Money and Economic Activity in Japan, 1957-1998 : A Structural VAR Approach 

作成者 天野, 昌功
作成者の別表記 Amano, Masanori
日本十進分類法 (NDC) 330
内容 This paper investigates the causal relationships from several monetary aggregates or the short-term interest rate (call rate) to real economic activity in Japan, 1957 through 1998, as well as the controllability of some measures of money supply using the structural VAR method and the concept of money multipliers. Three main conclusions are that the the best indicators (or measures) of monetary policy in Japan were broader money supply M2 and commercial bank lendings, that the causal relationship from the call rate to output was weaker, and that M2 can be controlled through adjustments of total base money and bank reserves.
公開者 千葉大学経済学会, 千葉大学総合政策学会
コンテンツの種類 紀要論文 Departmental Bulletin Paper
DCMI資源タイプ text
ファイル形式 application/pdf
ISSN 0912-7216
NCID AN10005358
掲載誌情報 千葉大学経済研究 Vol.18 no.1 page.1-24 (20030625)
言語 英語
著者版フラグ publisher

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