There is a strong emphasis on theory supported by a range of applications, in particular to the asia pacific region. Ippei fujiwara, keio university chalongphob sussangkarn, tdri 11. Richard dennis gained his phd from the australian national university in 2001. Bilbiie, ippei fujiwara, journal of monetary economics, forthcoming.
Wednesday 6 september canberra australiajapan research centre. May 21, 2016 ippei fujiwara, yuichiro waki 21 may 2016 this column asks whether such information should be communicated to the public. Articles in press latest issue all issues submit your article. Ippei fujiwara crawford school of economics and government. Is the central banks publication of economic forecasts. He completed his dphil in economics at the university of oxford nuffield, and a phd in applied economics at osaka university.
Ippei fujiwara is professor of economics, faculty of economics, keio university, and also crawford school of public policy, australian national university. T1 is the central banks publication of economic forecasts influential. The university of washington, seattle, on saturday, november, 9th. Scott davis joined the federal reserve bank of dallas as a research economist in september 2010. Rieti books english rieti books japanese history of japans trade and industry policy. Fingerprint dive into the research topics where ippei fujiwara is active. Huang, jiao wang, 2020, forthcoming in the journal of monetary economics monetary policy divergence and net capital flows. The nber, the tokyo center for economic research, the korea development institute, the hong kong university of science and technology, the peking university china center for economic research, the national university of singapore, the australian national university, and the chunghua institution for economic research taipei jointly sponsored the nbers 29th annual east asian. Ippei fujiwara, naoko hara, naohisa hirakata, takeshi kimura, and shinichiro watanabe, 2007. The 14th joint economics symposium was held at the university of sydney, on 1617 january 2020. Evidence from government formation with carlos sanz. Global liquidity trap with ippei fujiwara, nao sudo, yuki teranishi. You appear to be using internet explorer 7, or have compatibility view turned on. Journal of economic dynamics and control special issues.
Huang and jiao wang federal reserve banks federal reserve bank of dallas, australian national university anu crawford school of public policy, federal reserve bank of philadelphia and university of melbourne melbourne institute of applied economic and social research. Endogenous entry, product variety, and business cycles, with florin o. Oct 02, 2019 november 9, 2019 university of washington, seattle the 8th annual west coast workshop in international finance will be held at. A simple analytical investigation scholars choice edition yuki teranishi, ippei fujiwara, international journal of central banking on. Professor fujiwara worked for the bank of japan for 18 years before joining anu in 2011. Ippei fujiwara, kazuo fukuda, ichiro muto, yosuke shigemi, and wataru takahashi, 2008. Optimal monetary policy with endogenous entry and product variety. Asymmetry in government bond returns by ippei fujiwara. July 2014 abstract this paper explores a causal link between aging of the labor force and declining trends in the real interest rate and in. Lars svensson, stockholm school of economics and nber discussants. Private news and monetary policy vox, cepr policy portal.
We consider the fiscal multiplier and spillover in an environment in which two countries are caught simultaneously in a liquidity trap. He published a book on the analysis of the world economy from the. Optimal monetary policy with endogenous entry and product variety, with florin o. Fujiwara and teranishi analyze the interaction between population ageing and monetary policy using a newkeynesian version of gertlers 1999 model. Ippei fujiwara is professor of macroeconomics at the crawford school of public policy, fellow of the asian bureau of finance and economic research abfer, research associate at the globalization and monetary policy institute, federal reserve bank of dallas, japan director for australiajapan research centre ajrc, and the deputy director at the. This course examines key analytical, empirical and policy issues in monetary policy and central banking. How much asymmetry is there in bond returns and exchange rates. Output composition of the monetary policy transmission. His research is in the field of open economy macroeconomics, particularly the effect of trade and financial integration on the international transmission of businesscycle fluctuations. Forward guidance or the expected virtue of ignorance, discussion paper 16e027, research institute of economy, trade and industry rieti.
Mototsugu shintanifaculty of economics university of tokyo, iser osaka university, imes bank of japanverified email at econ. Finally, economists shigeru fujita and ippei fujiwara looked for a causal link between an aging of the workingage population and inflation. Australian national university anu crawford school of public policy. Mototsugu shintani faculty of economics university of tokyo, iser osaka university. The fiscal multiplier and spillover in a global liquidity. The zero lower bound and monetary policy in a global economy. Monetary policy and central banking in the asia pacific anu. Ippei fujiwara arndtcorden department of economics. These topic labels come from the works of this person. Apr 02, 2020 takako fujiwara greves page last update. Foundation, and the japan institute for energy economics ieej, among others. The authors developed a model with human capital depreciation. Ippei fujiwara is professor of macroeconomics at keio university and anu. We thank the editor, yuriy gorodnichenko, the associate editor, vivian yue, and an anonymous referee.
Economics letters vol 174, pages 1218 january 2019. Ippei fujiwara then cqer center for quantitative economic research number 1, 2009 letters federal reserve bank of atlanta directors note by tao zha guillermo calvo left of columbia university, the conference keynote speaker, chats with steve kay, coordinator of the atlanta feds americas. While it is crucial for the central banks to communicate their policy action plans to the private sector, guidance that helps the private sector form more accurate forecasts of future shocks can be undesirable and destabilising. The zero lower bound and monetary policy in a global. We develop a new keynesian searchmatching model that features heterogeneities in age and. Foreign exchange reserves as a tool for capital account. Ippei fujiwara, faculty of economics, keio university, 2. Ippei fujiwara faculty of economics keio university 21545, mita, minatoku tokyo 1088345 japan tel. Ippei fujiwara is professor of macroeconomics at the crawford school of public policy, fellow of the asian bureau of finance and economic research abfer, research associate at the globalization and monetary policy institute, federal reserve bank of dallas, japan director for australiajapan research centre ajrc, and the deputy director at the center for applied macroeconomic analysis cama. Womens access to labor market opportunities, control of household resources, and domestic violence. Professor, faculty of economics, keio university professor, australian national university.
Ippei fujiwara centre for applied macroeconomic analysis. Filmed on 6th december 2016 lectured by professor ippei fujiwara. For other information contact simon alder and stan rabinovich. A bayesian dsge approach, vanderbilt university department of economics working papers 0921, vanderbilt university department of economics. Bilbiie and ippei fujiwara, journal of monetary economics 64 may 2014.
Ippei fujiwara university of north carolina at chapel hill. Im director at simetrica, a research consultancy that focuses on social impact measurement and policy evaluation uk and im also a researcher at the centre for economic performance at the london school of economics. Keio university faculty of economics contributions. Unc international macroeconomics seminars are on thursdays at 3. Ippei fujiwara is a professor of macroeconomics at keio university and the australian national university anu. Can news be a major source of aggregate fluctuations. Ippei fujiwara is professor of macroeconomics at the crawford school of public policy, fellow of the asian bureau of finance and economic research abfer, research associate at the globalization and monetary policy institute, federal reserve bank of dallas, japan director for australiajapan research centre ajrc, and the deputy director at the center for applied macroeconomic. This cited by count includes citations to the following articles in scholar. They develop a new keynesian searchmatching model where workers gain firm. Research associate at the globalization and monetary policy institute, federal bank of dallas. Fujita and fujiwara explore a causal link between the aging of the labor force and the deflationary pressure in japan. Ippei fujiwara centre for climate and energy policy. We have also benefited from conversations with marvin goodfriend, zheng liu, enrique mendoza, andrew rose, mark spiegel, martin uribe, yi wen, and seminar participants at the federal reserve banks of dallas and boston and osaka university, the china meeting of the econometric society, and the. Using a standard new open economy macroeconomics noem model, an optimizing twocountry sticky price model, we show that the fiscal multiplier and spillover are contrary to those predicted in textbook economics.
His research centres on international finance, monetary economics and macroeconomics. Nj international economics section at the department of economics of princeton university. Prior to joining the university of glasgow, he has worked for the australian national university and. This paper revisits optimal monetary policy in open economies, in particular, focusing on the noncooperative policy game under local currency pricing in a twocountry dynamic stochastic general equilibrium model.
Comment on why has japan failed to escape from deflation. Discussion papers in economics and business, osaka university, graduate school of economics view citations 3 see also journal article in japan and the world economy 2007 output composition of monetary policy transmission mechanism in japan discussion papers in economics and business, osaka university, graduate school of economics view. Ippei fujiwara, tomoyuki nakajima, nao sudo, yuki teranishi. Abstract we measure asymmetries in the distribution of bond returns and exchange rates and test their. Ippei fujiwara sustainable international monetary policy cooperation, with timothy kam and takeki sunakawa, accepted, journal of economic, dynamics and control. Shigeru fujita, federal reserve bank of philadelphia, and ippei fujiwara, australian national university aging and deflation. Ippei fujiwara is professor of macroeconomics at the crawford school of public policy, fellow of the asian bureau of finance and economic research abfer. Optimal monetary policy with endogenous entry and product variety, with florin bilbiie and fabio ghironi, 2014, journal of monetary economics 64, 120.
Cqerletters center for quantitative economic research. Ippei fujiwara national bureau of economic research. Tomoyuki nakajima national bureau of economic research. Keio university department of economics contributions. May 21, 2016 ippei fujiwara is a professor of macroeconomics at keio university and the australian national university anu.
Recent journal of monetary economics articles elsevier. Professor, keio university and australian national university. Global liquidity trap with tomoyuki nakajima, nao sudo, yuki teranishi. Find researchers and browse publications, fulltexts, contact details and general information related to the faculty of economics at keio university for full functionality of researchgate it is. On two notions of imperfect credibility in optimal monetary policies, with timothy kam and takeki sunakawa, 2019, economics letters, 174, 2225. Huang and jiao wang federal reserve banks federal reserve bank of dallas, australian national university anu crawford school of public policy, federal reserve bank of philadelphia and university of melbourne melbourne institute of applied economic. Optimal monetary policy with endogenous entry and product variety with florin o.
How much asymmetry is there in bond returns and exchange. Professor ippei fujiwara ippei fujiwara is professor of macroeconomics at the crawford school of public policy. He is also a faculty fellow at research institute of economy, trade and industry rieti. Output composition of the monetary policy transmission mechanism in japan. The central bank faces a tradeoff between welfare of workers and retirees since monetary policy alters this welfare distribution.
He received his phd from the massachusetts institute of technology. Citescore values are based on citation counts in a given year e. Optimal monetary policy in open economies revisited. Ippei received his phd in economics, nuffield college, university of oxford.
Find researchers and browse publications, fulltexts, contact details and general information related to the department of economics at keio university for full functionality of researchgate it is. Stebunovs, journal of international economics 95 march 2015. Economics as well as philosophy and japanese language and classical literature. In this paper we consider a twocountry new open economy macroeconomics model, and analyze the optimal monetary policy when countries cooperate in the face of a global liquidity trapi. Keio university and australian national university. Sep 01, 2018 the nber, the tokyo center for economic research, the korea development institute, the hong kong university of science and technology, the peking university china center for economic research, the national university of singapore, the australian national university, and the chunghua institution for economic research taipei jointly sponsored the nbers 29th annual east asian seminar on. He is also codirector of the australian national universitys australiajapan research centre. Petersburg, russia and examine the mixed progress of the global economy over. N2 we examine how a central banks economic forecasts affect forecasts by professional forecasters and vice versa. Professor ippei fujiwara professor ippei fujiwara is professor of macroeconomics at the australian national university and at keio university.
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