Japan's Deflation, Problems in the Financial System and Monetary Policy
71 Pages Posted: 20 Sep 2007
Date Written: November 2005
On 18-19 June 2004, the BIS held a conference on "Understanding Low Inflation and Deflation". This event brought together central bankers, academics and market practitioners to exchange views on this issue (see the conference programme in this document). This paper was presented at the workshop. The views expressed are those of the author(s) and not those of the BIS.
Keywords: zero interest rate policy, quantitative monetary easing policy, commitment, deflation, financial accelerator, negative interest rate, investor behavior
JEL Classification: E43, E44, E52, E58, G12
Suggested Citation: Suggested Citation