Monetary Policy and the Lost Decade.

This paper investigates how monetary policy can help ward off a protracted deflationary slump when policy rates are near the zero bound by studying the experience of Japan during the ""Lost Decade"" which followed the asset-price bubble collapse in the early 1990s. Estimation res...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Author:	Leigh, Daniel
Format:	eBook
Language:	English
Published:	Washington : International Monetary Fund, 2009.
Series:	IMF working paper (Online)