Work in Progress

Work in Progress

 New

• Expecting job replacement by GenAI: effects on workers' economic outlook and behavior (with Y. Aoki, J. S. Park, and Y. Takada). (Previously circulated as "From Perception to Expectation: The Role of GenAI Job Replacement in Shaping Economic Outlooks and Behavioral Views") 2025. BIS working paper No 1269.

• Monetary Policy

Asset Purchasing and YCC

・Effects of monetary policy on corporate debt issuance: Evidence from corporate bond marketing (with S. Takaoka) 

・Yield curve control and corporate debt strategy (with S. Takaoka) 

・Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending. (Appendix), (with Nakashima, K. and Shibamoto, M.).  2019.

Inflation 

・Markups and the asymmetric pass-through of cost push shocks, (with by E. Kharroubi, R. Spigt, D. Igan, and E. Zakrajsek)  2023. BIS Working Paper. 

・ TIPS: The Trend Inflation Projection System and Estimation Results . 2016. Bank of Japan Working Paper Series. 

Negative Interest Rate Policy

・Real Effects of Negative Interest Rates: Micro-Evidence from Japan. (Nakashima, K. ), 2020.

•  ESG

・Mutual Funds and Climate News (with G. Cornelli, L. Gambacorta, and T. Oliviero). 2025. BIS working paper No 1243.

・ Climate news and cross-border lending (with M. J. A. Gravito, D. Igan and J. Demski).

・ The Road to Net-zero: A Mutual Fund Flow Investigation (with L. Chen ). 2024. BIS Working Paper. No. 1220

・ How much do firms need to satisfy employees?  Evidence from credit spreads and online employee reviews (with S. Takaoka)  2023. BIS Working Paper.

•   Innovation and AI

・From Perception to Expectation: The Role of GenAI Job Replacement in Shaping Economic Outlooks and Behavioral Views  (with Y. Aoki, J. S. Park and Y. Takada)

・Generative AI for Surveys on Payment Apps: AI's view on Privacy and Technology (with J. S. Park)

・R&D and Innovation: Evidence from Patent Data  (with Y. Oh), 2020.  Bank of Japan Working Paper Series.

•  Big Data

・Development of "Alternative Data Consumption Index": Nowcasting Private Consumption Using Alternative Data (with T. Okubo, Inatsugu, H., and Takahashi, M.), 2022.  Bank of Japan Working Paper Series.

• Banking

・Financial Interconnectedness, Amplification, and Cross-Border Activity (with Ikeda, D. and Ojima, M.) 2019.  Bank of Japan Working Paper Series.

・ The Emergence of a Parallel World: The Misperception Problem for Bank Balance Sheet Risk and Lending Behavior (with Nakashima, K. ).

・ Bank Loan Supply Shocks and the Real Economy: The case of Japan. 2016.  

・ Nakashima, K. and Takahashi, K., 2016. Comment on Peek and Rosengren (2005) 'Unnatural Selection: Perverse Incentives and the Allocation of Credit in Japan'.