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  1. Home
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  3. Informality and Monetary Policy in Japan
  • Cited by 14
Publisher:
Cambridge University Press
Online publication date:
September 2009
Print publication year:
2002
Online ISBN:
9780511492518
DOI:
https://doi.org/10.1017/CBO9780511492518
Subjects:
Economics, Area Studies, Asian Studies, Economic Theory
Information

Book description

The success (and misfortunes) of the post-war Japanese economy has been one of the most debated points in modern economics. Many explanations focus on cultural and institutional factors, and in particular the role of 'Informality' (networks organizing business activity and government policy). Adrian van Rixtel, an economist at the European Central Bank, provides a quantitative and qualitative assessment of Informality in the formation of Japanese monetary policy. Having been based in Japan for three years, two years of which were spent at the Institute for Monetary and Economic Studies at the Bank of Japan and the Japanese Ministry of Finance, he is able to bring a unique 'insider-outsider' perspective to the subject.

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