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Monetary and Economic Studies


Monetary and Economic Studies is published each year, by the Bank of Japan's Institute for Monetary and Economic Studies (IMES). In line with IMES policy, the publication seeks to provide information on monetary and economic issues to the general public. Articles include research achievements by the staff and visiting scholars, and selected works from the proceedings of conferences sponsored by IMES.

Views expressed in Monetary and Economic Studies are those of the authors and do not necessarily reflect those of the Bank of Japan or IMES.

Click the title to obtain an abstract of the thesis

Vol.15, No.2 / December 1997

Table : Vol.15, No.2 / December 1997
Author(s) Title/Keywords Full Text (PDF)
Shigenori Shiratsuka Inflation Measures for Monetary Policy: Measuring the Underlying Inflation Trend and Its Implication for Monetary Policy Implementation
/Monetary policy; Price stability; Underlying inflation; Limited influence estimator; Skewed and fat-tailed distribution of individual price changes
351 KB
Nobuyuki Oda, Jun Muranaga A New Framework for Measuring the Credit Risk of a Portfolio: The "ExVaR" Model
/Value at risk; Credit risk; Risk integration; Default probability; Diversification/concentration; Collateral effect
382 KB
Susanne Lohmann Is Japan Special? Monetary Linkages and Price Stability
/Design of central banking institutions; Linkage politics; Japanese political economy
210 KB
Menzie D.Chinn, Michael P.Dooley Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials Fail to Measure Capital Market Integration
/Capital mobility; Monetary transmission; Bank credit
293 KB

Vol.15, No.1 / May 1997

Table : Vol.15, No.1 / May 1997
Author(s) Title/Keywords Full Text (PDF)
Yukinobu Kitamura Indexed Bonds and Monetary Policy: The Real Interest Rate and the Expected Rate of Inflation
/Indexed bond; Real interest rate; Expected rate of inflation
171 KB
Naohiko Baba Markup Pricing and Monetary Policy: A Reexamination of the Effectiveness of Monetary Policy under Imperfect Competition
/Markup pricing; Monetary policy; Welfare cost of inflation
263 KB
Edward J. Green Money and Debt in the Structure of Payments
/Payments; Settlement; Clearinghouse; Central bank; Novation and substitution
185 KB
Carl E. Walsh Inflation and Central Bank Independence: Is Japan Really an Outlier?
/Central banks; Monetary policy; Inflation
203 KB