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BOJ Amamiya: History and Theories of Yield Curve Control
It is a great honor to have this opportunity to give a keynote speech at the Financial Markets Panel Conference to Commemorate the 40th meeting. The first meeting of the panel was held in March 2009. At that time, the central banks in major countries started to undertake unconventional monetary policy measures in succession to tackle the global financial crisis, and it also was the period when a wide range of policy debates regarding effectiveness of these measures were opened. In addition, the consequences of financial imbalances during the 2000s were gradually surfacing at that time, and the paradigms of monetary ... (full story)