Bubble economy and the effectiveness of monetary policy in Japan during the 1990s
This study evaluates the effectiveness of monetary policy within an IS-LM model framework. The monetary policy multiplier was found to have increased, suggesting that the potency of monetary policy has improved.
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| Format: | Theses and Dissertations |
| Published: |
2008
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| Online Access: | http://hdl.handle.net/10356/7211 |
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| Institution: | Nanyang Technological University |
| Summary: | This study evaluates the effectiveness of monetary policy within an IS-LM model framework. The monetary policy multiplier was found to have increased, suggesting that the potency of monetary policy has improved. |
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