政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/109729

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113318/144297 (79%)
Visitors : 50950775 Online Users : 947

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 國際經營與貿易學系 > 國科會研究計畫 > Item 140.119/109729

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/109729

Title:	調查預測無效率之原因：政治壓力與誤解
Authors:	荒井夏來
Contributors:	國貿系
Keywords:	利率零下限;非常規貨幣政策;識別不均一分散;日本銀行 Zero Lower Bound;Unconventional Monetary Policy;Identification through Heteroscedasticity;Bank of Japan
Date:	2016
Issue Date:	2017-05-17 16:30:09 (UTC+8)
Abstract:	本文藉由1998 - 2013年日本數據，研究貨幣政策在名義利率零下限狀況中的影響。我發現，擴張性貨幣政策衝擊的作用會直接影響公司債券收益率，特別是在高級公司債券收益率上。然而，預估之流轉股票價格和匯率的幅度大大地小於美國，且在多數情況中於統計上是不顯著的。 This paper investigates the effects of monetary policy announcements at the zero lower bound using Japanese data from 1998 to 2013. I find that the effect of expansionary monetary policy shocks is directly passed on to corporate bond yields, notably for high-grade corporate bond yields. However, the magnitude of estimated pass-through to stock prices and the exchange rate is substantially smaller than in the U.S., and not statistically significant in most cases.
Relation:	MOST 104-2410-H-004-208
Data Type:	report
Appears in Collections:	[國際經營與貿易學系 ] 國科會研究計畫

Files in This Item:

File	Description	Size	Format
104-2410-H-004-208.pdf		988Kb	Adobe PDF2	247	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...