Research and Studies

Home > Research and Studies > Research Papers Released by the Institute for Monetary and Economic Studies > IMES Discussion Paper E-Series > IMES Discussion Paper Series (2021)

IMES Discussion Paper Series 2021

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)
2021-E-12/Economics Shunichi Yoneyama Central Bank Transparency and Disagreement in Inflation Expectations
/Central bank transparency; forecast disagreement; inflation dynamics; imperfect information
Dec. 21,2021 [PDF 666KB]
2021-E-11/Economics Naoto Soma Parameter Uncertainty and Effective Lower Bound Risk
/Model Uncertainty; Effective Lower Bound; Deflationary Bias; Risky Steady State
Nov. 1,2021 [PDF 1,009KB]
2021-E-10/Economics Athanasios Orphanides The Power of Central Bank Balance Sheets
/Zero lower bound; Balance sheet policies; Quantitative easing; Eligibility; Fiscal-monetary interactions
Aug. 30,2021 [PDF 1,182KB]
2021-E-9/Economics R. Anton Braun, Daisuke Ikeda Monetary Policy over the Lifecycle
/Monetary policy; Lifecycle; Portfolio choice; Nominal government debt
Aug. 30,2021 [PDF 1,599KB]
2021-E-8/Economics Takuji Fueki, Ken Matsushita, Ichiro Muto, Fumitaka Nakamura, Shunichi Yoneyama Adapting to the New Normal: Perspectives and Policy Challenges after the COVID-19 Pandemic
Summary of the 2021 BOJ-IMES Conference
Jul. 30,2021 [PDF 243KB]
2021-E-7/Economics Tatsushi Okuda, Tomohiro Tsuruga Inflation Expectations and Central Bank Communication with Unknown Prior
/Imperfect information; inflation expectations; communication
Jul. 30,2021 [PDF 3,311KB]
2021-E-6/Economics Fumitaka Nakamura, Nao Sudo, Yu Sugisaki Monetary Policy Shocks and the Employment of Young, Middle-Aged, and Old Workers
/Monetary policy; Age structure; Labor market slack; Wage Phillips curve; High frequency identification
Jun. 30,2021 [PDF 1,939KB]
2021-E-5/Information technology Kazutoshi Kan, Masashi Une Recent Trends on Research and Development of Quantum Computers and Standardization of Post-Quantum Cryptography
/Elliptic-curve cryptography; Post-quantum cryptography; Public-key cryptographic algorithm; Quantum computer; RSA; Standardization
Jun. 30,2021 [PDF 1,593KB]
2021-E-4/Economics Hidehiko Matsumoto Monetary and Macroprudential Policies under Dollar-Denominated Foreign Debt
/Exchange rate; Balance of payments; Sudden stops; Monetary policy; Macroprudential policy
May 18,2021 [PDF 3,000KB]
2021-E-3/Information technology Kazutoshi Kan Security Risks of Machine Learning Systems and Taxonomy Based on the Failure Mode Approach
/Machine learning; Failure mode; Secuirty risk; Vulnerability
May 11,2021 [PDF 1,137KB]
2021-E-2/Economics Fumitaka Nakamura, Nao Sudo, Yu Sugisaki A Quest for Monetary Policy Shocks in Japan by High Frequency Identification
/Monetary policy shocks; high frequency identification; effective lower bound
Apr. 28,2021 [PDF 639KB]
2021-E-1/Economics Daisuke Ikeda, Hidehiko Matsumoto Procyclical Leverage and Crisis Probability in a Macroeconomic Model of Bank Runs
/Banking crises; global games; macroprudential policy
Mar. 30,2021 [PDF 4,049KB]