Research

Published Papers

Ida, D. (2024) "Household heterogeneity and the price puzzle in a new Keynesian model," Journal of Macroeconomics, Volume 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," 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," 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. (2024) "Inequality channel of monetary policy in a currency union" Coming soon!

Ida, D. and Okano, M. (2024) "Government spending and implementation lags in a model with a cost channel" Coming soon!

Ida, D., Okano, M., and Hoshino, S. (2024) "A note on stock price dynamics and monetary policy rule in a small-open economy"  Coming soon!

Ida, D. (2024) "Optimal monetary policy rules in a behavioral new Keynesian model" Submitted

Ida, D. and Kaminoyama K. (2024) "The effect of a cost channel on monetary policy transmission in a behavioral new Keynesian model" MPRA Paper No.120424. Submitted

Ida, D. (2024) "The neo-Fisherian effect in a new Keynesian model with real money balances" MPRA Paper No.120575. Submitted

Ida, D. and Okano, M. (2023) "Does nominal wage stickiness affect fiscal multiplier in a two-agent new Keynesian model?" MPRA Paper No.117241   Under Revision

Ida, D. (2022) "Robust control and delegating optimal monetary policy under incomplete exchange rate pass-through,"  Momoyama Gakuin University Discussion Paper No.20.

Hoshino, S. and Ida, D. (2021) "Stock prices and monetary policy in Japan:  An analysis of a Bayesian DSGE model",  MPRA Paper No.107301. 

Ida, D. and Iiboshi, H. (2021) "The interaction of forward guidance in a two-country new Keynesian model," MPRA Paper No. 106752. See also here.

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

"Unemployment, hysteresis, and monetary policy in a currency union"

"Inflation dynamics and optimal monetary policy in an environmental new Keynesian model"

"Loan rate heterogeneity and monetary policy in a currency union"

"Labor mobility, inequality and monetary policy in a currency union"

"Monetary policy coordination under international heterogeneity of inflation persistence"  (with Mitsuhiro Okano)

"Wage flexibility and international monetary policy coordination"  (with Mitsuhiro Okano)

"Nonseparable preferences, tax progressivity, and monetary policy"

"Inflation, endogenous growth, and international trade" (with Katsufumi Fukuda)

"Liquidity constraints, staggered loan contracts, and optimal monetary policy"

Referee Experience

Economica, International Finance, Macroeconomic Dynamics, B.E. Journal of Macroeconomics, Journal of International Money and Finance (2), Applied Economics, Journal of International Trade and Economic Development, North American Journal of Economics and Finance, International Review of Economics and Finance (3), Emerging Markets Finance and Trade, Economic Modelling (4), Quarterly Review of Economics and Finance, Economics Bulletin

Last update: May 14, 2024