Japan - Effects of the quantitative easing policy

The Bank of Japan Working Paper "Effects of the quantitative easing policy: A survey of empirical analyses" surveys the empirical analyses that examine the effects of the Bank of Japan (BOJ)'s quantitative easing policy (QEP).

"While the stock of empirical analyses on the effects of the QEP has yet to accumulate sufficiently, this paper aims at comprehensively summarizing the literature that is presently available (as of June 2006) which verifies the effects of the QEP on Japan's economy.

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