TY  - BOOK
AU  - Stone,Mark R.
AU  - Kramer,Charles Frederick
AU  - Stone,Mark R.
TI  - A Post-Reflation Monetary Framework for Japan
T2  - IMF Working Papers; Working Paper
SN  - 1451860927 :
SN  - 1018-5941
PY  - 2005///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Inflation Objective
KW  - imf
KW  - Inflation Targeting
KW  - Inflation
KW  - Price Stability
KW  - Japan
N2  - Modifications to Japan's monetary policy framework will be needed as positive inflation resumes because the current monetary regime and operations are tailored to ending deflation. The paper suggests that the monetary regime should move from an "anti-deflation" objective to an inflation objective, complemented by a shift of monetary operations from a quantitative operating target to an interest rate target. There are also questions about the timing of these shifts and the particulars of such arrangements, but decisive answers are elusive
UR  - http://elibrary.imf.org/view/IMF001/00089-9781451860924/00089-9781451860924/00089-9781451860924.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451860924
ER  -