Deflation Expectation Financial System and Decline in Money Multiplier(in Japanese)

Preprint OPEN
IIDA Yasuyuki;
(2005)

The money multiplier is in a continuous downward trend now since the bubble burst, and, in addition, the trend has accelerated after 2000. It is said that the monetary policy is difficult because the money multiplier has declined. To think about the monetary policy for ... View more
  • References (6)

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