Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


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Towards more active monetary easing


Takeo Hoshi - Stanford University

Published by
NIRA Policy Review, May 2013
Publication no. 60

Policies seeking to end deflation, the most pressing issue for the Japanese economy, have been put into effect.  In this issue of the NIRA Policy Review, Takeo Hoshi points out that deflation is a monetary phenomenon, and as such is a problem which can be solved by monetary policy.