![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
BoJ paper creates new framework for identifying monetary policy shocks
![bank-of-japan bank-of-japan](/sites/default/files/styles/landscape_750_463/public/import/IMG/900/60900/bank-of-japan-580x358.jpg.webp?itok=itwGZnLr)
A working paper published today by the Bank of Japan proposes a new model for analysing the impact of conventional and unconventional monetary policy on the real economy.
The paper – Identifying Conventional and Unconventional Monetary Policy Shocks: A Latent Threshold Approach by Takeshi Kimura and Jouchi Nakajima – proposes a new estimation framework for identifying monetary policy shocks in both conventional and unconventional policy regimes.
"It is typically difficult to identify a purely
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com