Deflation and monetary policy: a look into Japan and the Euro Area
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/16516 |
Resumo: | With more than two decades of weak economic performance since the bubble burst in the ‘90s, the Japanese deflationary scenario has become the economic fate every developed economy fears to become. As the euro area continues to experience sustained low inflation, studying the Japanese monetary policy may shed light on how to prevent persistent deflation. Using an SVAR methodology to understand the monetary transmission mechanism, we find some evidence that the euro area may possess characteristics that would eventually lead to a deflationary scenario. The extent of whether it would suffer the same Japanese fate would depend on how macroeconomic policies are timely coordinated as a response to its liquidity problem and increasing public debt across member states. |
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Deflation and monetary policy: a look into Japan and the Euro AreaDeflationMonetary policySvarZero interest rate policyQuantitative easing policyDomínio/Área Científica::Ciências Sociais::Economia e GestãoWith more than two decades of weak economic performance since the bubble burst in the ‘90s, the Japanese deflationary scenario has become the economic fate every developed economy fears to become. As the euro area continues to experience sustained low inflation, studying the Japanese monetary policy may shed light on how to prevent persistent deflation. Using an SVAR methodology to understand the monetary transmission mechanism, we find some evidence that the euro area may possess characteristics that would eventually lead to a deflationary scenario. The extent of whether it would suffer the same Japanese fate would depend on how macroeconomic policies are timely coordinated as a response to its liquidity problem and increasing public debt across member states.Cunha, Luís Campos eRUNBalocating, Bien Janine Capua2016-02-22T15:08:07Z2016-012016-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/16516TID:201476193enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:53:34Zoai:run.unl.pt:10362/16516Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:23:18.940735Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Deflation and monetary policy: a look into Japan and the Euro Area |
title |
Deflation and monetary policy: a look into Japan and the Euro Area |
spellingShingle |
Deflation and monetary policy: a look into Japan and the Euro Area Balocating, Bien Janine Capua Deflation Monetary policy Svar Zero interest rate policy Quantitative easing policy Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Deflation and monetary policy: a look into Japan and the Euro Area |
title_full |
Deflation and monetary policy: a look into Japan and the Euro Area |
title_fullStr |
Deflation and monetary policy: a look into Japan and the Euro Area |
title_full_unstemmed |
Deflation and monetary policy: a look into Japan and the Euro Area |
title_sort |
Deflation and monetary policy: a look into Japan and the Euro Area |
author |
Balocating, Bien Janine Capua |
author_facet |
Balocating, Bien Janine Capua |
author_role |
author |
dc.contributor.none.fl_str_mv |
Cunha, Luís Campos e RUN |
dc.contributor.author.fl_str_mv |
Balocating, Bien Janine Capua |
dc.subject.por.fl_str_mv |
Deflation Monetary policy Svar Zero interest rate policy Quantitative easing policy Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Deflation Monetary policy Svar Zero interest rate policy Quantitative easing policy Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
With more than two decades of weak economic performance since the bubble burst in the ‘90s, the Japanese deflationary scenario has become the economic fate every developed economy fears to become. As the euro area continues to experience sustained low inflation, studying the Japanese monetary policy may shed light on how to prevent persistent deflation. Using an SVAR methodology to understand the monetary transmission mechanism, we find some evidence that the euro area may possess characteristics that would eventually lead to a deflationary scenario. The extent of whether it would suffer the same Japanese fate would depend on how macroeconomic policies are timely coordinated as a response to its liquidity problem and increasing public debt across member states. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-02-22T15:08:07Z 2016-01 2016-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/16516 TID:201476193 |
url |
http://hdl.handle.net/10362/16516 |
identifier_str_mv |
TID:201476193 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799137870476214272 |