroeconomic Capacity to a Reaction in Economic Policy Shocks : The Case of Iran
        The aim of this paper is to simulate the effects of some macroeconomic policy tools on production and inflation of Iran by the current worldwide financial and real crisis. The theoretical framework of the analysis is based on the so-called âIMF/World Bank Integrated Modelâ which is the synthesis (a merger) of the basic monetary approach of the Balance of Payments used at t...
متن کاملAnalyzing the Interaction between the Central Bank and the Plan and Budget Organization (A Case Study of Iran Using Game Theory)
The central bank is working to reform the structure of the banking system to bring the banking network in line with world standards. The banking network should strive to adapt itself to the modern world in terms of technology, procedures, and operations. The main prerequisite for this is central bank independence and structural reform of the country's budget. In the current situation, the Centr...
متن کاملCentral Bank Transparency and Monetary Policy Effectiveness
The paper concentrates on the conditions, contingencies and determinants of central bank transparency and communication. From the state of the economy and the quality of national institutions, to the structure of monetary policy committees, the personality of the governor and the nature of the monetary policy framework - with a particular focus on the case of inflation targeting, there i...
متن کاملThe Impact of Monetary Policy on the Stock Market Returns and Instability: Comparison of Monetary Policy Tools in Iran
After the recent financial crisis, especially the financial crisis 2008, This raises the important question of what is the role of monetary policy in occurrence and prevention of the financial instability? so, this paper investigate the dynamics impact of monetary policy on the stock market returns and instability using Structural Vector Autoregression (SVARs) model During the period 1992:q2...
متن کاملA Study on the Effect of Granular Residual in the Banking Network on the Transmission of Monetary Policy through Lending Channel
Granular residual is created in the banking network when there are a few large banks with many small banks. In this case, the effect of the shocks on each bank not lost in total that can lead to macro-economic consequences. The transmission of monetary policy through change in bank facilities is one of the key mechanisms affecting monetary policies. The power of transmission of monetary policy ...
متن کامل