Template-type: ReDIF-Paper 1.0
Author-Name: Chun-Hung Kuo
Author-Name-First: Chun-Hung
Author-Name-Last: Kuo
Author-Workplace-Name: International Univeristy of Japan
Author-Name: Hiroaki Miyamoto
Author-Name-First: Hiroaki
Author-Name-Last: Miyamoto
Author-Workplace-Name: The University of Tokyo
Title: Quantitative Easing and the Labor Market in Japan
Abstract: 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.
Classification-JEL: E24, E52, J60
Length: 9 pages
Creation-Date: 2016-02
Number: EMS_2016_02
File-URL: https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2016_02.pdf
File-Format: Application/pdf
File-Function: First version, 2016
File-Size: 176KB
Keywords: Quantitative easing, unemployment, wages, Japanese economy
Handle: RePEc:iuj:wpaper:EMS_2016_02