A Mundell-Fleming Study of Japan's Monetary Expansion

R. Garagulagian
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Abstract

With the new government, Japan has announced plans for massive monetary expansion through expansion of money base. In this paper after reviewing Japan’s monetary policy I use Mundell-Fleming model under assumptions of high capital mobility and flexible exchange rates to demonstrate the changes affiliated with Japan’s monetary expansion.
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日本货币扩张的蒙代尔-弗莱明研究
随着新政府的上台,日本宣布了通过扩大货币基础进行大规模货币扩张的计划。本文在回顾日本货币政策的基础上,运用蒙代尔-弗莱明模型,在高资本流动性和灵活汇率的假设下,论证了日本货币扩张的变化。
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