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.

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IMES Discussion Paper Series
No./Main Category	Author(s)	Title/Keywords	Date	Full Text (PDF)
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]