@article {10.3844/ajebasp.2017.38.46,
article_type = {journal},
title = {How Can the Public Monitor Monetary Policy?},
author = {Senda, Takashi},
volume = {9},
year = {2017},
month = {Jul},
pages = {38-46},
doi = {10.3844/ajebasp.2017.38.46},
url = {https://thescipub.com/abstract/ajebasp.2017.38.46},
abstract = {On August 11, 2000, the Bank of Japan made one of the most controversial decisions in the history of monetary policy when it ended its zero-interest-rate policy and increased the overnight rate to 0.25%. This paper aims to examine whether or not this decision to terminate the zero-interest-rate policy was premature. In this study, I argue that this decision by the Bank of Japan to tighten monetary policy in 2000 was unreasonable as there still remained a great deal of slack in the economy and inflation was not far from its target. On reading the minutes of the Monetary Policy Meeting of August 11, 2000, I observe that some arguments for tightening monetary policy seem to confuse rates of change and levels.},
journal = {American Journal of Economics and Business Administration},
publisher = {Science Publications}
}