著者

Kuo Chun-Hung 宮本 弘暁

雑誌

Economics & Management Series

巻号頁・発行日

2016-02-01

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This paper studies the effectiveness of unconventional monetary policy on the labor market. By using the Japan's data, we estimate structural vector autoregressive models. Our empirical analysis demonstrates that while unconventional monetary policy boosts output and employment significantly, its effects on inflation and nominal wages are limited.