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An Aggregate Demand - Aggregate Supply Analysis of Japanese Monetary Policy, 1973-1990 / Kenneth D. West.
- Format:
- Book
- Author/Creator:
- West, Kenneth D.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3823.
- NBER working paper series no. w3823
- Language:
- English
- Subjects (All):
- Monetary policy--Econometric models.
- Monetary policy.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1991.
- Cambridge, Mass : National Bureau of Economic Research, 1991.
- Summary:
- An aggregate demand - aggregate supply framework is used to analyze the effects of Japanese monetary policy, 1973:1-1990:8. It is found that money supply shocks contribute relatively little to output variability over the sample as a whole. Nor do these shocks seem to be particularly marked during business cycle contractions. The effects of monetary policy on prices and output appear to be quite similar to those of a constant money growth rule.
- Notes:
- Print version record
- August 1991.
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