Why the Bank of Japan Has Failed to Conquer Deflation in Japan

Introduction: Historical Fiasco of the Monetary Policy.- Consumer Prices in Japan are Determined by Costs.- There is No Monetary Policy Working on Inflation Expectations.- The Bank of Japan under Kuroda has Abandoned the Reflationist Theory.- Revisiting the Controversy on the Money Supply.- Conclusion: Thus, the Reflationist Theory has Collapsed.

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• Serviço civil e sector público
• Finanças
• Macroeconomia

Deflation Process in Japan;The Bank of Japan;BOJ;Haruhiko Kuroda;Kikuo Iwata;Japanese Reflationists;Monetary Policy;Price Theory;The Qaunatative and Qualitative Easing;Yieldcurve Control