Details about Yasuo Hirose

Access statistics for papers by Yasuo Hirose.

Last updated 2025-01-06. Update your information in the RePEc Author Service.

Short-id: phi84

Working Papers

2024

1. Connecting Exchange Rates to Fundamentals Under Indeterminacy
   Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University

2023

2. Online Appendix to "Inflation Gap Persistence, Indeterminacy, and Monetary Policy"
   Online Appendices, Review of Economic Dynamics
   See also Journal Article Inflation Gap Persistence, Indeterminacy, and Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) (2023)

2022

3. Estimating a Behavioral New Keynesian Model with the Zero Lower Bound
   CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo
   See also Journal Article Estimating a Behavioral New Keynesian Model with the Zero Lower Bound, Journal of Money, Credit and Banking, Blackwell Publishing (2024) (2024)

2021

4. Exchange Rate Disconnect and the General Equilibrium Puzzle
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2021)
5. Inflation Gap Persistence, Indeterminacy, and Monetary Policy
   Working Papers, Federal Reserve Bank of Cleveland View citations (2)
   See also Journal Article Inflation Gap Persistence, Indeterminacy, and Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) (2023)

2020

6. Monetary Policy and Macroeconomic Stability Revisited
   Bank of Japan Working Paper Series, Bank of Japan View citations (19)
   Also in Working Papers, Federal Reserve Bank of Cleveland (2019) View citations (5)
   2018 Meeting Papers, Society for Economic Dynamics (2018) View citations (9)
   Research Working Paper, Federal Reserve Bank of Kansas City (2017) View citations (22)
   See also Journal Article Monetary Policy and Macroeconomic Stability Revisited, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (20) (2020)

2019

7. Identifying News Shocks with Forecast Data
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (5)
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2012) View citations (16)
   See also Journal Article IDENTIFYING NEWS SHOCKS WITH FORECAST DATA, Macroeconomic Dynamics, Cambridge University Press (2021) View citations (2) (2021)
8. The Natural Rate of Interest in a Nonlinear DSGE Model
   Working Papers, Tokyo Center for Economic Research View citations (3)
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2017) View citations (7)
   See also Journal Article The Natural Rate of Interest in a Non-linear DSGE Model, International Journal of Central Banking, International Journal of Central Banking (2023) View citations (1) (2023)

2018

9. An Estimated DSGE Model with a Deflation Steady State
   Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University View citations (3)
   Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2014) View citations (28)
   UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics (2014) View citations (17)
   See also Journal Article AN ESTIMATED DSGE MODEL WITH A DEFLATION STEADY STATE, Macroeconomic Dynamics, Cambridge University Press (2020) View citations (18) (2020)

2016

10. Parameter Bias in an Estimated DSGE Model
    Working Papers, HAL View citations (40)
11. Parameter Bias in an Estimated DSGE Model:Does Nonlinearity Matter?
    UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics View citations (4)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2015) View citations (12)

2015

12. Monetary policy, trend inflation, and the Great Moderation: an alternative interpretation: comment based on system estimation
    Research Working Paper, Federal Reserve Bank of Kansas City View citations (5)

2014

13. The Zero Lower Bound and Parameter Bias in an Estimated DSGE Model
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (3)
    Also in Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics (2014) View citations (12)
    UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics (2013) View citations (6)
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2013) View citations (5)
    Departmental Working Papers, Southern Methodist University, Department of Economics (2013) View citations (12)
    TERG Discussion Papers, Graduate School of Economics and Management, Tohoku University (2013) View citations (6)
    DSSR Discussion Papers, Graduate School of Economics and Management, Tohoku University (2013) View citations (6)
    See also Journal Article The Zero Lower Bound and Parameter Bias in an Estimated DSGE Model, Journal of Applied Econometrics, John Wiley & Sons, Ltd. (2016) View citations (41) (2016)

2012

14. Indeterminacy and Forecastability
    CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
    Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2011) View citations (2)
    See also Journal Article Indeterminacy and Forecastability, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (9) (2014)

2011

15. Changes in the Federal Reserve Communication Strategy: A Structural Investigation
    Bank of Japan Working Paper Series, Bank of Japan View citations (7)
    See also Journal Article Changes in the Federal Reserve Communication Strategy: A Structural Investigation, Journal of Money, Credit and Banking, Blackwell Publishing (2017) View citations (8) (2017)
16. Do investment-specific technological changes matter for business fluctuations? Evidence from Japan
    MPRA Paper, University Library of Munich, Germany View citations (6)
    Also in Bank of Japan Working Paper Series, Bank of Japan (2010) View citations (9)
    See also Journal Article DO INVESTMENT-SPECIFIC TECHNOLOGICAL CHANGES MATTER FOR BUSINESS FLUCTUATIONS? EVIDENCE FROM JAPAN, Pacific Economic Review, Wiley Blackwell (2012) View citations (30) (2012)

2010

17. Monetary policy and sunspot fluctuation in the U.S. and the Euro area
    MPRA Paper, University Library of Munich, Germany View citations (6)
    Also in Bank of Japan Working Paper Series, Bank of Japan (2008)

2009

18. Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (44)
    Also in Levine's Working Paper Archive, David K. Levine (2008) View citations (55)
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2008) View citations (34)
    See also Journal Article Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (114) (2011)
19. Identifying the Effect of Bank of Japan's Liquidity Facilities: The Case of CP Operations During Financial Turmoil
    Bank of Japan Working Paper Series, Bank of Japan View citations (2)
20. Identifying the Effect of Bank of Japan's Liquidity Provision on the Year-End Premium: A Structural Approach
    Bank of Japan Working Paper Series, Bank of Japan View citations (3)

2007

21. Structural Estimation of the Output Gap: A Bayesian DSGE Approach for the U.S. Economy
    Bank of Japan Working Paper Series, Bank of Japan View citations (3)

2004

22. The Japanese Economic Model: JEM
    Econometric Society 2004 Far Eastern Meetings, Econometric Society View citations (5)
    Also in Bank of Japan Working Paper Series, Bank of Japan (2004) View citations (5)
    See also Journal Article The Japanese Economic Model (JEM), Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2005) View citations (22) (2005)

2002

23. Time-Varying NAIRU and Potential Growth in Japan
    Bank of Japan Working Paper Series, Bank of Japan View citations (17)

2001

24. A New Technique for Simultaneous Estimation of the Output Gap and Phillips Curve
    Bank of Japan Working Paper Series, Bank of Japan View citations (13)

Journal Articles

2024

1. Estimating a Behavioral New Keynesian Model with the Zero Lower Bound
   Journal of Money, Credit and Banking, 2024, 56, (8), 2185-2197
   See also Working Paper Estimating a Behavioral New Keynesian Model with the Zero Lower Bound, CARF F-Series (2022) (2022)

2023

2. Inflation Gap Persistence, Indeterminacy, and Monetary Policy
   Review of Economic Dynamics, 2023, 51, 867-887
   See also Working Paper Online Appendix to "Inflation Gap Persistence, Indeterminacy, and Monetary Policy", Online Appendices (2023) (2023)
   Working Paper Inflation Gap Persistence, Indeterminacy, and Monetary Policy, Working Papers (2021) View citations (2) (2021)
   Software Item Code and data files for "Inflation Gap Persistence, Indeterminacy, and Monetary Policy", Computer Codes (2023) (2023)
3. The Natural Rate of Interest in a Non-linear DSGE Model
   International Journal of Central Banking, 2023, 19, (1), 301-340 View citations (1)
   See also Working Paper The Natural Rate of Interest in a Nonlinear DSGE Model, Working Papers (2019) View citations (3) (2019)

2021

4. IDENTIFYING NEWS SHOCKS WITH FORECAST DATA
   Macroeconomic Dynamics, 2021, 25, (6), 1442-1471 View citations (2)
   See also Working Paper Identifying News Shocks with Forecast Data, Globalization Institute Working Papers (2019) View citations (5) (2019)

2020

5. AN ESTIMATED DSGE MODEL WITH A DEFLATION STEADY STATE
   Macroeconomic Dynamics, 2020, 24, (5), 1151-1185 View citations (18)
   See also Working Paper An Estimated DSGE Model with a Deflation Steady State, Keio-IES Discussion Paper Series (2018) View citations (3) (2018)
6. Monetary Policy and Macroeconomic Stability Revisited
   Review of Economic Dynamics, 2020, 37, 255-274 View citations (20)
   See also Software Item Code and data files for "Monetary Policy and Macroeconomic Stability Revisited", Computer Codes (2020) (2020)
   Working Paper Monetary Policy and Macroeconomic Stability Revisited, Bank of Japan Working Paper Series (2020) View citations (19) (2020)

2019

7. Review of Solution and Estimation Methods for Nonlinear Dynamic Stochastic General Equilibrium Models with the Zero Lower Bound
   The Japanese Economic Review, 2019, 70, (1), 51-104 View citations (6)
   Also in The Japanese Economic Review, 2019, 70, (1), 51-104 (2019) View citations (5)

2017

8. Changes in the Federal Reserve Communication Strategy: A Structural Investigation
   Journal of Money, Credit and Banking, 2017, 49, (1), 171-185 View citations (8)
   See also Working Paper Changes in the Federal Reserve Communication Strategy: A Structural Investigation, Bank of Japan Working Paper Series (2011) View citations (7) (2011)

2016

9. The Zero Lower Bound and Parameter Bias in an Estimated DSGE Model
   Journal of Applied Econometrics, 2016, 31, (4), 630-651 View citations (41)
   See also Working Paper The Zero Lower Bound and Parameter Bias in an Estimated DSGE Model, IMES Discussion Paper Series (2014) View citations (3) (2014)

2014

10. Indeterminacy and Forecastability
    Journal of Money, Credit and Banking, 2014, 46, (1), 243-251 View citations (9)
    See also Working Paper Indeterminacy and Forecastability, CAMA Working Papers (2012) (2012)

2013

11. MONETARY POLICY AND SUNSPOT FLUCTUATIONS IN THE UNITED STATES AND THE EURO AREA
    Macroeconomic Dynamics, 2013, 17, (1), 1-28 View citations (20)

2012

12. DO INVESTMENT-SPECIFIC TECHNOLOGICAL CHANGES MATTER FOR BUSINESS FLUCTUATIONS? EVIDENCE FROM JAPAN
    Pacific Economic Review, 2012, 17, (2), 208-230 View citations (30)
    See also Working Paper Do investment-specific technological changes matter for business fluctuations? Evidence from Japan, MPRA Paper (2011) View citations (6) (2011)
13. The effects of Bank of Japan’s liquidity provision on the year-end premium
    Journal of the Japanese and International Economies, 2012, 26, (1), 179-185 View citations (3)

2011

14. Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach
    Journal of Money, Credit and Banking, 2011, 43, (1), 1-29 View citations (114)
    Also in Journal of Money, Credit and Banking, 2011, 43, (1), 1-29 (2011) View citations (19)
    See also Working Paper Can News Be a Major Source of Aggregate Fluctuations? A Bayesian DSGE Approach, Vanderbilt University Department of Economics Working Papers (2009) View citations (44) (2009)

2010

15. Identifying the Effect of the Bank of Japan's Liquidity Facilities: The Case of Commercial Paper Operations During the Financial Turmoil
    International Finance, 2010, 13, (3), 461-483 View citations (5)
16. STRUCTURAL ESTIMATION OF THE OUTPUT GAP: A BAYESIAN DSGE APPROACH
    Economic Inquiry, 2010, 48, (4), 864-879 View citations (6)

2008

17. Equilibrium Indeterminacy and Asset Price Fluctuation in Japan: A Bayesian Investigation
    Journal of Money, Credit and Banking, 2008, 40, (5), 967-999 View citations (35)
    Also in Journal of Money, Credit and Banking, 2008, 40, (5), 967-999 (2008) View citations (3)
18. Erratum to "Sunspot fluctuations under zero nominal interest rates" [Economics Letters 97 (2007) 39-45]
    Economics Letters, 2008, 99, (1), 212-212 View citations (1)
19. Learnability and equilibrium selection under indeterminacy
    Journal of Economic Dynamics and Control, 2008, 32, (11), 3459-3477

2007

20. Sunspot fluctuations ulnder zero nominal interest rates
    Economics Letters, 2007, 97, (1), 39-45 View citations (17)

2005

21. The Japanese Economic Model (JEM)
    Monetary and Economic Studies, 2005, 23, (2), 61-142 View citations (22)
    See also Working Paper The Japanese Economic Model: JEM, Econometric Society 2004 Far Eastern Meetings (2004) View citations (5) (2004)

2003

22. A New Technique for Simultaneous Estimation of Potential Output and the Phillips Curve
    Monetary and Economic Studies, 2003, 21, (2), 93-112 View citations (10)

Software Items

2023

1. Code and data files for "Inflation Gap Persistence, Indeterminacy, and Monetary Policy"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Inflation Gap Persistence, Indeterminacy, and Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) (2023)

2020

2. Code and data files for "Monetary Policy and Macroeconomic Stability Revisited"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Monetary Policy and Macroeconomic Stability Revisited, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) View citations (20) (2020)