Money Influence on Real Economy Activity: Evidences Review on Japanese Context

Abstract

Over the past few decades, voluminous studies have been carried out to find out the money influence on real economy activity. Various models and methodologies have been employed to empirically examine the precision of monetary neutrality proposition as well as the money validity in order to generate the answer on whether money is posited a viable variable of monetary policy. This paper discussed some varied empirical findings in general as well as in Japanese context out of these numerous literature