Tomohide Mineyama

Research Interests

Monetary economics, Macroeconomics, Macroeconometrics

Contact Information

Economist, International Monetary Fund, Washington, D.C., U.S.

E-mail: tomohide.mineyama[at]gmail.com

Working Papers

• "Revisiting the Optimal Inflation Rate with Downward Nominal Wage Rigidity: The Role of Heterogeneity" (revise and resubmit, Journal of Economic Dynamics and Control)

first draft: March 2018, last update: October 2020.

• "Welfare Consequences of Approximation: When and Where Does Nonlinearity Matter?" (submitted)

last update: April 2021.

• "Downward Nominal Wage Rigidity and Determinacy of Equilibrium" (submitted)

last update: June 2020.

• "Dynamic Priors for VARs," with Dongho Song and Jenny Tang

last update: April 2018, draft upon request.

Publication

• "Downward Nominal Wage Rigidity and Inflation Dynamics during and after the Great Recession" (accepted, Journal of Money, Credit and Banking)

• "Optimal Inflation Rates in a Non-linear New Keynesian Model: The Case of Japan and the U.S.," with Wataru Hirata and Kenji Nishizaki

(accepted, International Journal of Central Banking), working paper version.

Work in Progress

• "The User Cost of Labor: New Evidence from Japan"

Other research work at the Bank of Japan

• "Flattening of the Wage Phillips Curve and Downward Nominal Wage Rigidity: The Japanese Experience in the 2010s"

with Wataru Hirata and Toshitaka Maruyama

Bank of Japan Working Paper Series No.20-E-4, July 2020.

• "Costs and Benefits of Inflation: A Model Analysis of Japan and the U.S."

with Wataru Hirata and Kenji Nishizaki

Bank of Japan Research Laboratory Series No.19-E-2, July 2019.