Monetary Policy, Land Prices, and Collateral Effects on Economic Fluctuations: Evidence from Japan

Journal of the Japanese and International Economies

Volumn 12, Issue 3, 1998, Pages 175-203

  Kwon, Eunkyung ^a  

^a Korea Research Institute for Human Settlement   (South Korea)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001168324     PISSN: 08891583     EISSN: None     Source Type: Journal    
DOI: 10.1006/jjie.1998.0400     Document Type: Article

References (14)

1. Batten D. S., Blackwell M. P., Kim I., Nocera S., Ozeki Y. The Conduct of Monetary Policy in the Major Industrial Countries: Instruments and Procedures. Occasional Paper. 1990.
2. Bernanke B., Mihov I. Measuring Monetary Policy. Working Paper. 1995.
3. Bernanke B., Gertler M., Gilchrist S. The financial accelerator and the flight to quality. Rev. Econ. Statist. 78:1995.
4. Brunner A. D., Kamin S. B. Bank Lendings and Economic Activity in Japan: Did 'Financial Factors' Contribute to the Recent Downturn? International Finance Discussion Papers. 1995a.
5. Christiano L. J., Eichenbaum M., Evans C. Identification and The Effects of Monetary Policy Shocks. Working Paper. 1993b.
6. Clarida R., Gertler M. How The Bundesbank Conducts Monetary Policy. Working Paper. 1996.
7. Economic Survey of Japan 1990-1991: What We Learned from the Bubble and Our Challenge to a New Development. 1993.
8. Kashyap A. K., Stein J. C., Wilcox D. W. Monetary policy and credit conditions: Evidence from the composition of external finance. Am. Econ. Rev. 133:1993;78-98.
9. Kim, S. Roubini, N. 1995, Liquidity and exchange rates: A structural VAR approach, New York University.
10. Kim S. B., Moreno R. Stock prices and bank lending behavior in Japan. Econ. Rev. 1:1994.
11. Noguchi Y. Asset price inflation and economic policies. Hitotsubashi J. Econ. 34:1991;111-146.
12. Ogawa K., Kitasaka S-I. Asset Market and Business Fluctuations in Japan. Discussion Paper. 1993.
13. Ogawa K., Kitasaka S-I. Borrowing Constraints and Role of Land Asset in Japanese Corporate Investment Decision. Discussion Paper. 1994.
14. Sims, C. Zha, T. 1995, Does monetary policy generate recessions? Using less aggregated price data to identify monetary policy, Yale University.