Sökning: "Bank of Japan BOJ"

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  1. 1. How does inflation expectation explain the undershooting of inflation target in Japan? : Time-series analysis within the frame of hybrid Philips curve model

    Kandidat-uppsats, Högskolan i Jönköping/IHH, Nationalekonomi

    Författare :Chung Shun Man; Mark Peterson; [2019]
    Nyckelord :Inflation target; Inflation expectation; rational expectation; adaptive expectation; Quantitative Easing QE ; Japan; Bank of Japan BOJ ;

    Sammanfattning : Inflation target was introduced in 2013 in Japan. The goal was to maintain price stability and sustainable inflation rate that is conducive to optimal consumption and investment decisions. However, Japanese inflation rate has been consistently below the target rate. We want to examine why the failure happens in such a big economy. LÄS MER