NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

An Aggregate Demand - Aggregate Supply Analysis of Japanese Monetary Policy, 1973-1990

Kenneth D. West

NBER Working Paper No. 3823 (Also Reprint No. r1863)
Issued in August 1991
NBER Program(s):Monetary Economics

An aggregate demand - aggregate supply framework is used to analyze the effects of Japanese monetary policy, 1973:1-1990:8. It is found that money supply shocks contribute relatively little to output variability over the sample as a whole. Nor do these shocks seem to be particularly marked during business cycle contractions. The effects of monetary policy on prices and output appear to be quite similar to those of a constant money growth rule.

download in pdf format
   (581 K)

download in djvu format
   (513 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w3823

Published: Japanese Monetary Policyedited by Kenneth J. Singleton University of Chicago Press; 1993, pp. 161-189

Users who downloaded this paper also downloaded* these:
Bernheim and Bagwell w2086 Is Everything Neutral?
Ando and Auerbach w1762 The Corporate Cost of Capital in Japan and the U.S.: A Comparison
Bloom w2351 Arbitrator Behavior in Public Sector Wage Disputes
West An Aggregate Demand--Aggregate Supply Analysis of Japanese Monetary Policy,1973-1990
Schmidt and Witte w2445 Predicting Criminal Recidivism Using "Split Population" Survival Time Models
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us