In order to preempt the manifestation of the risk that conversion of the deflationary mindset might be delayed, resulting from such uncertainties about overseas economies and financial markets, the Bank decided to introduce “Quantitative and Qualitative Monetary Easing (QQE) with a Negative Interest Rate” at the MPM in January.
Barnichon, Regis, Michael W. L. Elsby, Bart Hobijn and Ayșegül Șahin (2012) “Which Industries are Shifting the Beveridge Curve?” Monthly Labor Review, June 2012, 25–37; Davis, Steven J., R. Jason Faberman, and John C. Haltiwanger (2012) “Recruiting Intensity during and after the Great Recession: National and Industry Evidence,” American Economic Review: Papers and Proceedings.