Monetary Policy with Very Low Inflation in the Pacific Rim

Takatoshi Ito is professor of economics at the University of Tokyo and a research associate of the National Bureau of Economic Research.

Andrew K. Rose is the Bernard T. Rocca Jr. Professor of International Trade and director of the Clausen Center for International Business and Policy at the Haas School of Business, University of California, Berkeley, and a research associate of the National Bureau of Economic Research.