Download This PaperAn Aggregate Demand - Aggregate Supply Analysis of Japanese Monetary Policy, 1973-1990
75 Pages Posted: 28 Dec 2006 Last revised: 14 Dec 2022
Date Written: August 1991
Abstract
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.
Suggested Citation: Suggested Citation
West, Kenneth D., An Aggregate Demand - Aggregate Supply Analysis of Japanese Monetary Policy, 1973-1990 (August 1991). NBER Working Paper No. w3823, Available at SSRN: https://ssrn.com/abstract=473964
Do you have a job opening that you would like to promote on SSRN?
Feedback
Feedback to SSRN