 | Twenty Years of Unconventional Monetary Policies: Lessons and Way Forward for the Bank of Japan Author/Editor: Niklas J Westelius. Release Date:November, 2020 The Bank of Japan has used unconventional monetary policies to fight deflation and stabilize the financial system since the late 1990s. While the Bank of Japan’s reflation efforts have evolved over more...
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| Anatomy of Sudden Yen Appreciations Author/Editor: Fei Han, Niklas J Westelius. Release Date:July, 2019 The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and more...
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| The Impact of Demographics on Productivity and Inflation in Japan Author/Editor: Niklas J Westelius, Yihan Liu. Release Date:December, 2016 Is Japan’s aging and, more recently, declining population hampering growth and reflation efforts? Exploiting demographic and economic variation in prefectural data between 1990 and 2007, we find more...
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 | External Linkages and Policy Constraints in Saudi Arabia Author/Editor: Niklas J Westelius. Release Date:March, 2013 The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in more...
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