Japan’s 90s QE programme too small: Fed paper

federal-reserve

A Federal Reserve paper published on Tuesday says that while Japan's 1990s quantitative easing policy had a significant effect on bank liquidity, the size of the boost was too small.

David Bowman, Fang Cai, Sally Davies, and Steven Kamin, the paper's authors, use bank level date to investigate the policy impact of quantitative easing on the bank lending channel in Japan. They are interested in the effects on macroeconomic performance, in particular on bank lending, of Japan's quantitative easing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.