IMES Discussion Paper Series 2017
IMES Discussion Paper Series (DPS) is circulated in order to stimulate discussion and comments. Views expressed in Discussion Paper Series are those of authors and do not necessarily reflect those of the Bank of Japan or the Institute for Monetary and Economic Studies.
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No./Main Category | Author(s) | Title/Keywords | Date | Full Text (PDF) |
---|---|---|---|---|
2017-E-12/Accounting | Akinobu Shuto, Norio Kitagawa, Naoki Futaesaku | The Effect of Bank Monitoring on the Demand for Earnings Quality in Bond Contracts
/Accruals Quality; Bond Yield Spread; Main Bank; Private Information; Japan |
Dec. 27, 2017 | 454KB |
2017-E-11/Economics | Ryo Kato, Tatsushi Okuda | Market Concentration and Sectoral Inflation under Imperfect Common Knowledge
/Imperfect common knowledge; Inflation persistence; Market concentration |
Dec. 20, 2017 | 726KB |
2017-E-10/Economics | Yasufumi Gemma, Takushi Kurozumi, Mototsugu Shintani | Trend Inflation and Evolving Inflation Dynamics: A Bayesian GMM Analysis of the Generalized New Keynesian Phillips Curve
/Inflation Dynamics; Trend Inflation; Generalized New Keynesian Phillips Curve; Bayesian GMM Estimation; Quasi-marginal Likelihood |
Nov. 30, 2017 | 322KB |
2017-E-9/Economics | Ko Nakayama, Shigenori Shiratsuka | Monetary Policy: Lessons Learned and Challenges Ahead Summary of the 2017 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan |
Oct. 13, 2017 | 281KB |
2017-E-8/Economics | Mark Gertler | Rethinking the Power of Forward Guidance: Lessons from Japan
/Forward guidance; Inflation targeting; Hybrid adaptive/rational expectations |
Oct. 5, 2017 | 1,680KB |
2017-E-7/Economics | Christine Ma, Chung Tran | Fiscal Space under Demographic Shift
/Population Ageing; Laffer Curve; Fiscal Limit; Sustainability; Heterogeneity; Dynamic General Equilibrium |
Sept. 15, 2017 | 518KB |
2017-E-6/Economics | Koichiro Kamada | The Transactions Demand for Paper and Digital Currencies
/Digital currency; Money demand; Network externality; Negative interest rate; Currency tax |
Jul. 13, 2017 | 616KB |
2017-E-5/Economics | Jeff Fuhrer | Japanese and U.S. Inflation Dynamics in the 21st Century
/Inflation dynamics; Intrinsic Persistence; Survey expectations |
Jun. 27, 2017 | 1,297KB |
2017-E-4/Economics | Greg Kaplan, Benjamin Moll, Giovanni L. Violante | Monetary Policy According to HANK
/Monetary Policy; Heterogeneous Agents; New Keynesian; Consumption; Liquidity; Inequality |
Jun. 20, 2017 | 1,228KB |
2017-E-3/Economics | Yasushi Asako, Tatsushi Okuda | Guiding the Economy Toward the Target Inflation Rate: An Evolutionary Game Theory Approach /Target inflation rate; Evolutionary game; Best-response dynamics; Perfect-foresight dynamics; Multiple long-run equilibria; Capital-skill complementarity; Demand-creating innovation |
May 23, 2017 | 832KB |
2017-E-2/Law and Central Banking | Ignacio Tirado | Banking Crises and the Japanese Legal Framework
/Bank Resolution; Financial Crisis; Preventive Corrective Action; General Bankruptcy Proceedings; Systemic Risk |
Mar. 23, 2017 | 1,221KB |
2017-E-1/Economics | Yoichi Ueno | Term Structure Models with Negative Interest Rates
/Term Structure Model; Monetary Policy; Negative Interest Rate; Basis Swap Spreads |
Mar. 16, 2017 | 1,783KB |