Published Papers
Ida, D. (2025) "Optimal monetary policy rules in a behavioral new Keynesian model," Oxford Bulletin of Economics and Statistics, Forthcoming. Paper
Ida, D. (2025) "The neo-Fisherian effect in a new Keynesian model with real money balances," The North American Journal of Economics and Finance, Vol.80,10247.
Ida, D. and Kaminoyama K. (2025) "Effect of a cost channel on monetary policy transmission in a behavioral new Keynesian model," Macroeconomic Dynamics, Vol.29, e104.
Hoshino, S. and Ida, D. (2025) "Stock prices and monetary policy: Analysis of a Bayesian DSGE model," Economic Modelling, Vol. 148, 107075.
Ida, D. and Okano, M. (2024) "Does nominal wage stickiness affect fiscal multiplier in a two-agent new Keynesian model?" The B.E. Journal of Macroeconomics, Vol. 24, No. 2, pp. 883–928.
Ida, D. (2024) "Household heterogeneity and the price puzzle in a new Keynesian model," Journal of Macroeconomics, Vol. 79, 103587.
Ida, D. and Kaminoyama, K. (2023) "Progressive taxation and optimal monetary policy in a two-country new Keynesian model" International Finance, Vol.26, No.3, pp.260-285.
Ida, D. (2023) "The effect of real money balances on international monetary policy transmission, " Journal of International Money and Finance, Vol.139, 102964. Paper Appendix 1 Appendix 2
Ida, D. and Okano, M. (2023) " International heterogeneity of nominal wages and optimal monetary policy," International Finance, Vol. 26, No. 2, pp.112-138. Appendix
Ida, D. (2023) "Liquidity-constrained consumers and optimal monetary policy in a currency union," Journal of International Money and Finance, Vol.131, 102787. Paper Appendix
Ida, D. and Okano, M. (2023) "Optimal monetary policy delegation in a small-open new Keynesian model with robust control," Economic Modelling, Vol.120, 106154.
Ida, D. (2023) "Cost channel, determinacy, and monetary policy in a two-country new Keynesian model," Economic Modelling, Vol.119, 106112.
Ida, D. and Okano, M. (2021) "Delegating optimal monetary policy inertia in a small open economy," The B.E. Journal of Macroeconomics, Vol. 21, No. 2, pp.473-507 (Working paper version)
Ida, D. (2020) "Sectoral inflation persistence and optimal monetary policy," Journal of Macroeconomics, Vol.65, No.C, 103215. ( Working paper version )
Ida, D. (2019) "Cross-checking monetary policy and equilibrium determinacy under interest rate stabilization," Economics Letters, Vol. 179, pp.75-77.
Ida, D. (2014) "Role of financial systems in a sticky price model," Journal of Economics and Business, Vol.72, No.C, pp.44-57.
Ida, D. (2013) "Tobin's Q channel and monetary policy rules under incomplete exchange rate pass-through," Economic Modelling, Vol.33, No.C, pp.733-740.
Ida, D. (2013) "The gain from commitment in a two-country economy with inflation persistence," Japan and the World Economy, Vol.27, No.C, pp.58-69.
Ida, D. (2013) "Public debt and inflation dynamics in a sticky price model," International Journal of Business, Vol.18, No.4, pp.351-359.
Ida, D. (2013) "Optimal monetary policy rules in a two-country economy with a zero bound on nominal interest rates," The North American Journal of Economics and Finance, Vol.24, No.C, pp.223-242.
Ida, D. (2012) "Optimal monetary policy in an economy with real rigidity," Economics Bulletin, Vol.32, No.3, pp. 2281-2292.
Ida, D. (2011) "Monetary policy and asset prices in an open economy," The North American Journal of Economics and Finance, Vol.22, No.2, pp.102-117.
Ida, D. (2011) "The gains from commitment when inflation persistence and data uncertainty coexist," Economics Bulletin, Vol.31, No.1, pp. 388-395.
Working Papers
Ida, D. (2025) "Unemployment hysteresis and monetary policy in a currency union" Coming Soon!
Ida, D. (2025) "Inequality channel of monetary policy in a currency union" SSRN Paper 5359141. Submitted
Ida, D. (2025) "Loan rate heterogeneity and monetary policy in a currency union" Submitted
Ida, D., Hanabusa, K., and Fukuda, K. (2025) "Trade balance and exchange rate dynamics: J-curve phenomenon revisit" Submitted
Ida, D. and Asami, T. (2025) "Household heterogeneity and endogenous growth in a new Keynesian model" SSRN Paper 5232409. Submitted
Ida, D. and Okano, M. (2024) "Government spending and implementation lags in a model with a cost channel" SSRN Paper 4900696. Submitted
Ida, D. and Iiboshi, H. (2024) "The international forward guidance transmission under a global liquidity trap" arXiv preprint arXiv:2103.12503.
(The previous title of this paper was “The interaction of forward guidance in a two-country new Keynesian model.")
Ida, D., Okano, M., and Hoshino, S. (2024) "A note on stock price dynamics and monetary policy rule in a small-open economy" MPRA Paper 121050.
Ida, D. (2022) "Robust control and delegating optimal monetary policy under incomplete exchange rate pass-through," Momoyama Gakuin University Discussion Paper No.20.
Ida, D. (2020) "Asset price stabilization and cost channel in a two-country new Keynesian model ," Momoyama Gakuin University Discussion Paper No.14.
Ida, D. (2019) "Trends in loan rates and monetary policy in a sticky price model," Momoyama Gakuin University Discussion Paper No.9.
Ida, D. (2018) "Cross-checking monetary policy rule and equilibrium determinacy," Momoyama Gakuin University Discussion Paper No.8.
Ida, D. and Okano, M. (2018) "Delegating nominal income growth targeting in a small-open economy," Momoyama Gakuin University Discussion Paper No.6.
Ida, D. (2015) "On the determinacy condition in the new Keynesian model: The role of deposit rate pass-through," Momoyama Gakuin University Discussion Paper No.2.
Ida, D. (2015) "Monetary policy in a two-country model with financial market imperfections," Momoyama Gakuin University Discussion Paper No.1.
Okano, M., Ida, D., Kitano, S., and Matsubayashi, Y. (2015) "Development of a regional DSGE model in Japan: Empirical evidence of economic stagnation in the Kansai Economy," APIR Discussion Paper Series No.38, Asia Pacific Institute of Research.
Work in Progress
"Inflation dynamics and optimal monetary policy in an environmental new Keynesian model"
"Labor mobility, inequality and monetary policy in a currency union"
"Tax progressivity, redistribution, and monetary policy"
"Sectoral inflation dynamics and optimal monetary policy in a behavioral new Keynesian model"
"Endogenous growth and monetary policy in a small-open economy" (with Tatsuya Asami)
"Monetary policy rules, stock price dynamics, and exchange rate pass-through" (with Satoshi Hoshino)
"Sectoral inflation dynamics and determinacy in a behavioral new Keynesian model" (with Mitsuhiro Okano)
"Monetary policy coordination under international heterogeneity of inflation persistence" (with Mitsuhiro Okano)
"Liquidity constraints, staggered loan contracts, and optimal monetary policy (with Mitsuhiro Okano)"
Referee Experience
Applied Economics, Applied Economics Letters (2), B.E. Journal of Macroeconomics, Contemporary Economic Policy, Economica, Economic Modelling (6), Emerging Markets Finance and Trade, Energy Economics, Economics Bulletin, International Finance, International Review of Economics and Finance (3), International Review of Financial Analysis, Journal of Economic Behavior and Organization, Journal of International Money and Finance (2), Journal of International Trade and Economic Development, Journal of the Japanese and International Economies, Journal of Macroeconomics, Journal of Money, Credit, and Banking, Macroeconomic Dynamics, North American Journal of Economics and Finance, Quarterly Review of Economics and Finance
Last update: September 16, 2025