@article{1439158,
      recid = {1439158},
      author = {Matsubayashi, Yoichi, and Nakamura, Tamotsu, and Aoki,  Kosuke, and Takahashi, Wataru,},
      title = {Monetary policies in the age of uncertainty /},
      publisher = {Springer,},
      address = {Sinagpore :},
      pages = {1 online resource},
      year = {2021},
      abstract = {This book provides an interesting review of Japanese  monetary policies after the bubble economy. The Bank of  Japan was the first central bank in advanced economies to  implement the unconventional monetary policies during the  period. After the Lehman shock, most advanced economies  also carried out similar monetary policies to boost their  own economies. The Japanese experience in the 1990s and  2000s no doubt played a key role during the period.  Although various aspects of the experiences have been  examined, not many books have been published based on  intensive discussions between the macro and monetary  theorists who have been active in academics and the  practitioners who have actually been involved in monetary  policy. This small but important book has focused on the  Japanese experience. Evaluation of that experience found  that three solid pillars are of crucial importance: theory,  institution, and experience. Those form the basis of the  book, without theory, no policies will be formulated and  implemented, and implementation depends crucially on  institution. Chapter 1 provides a clear theoretical  background for the unconventional monetary policies and  inflation targeting. Chapter 2 intensively explores the  meaning and desirability of the independence of central  banks. Chapter 3 reviews the consequences of the Japanese  monetary policies in recent decades in comparison with  those in other advanced economies.},
      url = {http://library.usi.edu/record/1439158},
      doi = {https://doi.org/10.1007/978-981-16-4146-6},
}