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IMES Discussion Paper Series 2023

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.

Click the title to obtain an abstract of the thesis

IMES Discussion Paper Series
No./Main Category Author(s) Title/Keywords Date Full Text (PDF)
2023-E-8/History Mariko Hatase How Do People Form the Perception of a Link between Foreign Exchange Rates and Exports? The Experience of Japan in the 1920s
/Exchange rate; Gold standard; Exports; Imports
Dec. 20, 2023 [PDF 1,159KB]
2023-E-7/Economics Ko Munakata, Takeshi Shinohara, Shigenori Shiratsuka, Nao Sudo, Tsutomu Watanabe On the Source of Seasonality in Price Changes: The Role of Seasonality in Menu Costs
/Scanner Data; Seasonality in Price Changes; New Keynesian Model; Menu Costs
Nov. 20, 2023 [PDF 1,204KB]
2023-E-6/Economics Athanasios Orphanides The Forward Guidance Trap
/Monetary policy strategy; Forward guidance; Policy rules
Oct. 20, 2023 [PDF 1,303KB]
2023-E-5/Economics Ken Chikada, Satoshi Kobayashi, Takeshi Shinohara, Nao Sudo Old and New Challenges for Monetary Policy
Summary of the 2023 BOJ-IMES Conference
Oct. 10, 2023 [PDF 567KB]
2023-E-4/History Mariko Hatase, Yoichi Matsubayashi A History of Current Account Balances in Japan from the Perspectives of Savings and Investment
/Differential Privacy; Privacy Protection; Control over Personal Information about Oneself; Anonymization; Ethical, Legal and Social Issues
Aug. 23, 2023 [PDF 872KB]
2023-E-3/Economics Maurice Obstfeld Perspectives on r-bar and r-star July 26, 2023 [PDF 619KB]
2023-E-2/Information technology Kazutoshi Kan Seeking the Ideal Privacy Protection: Strengths and Limitations of Differential Privacy
/Differential Privacy; Privacy Protection; Control over Personal Information about Oneself; Anonymization; Ethical, Legal and Social Issues
Jan. 31, 2023 [PDF 923KB]
2023-E-1/Economics Takuji Fueki, Shinnosuke Katsuki, Ichiro Muto, Yu Sugisaki Automation and Nominal Rigidities
/Automation; Monetary policy; Nominal rigidities; Phillips curve
Jan. 20, 2023 [PDF 3,071KB]