Research

Publications

IDEAS-RePEc Information

  1. "Mixed Frequency Approaches to Nowcasting GDP: an Application to Japan," with Kyosuke Chikamatsu, Yosuke Kido and Kazuki Otaka, Japan and the World Economy, Volume 57, 2021, 101056.

    • Working paper version is available at "Nowcasting Japanese GDPs," Bank of Japan Working Paper Series 18-E-18, Bank of Japan.

  2. "Empirical Evidence on "Fallacy of Composition": The Case of Japanese Regional Banks," with Yosuke Kido and Jie Liang Thum, International Journal of Central Banking, Volume 16, No. 4, 293-325, September 2020. [Cited by Kevin Stiroh (2018)]

  3. "Financial Frictions, Capital Misallocation, and Structural Change," with Takeki Sunakawa, Journal of Macroeconomics, volume 61, September 2019.

  4. "Chained Credit Contracts and Financial Accelerators," with Nao Sudo and Kozo Ueda, Economic Inquiry, 55(1), 565-579, 2017.

  5. "Japan's Financial Crises and Lost Decades," with Ikuo Takei, Nao Sudo, and Kozo Ueda, Japan and the World Economy, 40, 31-46, 2016. Replication files.

  6. "Capital Injection, Monetary Policy, and Financial Accelerators," with Nao Sudo and Kozo Ueda, International Journal of Central Banking, 9(2), 101-145, 2013.

  7. "Do Banking Shocks Matter for the U.S. Economy?," with Nao Sudo and Kozo Ueda, Journal of Economic Dynamics and Control, 35(12), 2042-2063, 2011.

  8. "The Effects of Oil Price Changes on the Industry-Level Production and Prices in the United States and Japan," with Ichiro Fukunaga and Nao Sudo, NBER Chapters, in: Commodity Prices and Markets, East Asia Seminar on Economics, Volume 20, pages 195-231 National Bureau of Economic Research, 2011.

  9. "Dynamic Aspects of Productivity Spillovers, Terms of Trade, and the “Home Market Effect,” with Ippei Fujiwara, IMF Staff Papers, vol. 56(4), pages 958-969, November, 2009.

  10. "Japanese Monetary Policy during the Collapse of the Bubble Economy: A View of Policymaking under Uncertainty," with Ippei Fujiwara, Naoko Hara, Takeshi Kimura, and Shinichiro Watanabe, Monetary and Economic Studies, vol. 25(2), pages 89-128, November, 2007.

  11. "Monetary Policy in a Liquidity Trap: What Have We Learned, and to What End?," with Ippei Fujiwara, Naoko Hara, Shinichiro Watanabe and Kentaro Yoshimura, International Finance, vol. 8(3), pages 471-508, December, 2005.

Working Papers

  1. Naohisa Hirakata, Kazutoshi Kan, Akihiro Kanafuji, Yosuke Kido, Yui Kishaba, Tomonori Murakoshi and Takeshi Shinohara, 2019. "The Quarterly Japanese Economic Model (Q-JEM): 2019 version," Bank of Japan Working Paper Series 19-E-7, Bank of Japan. Replication files.

  2. Naohisa Hirakata and Yasutaka Koike, 2018. "The Labor Share, Capital-Labor Substitution, and Factor Augmenting Technologies," Bank of Japan Working Paper Series 18-E-20, Bank of Japan.

  3. Hirakata, Naohisa, Iwasaki, Yuto, and Kawai, Masahiro, 2014. "Emerging Economies' Supply Shocks and Japan's Price Deflation: International Transmissions in a Three-Country DSGE Model," ADBI Working Papers 459, Asian Development Bank Institute.

  4. Naohisa Hirakata, Yoshihiko Hogen, and Nao Sudo & Kozo Ueda, 2013. "Heterogeneous bank loan responses to monetary policy and bank capital shocks: a VAR analysis based on Japanese disaggregated data," Globalization and Monetary Policy Institute Working Paper 149, Federal Reserve Bank of Dallas.

  5. Naohisa Hirakata and Takushi Kurozumi, 2013. "The International Finance Multiplier in Business Cycle Fluctuations," IMES Discussion Paper Series 13-E-12, Institute for Monetary and Economic Studies, Bank of Japan.

  6. Naohisa Hirakata and Mitsuru Katagiri, 2013. "Capital Flow, Foreign Direct Investment and Home Market Effect," IMES Discussion Paper Series 13-E-05, Institute for Monetary and Economic Studies, Bank of Japan.

  7. Hiroshi Fujiki, Naohisa Hirakata, and Etsuro Shioji, 2012. "Aging and Household Stockholdings: Evidence from Japanese Household Survey Data," IMES Discussion Paper Series 12-E-17, Institute for Monetary and Economic Studies, Bank of Japan.

  8. Naohisa Hirakata and Nao Sudo, 2009. "Accounting for Oil Price Variation and Weakening Impact of the Oil Crisis," IMES Discussion Paper Series 09-E-01, Institute for Monetary and Economic Studies, Bank of Japan.