Zobrazeno 1 - 10
of 75
pro vyhledávání: '"Ippei Fujiwara"'
Autor:
Yuichiro Waki, Ippei Fujiwara
Publikováno v:
Review of Economic Dynamics. 46:280-301
When the central bank has information that can help the private sector better predict the future, should it communicate such information to the public? In purely forward-looking New Keynesian models, such Delphic forward guidance unambiguously reduce
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::815408f673a4c8a42580c02995804867
https://doi.org/10.1016/j.red.2021.10.002
https://doi.org/10.1016/j.red.2021.10.002
Autor:
Shigeru Fujita, Ippei Fujiwara
Publikováno v:
Journal of the Japanese and International Economies. 69:101262
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::80bdc17f74fcd892b93e702e6b0c39fd
https://doi.org/10.1016/j.jjie.2023.101262
https://doi.org/10.1016/j.jjie.2023.101262
Publikováno v:
Journal of Monetary Economics. 117:473-488
Recent theoretical papers argue that countries can insulate themselves from volatile world capital flows by using a variable tax on foreign capital as an instrument of monetary policy. But empirical papers argue that we rarely observe these cyclical
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::895d1a296a57e42eb1c922f366fb59f0
https://doi.org/10.1016/j.jmoneco.2020.02.006
https://doi.org/10.1016/j.jmoneco.2020.02.006
Autor:
Ippei Fujiwara, Yuichiro Waki
Publikováno v:
Journal of Monetary Economics. 116:236-248
Should the fiscal authority use forward guidance to reduce future policy uncertainty perceived by private agents? Using dynamic general equilibrium models, we examine the welfare effects of announcing future fiscal policy shocks and show that selecti
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bad41bb902d99e55dc62556a8e7c3505
https://doi.org/10.1016/j.jmoneco.2019.10.007
https://doi.org/10.1016/j.jmoneco.2019.10.007
Autor:
Ippei Fujiwara, Shigeru Fujita
Publikováno v:
Working paper (Federal Reserve Bank of Philadelphia).
This paper explores a causal link between aging of the labor force and declining trends in the real interest rate in Japan. We develop a search/matching model that features heterogeneous workers with respect to their ages and firm-specific skills. Us
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::731c3ddcbed5bc243dbbdda743a40614
https://doi.org/10.21799/frbp.wp.2021.23
https://doi.org/10.21799/frbp.wp.2021.23
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c7ed640e9f8198417a6b083288db68c9
https://doi.org/10.2139/ssrn.3934136
https://doi.org/10.2139/ssrn.3934136
Publikováno v:
Journal of Money, Credit and Banking. 50:1369-1399
Adopting a single instead of multiple targets can be an effective way to overcome the classic time-inconsistency problem. The choice of a single mandate depends on the trade openness and the credibility. Reduced-form empirical results show as central
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ed26e5f43172077317bf0f7efcc87eaf
https://doi.org/10.1111/jmcb.12551
https://doi.org/10.1111/jmcb.12551
Publikováno v:
Theoretical Economics. 13:1319-1367
This paper considers the optimal degree of discretion in monetary policy when the central bank conducts policy based on its private information about the state of the economy and is unable to commit. Society seeks to maximize social welfare by imposi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d6983d58135ff5cc89229e15421ab97f
https://doi.org/10.3982/te2369
https://doi.org/10.3982/te2369
Autor:
Ippei Fujiwara
Publikováno v:
Asian Economic Policy Review. 16:243-244
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::400fb5fff83da096d36d8eb4e7400af7
https://doi.org/10.1111/aepr.12350
https://doi.org/10.1111/aepr.12350
Autor:
Jiao Wang, Ippei Fujiwara
Publikováno v:
Journal of International Economics. 108:300-314
This paper revisits optimal monetary policy in open economies, in particular, focusing on the noncooperative policy game under local currency pricing in a two-country dynamic stochastic general equilibrium model. We first derive the quadratic loss fu
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e996e077e504050dc955b8e3bd2910f9
https://doi.org/10.1016/j.jinteco.2017.07.006
https://doi.org/10.1016/j.jinteco.2017.07.006