Asset Price Bubbles, Price Stability, and Monetary Policy: Japan's Experience |
Contents
Introduction | 1 |
Asset Prices Financial System Problems and Monetary Policy During | 16 |
Conclusion | 23 |
Common terms and phrases
2-quarter ahead 8-quarter asset price bubbles asset price fluctuations Bank of Japan bank-based banking sector Bernanke and Gertler Bernanke-Gertler bubble burst bubble period bursting of asset central bank Core Inflation economic fundamentals Economic Statistics Monthly Economic Studies emergence and bursting euphoria expansion expectations Expected Shortfall Financial and Economic financial institutions financial markets financial system instability financial system problems FX rates Implications for Monetary inflation and output inflation rate inflationary pressure information variable Institute for Monetary Japan's economy Japan's experience Japanese archipelago Kunio Okina land price lending liquidity constraint M2+CD Market Liquidity McCallum Monetary and Economic monetary easing monetary policy management Money Naohiko Baba Nominal GDP non-performing loans output gap output growth forecasts percent policy response policy rule potential growth rate potential output price index price stability Shigenori Shiratsuka Shirakawa Shiratsuka 2001 Solow residual stock prices structural problems Taylor rule transmission mechanism trend Trimmed mean zero interest rate