West, Kenneth D. <br/><br/>
An Aggregate Demand - Aggregate Supply Analysis of Japanese Monetary Policy, 1973-1990 / 
Kenneth D. West. 
 - Cambridge, Mass.  National Bureau of Economic Research  1991. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w3823 .
 - Working Paper Series (National Bureau of Economic Research)  no. w3823. .
<br/><br/> August 1991. 
<br/><br/> An aggregate demand - aggregate supply framework is used to analyze the effects of Japanese monetary policy, 1973:1-1990:8. It is found that money supply shocks contribute relatively little to output variability over the sample as a whole. Nor do these shocks seem to be particularly marked during business cycle contractions. The effects of monetary policy on prices and output appear to be quite similar to those of a constant money growth rule. 
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