Recent Publications
[1] "Estimating a Behavioral New Keynesian Model with the Zero Lower Bound," (with Yasuo Hirose, Mototsugu Shintani, Kozo Ueda)
Journal of Money, Credit & Banking (forthcoming). DOI: 10.1111/jmcb.13119
[2] "The Nexus between Public Debt and the Government Spending Multiplier: Fiscal Adjustments Matter," (with Yasuharu Iwata)
Oxford Bulletin of Economics and Statistics (2023) Vol. 85 (4) p.830-858.
Previously circulated under the title "Fiscal Adjustments and Debt-Dependent Multipliers: Evidence from the U.S. Time Series,"
[3] “Estimating the Nonlinear New Keynesian Model with the Zero Lower Bound for Japan,” (with Mototsugu Shintani, & Kozo Ueda), Journal of Money, Credit and Banking (2022) Volume 54, Issue 6 p. 1637-1671 MATLAB Codes
[4] "Source of the Great Recession" (with Ryo Hasumi, Tatsuyoshi Matsumae and Shin-Ichi Nishiyama )
Prof. Stelios Markoulis (Eds.) Financial Crises - A selection of Readings , (2019) IntechOpen, DOI: 10.5772/intechopen.90729
GAUSS & MATLAB Codes
[5] “Does a financial accelerator improve forecasts during financial crises? Evidence from Japan with prediction-pooling methods” (2019) (with Ryo Hasumi, Tatsuyoshi Matsumae and Daisuke Nakamura ) Journal of Asian Economics, Elsevier, vol. 60(C), pages 45-68.
MATLAB Codes
[6] "Trends, cycles and lost decades: Decomposition from a DSGE model with endogenous growth," (2018) (with Ryo Hasumi, & Daisuke Nakamura) Japan and the World Economy, Elsevier, vol. 46(C), pages 9-28. MATLAB & Dynare Codes
[7] “A Multiple DSGE-VAR Approach: Priors from a Combination of DSGE models for VARs,” (2016) Japan and the World Economy Vol.40, p1-8 [Lead-off Paper] MATLAB Codes
[8] “Monetary Policy Regime Shifts Under the Zero Lower Bound,” (2016) Economic Modelling, Vol.52(A),p186-205 MATLAB Codes
[9] “Estimating a DSGE Model for Japan in a Data-Rich Environment,” (2015) (with Matsumae. T., Namba, R. and Nishiyama, Shin-Ichi) Journal of the Japanese and International Economies, Vol.36, p25-55 GAUSS & MATLAB Codes