IMES Discussion Paper Series 2018
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.
- to IMES Home
- Notice on copyright and other related matters regarding the site of the Institute for Monetary and Economic Studies.
Click the title to obtain an abstract of the thesis
| No./Main Category | Author(s) | Title/Keywords | Date | Full Text (PDF) |
|---|---|---|---|---|
| 2018-E-17/History | Masato Shizume | Black Market Prices during World War II in Japan: An Estimate Using the Hedonic Approach
/Price Formation; Black Markets; World War II; Hedonic Approach; Economic Controls |
Nov. 29, 2018 | 356KB |
| 2018-E-16/Economics | Junko Koeda | Macroeconomic Effects of Quantitative and Qualitative Monetary Easing Measures
/effective lower bound of nominal interest rates; quantitative and qualitative monetary easing policy; forward guidance; structural vector autoregression; maximum likelihood |
Nov. 5, 2018 | 1,224KB |
| 2018-E-15/Economics | Hikaru Saijo | Redistribution and Fiscal Uncertainty Shocks
/fiscal policy uncertainty; ambiguity; limited stock market participation; redistribution |
Oct. 2, 2018 | 894KB |
| 2018-E-14/Finance | Loriana Pelizzon, Marti G. Subrahmanyam, Reiko Tobe, Jun Uno | Scarcity and Spotlight Effects on Liquidity and Yield: Quantitative Easing in Japan
/Sovereign Bonds; Quantitative Easing; Market Liquidity; Scarcity; Spotlight |
Sept. 21, 2018 | 714KB |
| 2018-E-13/Finance | Keiichi Goshima, Yusuke Kumano | Monetary Policy Announcement and Algorithmic News Trading in the Foreign Exchange Market
/Algorithmic trading; Monetary policy; High frequency data, Foreign exchange market; News trading; Market microstructure; Web access record |
Aug. 22, 2018 | 699KB |
| 2018-E-12/Economics | Parantap Basu, Kenji Wada | Unconventional Monetary Policy and the Bond Market in Japan: A New-Keynesian Perspective
/QE; QQE; Excess Reserve; Overnight Borrowing Rate; IOER; Yield Curve Control |
Aug. 15, 2018 | 755KB |
| 2018-E-11/Economics | Shigenori Shiratsuka | Central Banking in a Changing World Summary of the 2018 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan |
Aug. 8, 2018 | 374KB |
| 2018-E-10/Economics | Athanasios Orphanides | The Boundaries of Central Bank Independence: Lessons from Unconventional Times
/Bank of Japan; Zero lower bound; Quantitative easing; Central bank independence; Price stability; Inflation target; Balance sheet risk |
Aug. 8, 2018 | 369KB |
| 2018-E-9/Economics | Raghuram G. Rajan | Whither Bank Regulation: Current Debates and Challenges | Aug. 8, 2018 | 471KB |
| 2018-E-8/Economics | Yuto Iwasaki, Ichiro Muto, Mototsugu Shintani | Missing Wage Inflation? Estimating the Natural Rate of Unemployment in a Nonlinear DSGE Model
/downward wage rigidity; natural rate of unemployment; Phillips curve; particle filter |
Jul. 20, 2018 | 2,675KB |
| 2018-E-7/Economics | Klaus Adam, Henning Weber | Optimal Trend Inflation
/optimal inflation rate; sticky prices; firm heterogeneity |
Jul. 12, 2018 | 675KB |
| 2018-E-6/Economics | Taisuke Nakata, Sebastian Schmidt, Paul Yoo | Speed Limit Policy and Liquidity Traps
/Liquidity Traps; Markov-Perfect Equilibrium; Speed Limit Policy; Zero Lower Bound |
Jun. 15, 2018 | 560KB |
| 2018-E-5/Economics | Hibiki Ichiue, Yoichi Ueno | A Survey-based Shadow Rate and Unconventional Monetary Policy Effects
/Monetary Policy; Effective Lower Bound; Zero Lower Bound; Shadow Rate; Survey Forecasts |
Jun. 11, 2018 | 1,108KB |
| 2018-E-4/Economics | Kenji Suganuma, Yoichi Ueno | The Effects of the Bank of Japan's Corporate and Government Bond Purchases on Credit Spreads
/Credit spreads; Default risk channel; Local supply channel; Global supply channel; Risk taking channel; Monetary policy |
Jun. 4, 2018 | 1,901KB |
| 2018-E-3/Finance | Masayuki Kazato, Tetsuya Yamada | The Implied Bail-in Probability in the Contingent Convertible Securities Market
/Market-implied bail-in probability; Contingent convertible securities; Basel III; Financial stability |
May 25, 2018 | 667KB |
| 2018-E-2/Finance | Koichiro Kamada, Tetsuo Kurosaki, Ko Miura, Tetsuya Yamada | Central Bank Policy Announcements and Changes in Trading Behavior: Evidence from Bond Futures High Frequency Price Data
/Central bank announcements; Government bond futures; Herding behavior; Information efficiency; Market microstructure |
Mar. 30, 2018 | 1,223KB |
| 2018-E-1/Economics | Marlene Amstad, Frank Packer, Jimmy Shek | Does Sovereign Risk in Local and Foreign Currency Differ?
/Sovereign risk; local currency debt; foreign currency debt; credit ratings |
Mar. 23, 2018 | 735KB |