Effects of the Bank of Japan’s current quantitative and qualitative easing

This paper examines how the Bank of Japan’s current quantitative and qualitative easing affects the Japanese economy by using a Markov-switching vector autoregression model on daily economic data during January 2012–August 2014. The results reveal that quantitative easing by expanding the monetary b...

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Veröffentlicht in:	Economics letters 2015-08, Vol.133, p.112-116
Hauptverfasser:	Matsuki, Takashi, Sugimoto, Kimiko, Satoma, Katsuhiko
Format:	Artikel
Sprache:	eng
Schlagworte:	Central banks Economic activity Economic conditions Economic models Economic theory Exchange traded funds Foreign exchange markets Government bonds Impulse response Interest rates Japan Markov analysis Markov-switching vector autoregression Monetary policy Qualitative easing Quantitative easing Regression analysis
Online-Zugang:	Volltext
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