Miyao.

• Position: On Japan's monetary policy in the 1990s - Brief Article

Miyao documents time-series evidence suggesting the case for a possible structural break in the role of Japan's monetary policy during the 1990s. While he detects a persistent effect of monetary policy on real output both between 1975 and 1998 and during the period ending in 1993, that effect disappears in the most recent subsample of the 1990s...