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IMES Discussion Paper Series
No./Main Category Author(s) Title/Keywords Date Full Text (PDF)
2019-E-17/History Mariko Hatase, Yoichi Matsubayashi Tax Incentives for Investment: Evidence from Japan's High-Growth Era
/Capital investments; Corporate taxes; Special depreciation; Investment policy; High-growth era 		2019-09-13 1,403KB
2019-E-16/Economics Naoko Hara, Ryuzo Miyao, Tatsuyoshi Okimoto The Effects of Asset Purchases and Normalization of US Monetary Policy
/Quantitative easing; Unconventional monetary policy; LSAP; MSVAR 		2019-08-30 462KB
2019-E-15/Economics Tatsushi Okuda, Tomohiro Tsuruga, Francesco Zanetti Imperfect Information, Shock Heterogeneity, and Inflation Dynamics
/Imperfect information; Shock heterogeneity; Inflation dynamics 		2019-08-30 1,365KB
2019-E-14/Economics Shigenori Shiratsuka, Nao Sudo, Shingo Watanabe Central Bank Design under a Continued Low Inflation and Interest Rate Environment
Summary of the 2019 BOJ-IMES Conference 		2019-08-21 597KB
2019-E-13/Economics Carl E. Walsh Alternatives to Inflation Targeting in Low Interest Rate Environments
/Optimal monetary policy; Inflation targeting; Price-level targeting; Average inflation targeting 		2019-08-21 869KB
2019-E-12/Economics Jean-Claude Trichet The Euro Area Economic, Fiscal and Financial Governance: Difficulties and Successes in the Past - Present Challenges - Future Steps 2019-08-21 681KB
2019-E-11/Economics Makoto Nirei, Jose A. Scheinkman Self-Organization of Inflation Volatility
/Trend inflation; Inflation volatility; State-dependent pricing; Aggregate fluctuations; Self-organized criticality; Power law 		2019-07-29 880KB
2019-E-10/Economics Michinao Okachi Sovereign Default Triggered by Inability to Repay Debt
/Sovereign Default; Dynamic Stochastic General Equilibrium; Inability to Repay Debt; Strategic Decision to Default; Fiscal Limit; Laffer Curve 		2019-07-22 791KB
2019-E-9/Economics Saleem Bahaj, Ricardo Reis Central Bank Swap Lines: Evidence on the Effects of the Lender of Last Resort
/liquidity facilities; currency basis; bond portfolio flows 		2019-07-11 1,659KB
2019-E-8/Economics Julio A. Carrillo, Enrique G. Mendoza, Victoria Nuguer, Jessica Roldan-Pena Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies
/Monetary policy; Financial frictions; Macroprudential policy; Leaning against the wind; Policy coordination 		2019-07-05 1,212KB
2019-E-7/History Ryoji Koike Interpolation of Japan's Household Consumption during World War II
/Household survey; Black-market prices; Effective prices; In-kind outlay; World War II 		2019-06-28 1,188KB
2019-E-6/Economics Markus K. Brunnermeier, Yann Koby The Reversal Interest Rate
/Monetary Policy; Lower Bound; Negative Rates; Banking 		2019-06-21 1,014KB
2019-E-5/Information technology Shiori Inoue, Masashi Une Security Analysis of Machine Learning Systems for the Financial Sector
/Artificial Intelligence; Machine Learning System; Security; Threat; Vulnerability 		2019-05-17 1,042KB
2019-E-4/Economics Hidehiko Matsumoto Foreign Reserve Accumulation, Foreign Direct Investment, and Economic Growth
/Foreign Reserve Accumulation; Foreign Direct Investment; Sudden Stops; Endogenous Growth; Real Exchange Rate; Gross Capital Flows 		2019-03-01 985KB
2019-E-3/Economics Carlo Pizzinelli, Konstantinos Theodoridis, Francesco Zanetti State Dependence in Labor Market Fluctuations: Evidence, Theory, and Policy Implications
/Search and Matching Models; State Dependence in Business Cycles; Threshold Vector Autoregression 		2019-02-22 1,599KB
2019-E-2/Economics Rasmus Fatum, Naoko Hara, Yohei Yamamoto Negative Interest Rate Policy and the Influence of Macroeconomic News on Yields
/NIRP; Bond Yields; Macroeconomic News 		2019-02-13 689KB
2019-E-1/Finance Tetsuya Adachi, Takumi Sueshige, Toshinao Yoshiba Wrong-way Risk in Credit Valuation Adjustment of Credit Default Swap with Copulas
/Credit valuation adjustment; Credit default swap; Affine jump diffusion; Fractional fast Fourier transform; Characteristic function 		2019-01-25 671KB

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Bank of Japan published this content on 13 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2019 02:26:04 UTC