P/E/289. Dissertation. Monetary policy and economic decline in Japan in 1990s

The dissertation aims to investigate the economic decline in Japan in 1990s known as a ‘liquidity trap evaluating the effectiveness of policies adopted by the Bank of Japan over the period, namely, the Zero Interest Rate Policy (ZIRP) and Quantitative Easing Policy (QEP). The review of literature supplies information on the concept of ‘liquidity trap, the economic situation in Japan before the slump, the monetary policy of the Bank of Japan, the government policy, the introduction of ZIRP and QEP, their effectiveness with respect to Japans situation, etc. Conclusions are made about the relationship between monetary policy and economic stability in Japan.