The Japanese Economic Review最新文献

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The role of nudge-based messages on the acceptability and download of COVID-19 contact tracing apps: survey experiments 基于暗示的信息对 COVID-19 联系人追踪应用程序的可接受性和下载的作用:调查实验
The Japanese Economic Review Pub Date : 2024-02-26 DOI: 10.1007/s42973-024-00152-x
Hirofumi Kurokawa, Shusaku Sasaki, Fumio Ohtake
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引用次数: 0
Did the BOJ’s negative interest rate policy increase bank lending? 日本央行的负利率政策是否增加了银行贷款?
The Japanese Economic Review Pub Date : 2024-01-22 DOI: 10.1007/s42973-023-00150-5
Hiroshi Gunji
{"title":"Did the BOJ’s negative interest rate policy increase bank lending?","authors":"Hiroshi Gunji","doi":"10.1007/s42973-023-00150-5","DOIUrl":"https://doi.org/10.1007/s42973-023-00150-5","url":null,"abstract":"<p>This study investigates the effects of the negative interest rate policy in Japan on bank lending using regression discontinuity design. On January 29, 2016, the Bank of Japan announced the beginning of the negative interest rate policy from February 16, 2016. As the financial market did not anticipate this policy, we use the event as a natural experiment. For a few months, starting from February 2016, a negative interest rate was levied on banks that held reserves exceeding the average monthly reserves of 2015. This allows us to employ regression discontinuity design. The results suggest an average treatment effect on the banks levied a negative interest rate of <span>(-)</span>1.5% to <span>(-)</span>3.5%. In other words, the loans of banks levied negative interest rates declined compared with those of banks that were not.</p>","PeriodicalId":516533,"journal":{"name":"The Japanese Economic Review","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139518816","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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