期刊名称：Quantitative and Qualitative Analysis in Social Sciences
印刷版ISSN：1752-8925
出版年度：2007
卷号：1
期号：1
页码：43-62
出版社：Quantitative and Qualitative Analysis in Social Sciences
摘要：After more than a decade of stagnant growth, the Japanese economy is showing signs of full recoverywith de.ation having come to an end. Since the mid 1990s both supply side and demand side policysolutions have been suggested to counter the Japanese stagnation . Using of a factor vector autoregressive(F-VAR) mo del, this paper aims to assess whether the real depreciation of the yen and the quantitativeeasying implemented by the Bank of Japan have contributed to the recovery of the Japanese economyand to the reversal of de.ationary dynamics. The results of the pap er point to the e.ectiveness of theabove policies, as well as to the role exercised by domestic productivity improvements and the expansionof world economic activity
关键词：Factor vector autoregression; large scale macroeconometric model; Japan; monetary policy
