Japan’s QE supported economic activity, says IMF paper

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An International Monetary Fund paper, published on January 9, finds evidence that recent monetary easing by the Bank of Japan (BoJ) have supported economic activity.

Pelin Berkmen, the paper's author, uses a structural vector auto-regression model to examine whether the BoJ's recent experience with unconventional monetary easing has been effective in supporting economic activity and inflation. The author says research on the effectiveness of earlier quantitative easing has yielded mixed results

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