Mitsuhiro Okano
Mitsuhiro Okano
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Does nominal wage stickiness affect fiscal multiplier in a two-agent new Keynesian model?
This study examines the effect of nominal wage stickiness on the fiscal multiplier in a two-agent new Keynesian model. We find that …
Daisuke Ida
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Mitsuhiro Okano
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Optimal monetary policy delegation in a small-open new Keynesian model with robust control
This study examines the optimal monetary policy delegation in a small-open new Keynesian model with model uncertainty. We show that …
Daisuke Ida
,
Mitsuhiro Okano
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International heterogeneity of nominal wages and optimal monetary policy
This paper examines optimal monetary policy in a two-country model with staggered nominal prices and wages. We show that given home …
Daisuke Ida
,
Mitsuhiro Okano
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Optimal monetary policy in a two-country new Keynesian model with deep consumption habits
This study develops a two-country new Keynesian (NK) model that incorporates deep habits in consumption and investigates the …
Mitsuhiro Okano
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Delegating Optimal Monetary Policy Inertia in a Small-Open Economy
This paper explores the delegation of several targeting regimes in a small open new Keynesian (NK) model and examines how central banks …
Daisuke Ida
,
Mitsuhiro Okano
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Delegating nominal income growth targeting in a small-open economy
The present study examines the role of nominal income growth targeting (NIGT) in a small-open economy and shows that the central …
Daisuke Ida
,
Mitsuhiro Okano
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Monetary Policy and Natural Disasters: An Extension and Simulation Analysis in the Framework of New Keynesian Macroeconomic Model
In this paper, we show that how monetary policy should respond in the aftermath of a rare but large-scale natural disaster such as …
Mitsuhiro Okano
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Monetary Policy and Exchange Rate in a Small Open Economy (in Japanese)
Recently, models based on the New Keynesian Macroeconomics (NKM), which have micro foundations, have come to be standard tools for …
Mitsuhiro Okano
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The Role of Exchange Rate in Monetary Policy (in Japanese)
The relationship between currency exchange rate and monetary policy is becoming more imortant in today’s global economy. The goal of …
Mitsuhiro Okano
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