Skip navigation
Skip navigation

Trend inflation and monetary policy regimes in Japan

Okimoto, Tatsuyoshi

Description

This paper examines the dynamics of trend inflation in Japan over the last three decades based on the smooth transition Phillips curve model. We find that there is a strong connection between the trend inflation and monetary policy regimes. The results also suggest that the introduction of the inflation targeting policy and quantitative and qualitative easing in the beginning of 2013 successfully escaped from the deflationary regime, but were not enough to achieve the 2% inflation target....[Show more]

CollectionsANU Research Publications
Date published: 2018-12-21
Type: Journal article
URI: http://hdl.handle.net/1885/173078
Source: Journal of International Money and Finance
DOI: 10.1016/j.jimonfin.2018.12.008

Download

File Description SizeFormat Image
01_Okimoto_Trend_inflation_and_monetary_2019.pdf943.5 kBAdobe PDF    Request a copy


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  17 November 2022/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator