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Japan's Unconventional Monetary Policy and Income Distribution: Revisited
| Content Provider | Scilit |
|---|---|
| Author | Saiki, Ayako Frost, Jon |
| Copyright Year | 2018 |
| Description | Journal: Ssrn Electronic Journal This is a revaluation of our study which we published in 2014 (Saiki and Frost, 2014) The study found that Japan’s unconventional monetary policy (UMP) had widened income inequality in Japan. Since then, the Bank of Japan (BOJ) has further increased the monetary base and inflation has been low (headline inflation is about 1% as of this writing) but positive. We revisit the relationship between Japan’s quantitative and qualitative easing (QQE) and find further evidence for our conjecture. The impact of UMP on income distribution may differ in Japan and other countries for various reasons, including differences in household balance sheets and the flexibility of labor markets. |
| Related Links | https://www.tcer.or.jp/wp/pdf/e126.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3180973 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3180973 |
| Journal | Ssrn Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2018-05-01 |
| Access Restriction | Open |
| Subject Keyword | Journal: Ssrn Electronic Journal Unconventional Monetary Policy Income Distribution Central Bank |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |
