Resumen de Abenomics: : An Update

Joshua K. Hausman, Johannes F. Wieland

• We update the evaluation and outlook for Abenomics in Hausman and Wieland (2014). Abenomics, and expansionary monetary policy in particular, continued to weaken the yen and raise stock prices in 2014. It also continued to generate positive inflation, though neither actual nor expected inflation are yet 2%. Real effects of Abenomics have been modest. The response of net exports to the weak yen was small, and there is little evidence that expansionary monetary policy had large effects on consumption.