Abstract
Both the Japanese economy and the Bank of Japan’s monetary policy have exhibited large swings over the last two decades. This chapter summarizes some of the key features of the experience and attempts to draw lessons from it for the conduct of monetary policy, especially regarding the rules versus discretion debate.
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© 1993 The Bank of Japan
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Ueda, K., Hamada, K., Beebe, J.H. (1993). Japanese Monetary Policy from 1970 to 1990: Rules or Discretion?. In: Shigehara, K. (eds) Price Stabilization in the 1990s. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12893-8_7
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DOI: https://doi.org/10.1007/978-1-349-12893-8_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-12895-2
Online ISBN: 978-1-349-12893-8
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