Series: IMF Working Papers
Author(s): Serkan Arslanalp , and Dennis Botman
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 03 August 2015
Keywords: quantitative easing, portfolio rebalancing, speed limits, portfolio, market, inflation, markets, General, Portfolio Choice, speed limits.,
Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic rebalancing scenario, which suggests that the BoJ may need to taper its JGB purchases in 2017 or 2018, g...