monetary policy

Exchange Rate and Japanese Monetary Policy in the 1980s/90s　―A VECM Approach With Long Run Restriction― (in Japanese)
本稿では，1980年代から1990年代にかけて日本の金融政策が為替レートの安定化にどの程度関心を持っていたのかという問題に対して，多変量時系列モデルを用いた実証分析を行う。分析にはKim（2002）に準じた短期制約付きの構造VARモデルに加えて，Jang and …
Mitsuhiro
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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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