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Details about Takushi Kurozumi

Workplace:Bank of Japan, (more information at EDIRC)

Access statistics for papers by Takushi Kurozumi.

Last updated 2024-07-05. Update your information in the RePEc Author Service.

Short-id: pku88


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Working Papers

2023

  1. A Theory of Intrinsic Inflation Persistence
    Bank of Japan Working Paper Series, Bank of Japan Downloads View citations (1)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2016) Downloads View citations (1)
    Working Papers, Federal Reserve Bank of Cleveland (2019) Downloads View citations (4)

    See also Journal Article A Theory of Intrinsic Inflation Persistence, Journal of Money, Credit and Banking, Blackwell Publishing (2023) Downloads (2023)
  2. Heterogeneity and Wage Growth of Full-time Workers in Japan: An Empirical Analysis Using Micro Data
    Bank of Japan Working Paper Series, Bank of Japan Downloads
  3. Online Appendix to "Inflation Gap Persistence, Indeterminacy, and Monetary Policy"
    Online Appendices, Review of Economic Dynamics Downloads
    See also Journal Article Inflation Gap Persistence, Indeterminacy, and Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) Downloads (2023)

2022

  1. A Comparison of Japanese and US New Keynesian Phillips Curves with Bayesian VAR-GMM
    Bank of Japan Working Paper Series, Bank of Japan Downloads
  2. Sticky Information Versus Sticky Prices Revisited: A Bayesian VAR-GMM Approach
    Working Papers, Federal Reserve Bank of Cleveland Downloads

2021

  1. Inflation Gap Persistence, Indeterminacy, and Monetary Policy
    Working Papers, Federal Reserve Bank of Cleveland Downloads 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) Downloads (2023)
  2. Macroeconomic Changes with Declining Trend Inflation: Complementarity with the Superstar Firm Hypothesis
    Bank of Japan Working Paper Series, Bank of Japan Downloads
    Also in Working Papers, Federal Reserve Bank of Cleveland (2020) Downloads

    See also Journal Article Macroeconomic changes with declining trend inflation: Complementarity with the superstar firm hypothesis, European Economic Review, Elsevier (2022) Downloads (2022)

2020

  1. Labor Supply Shocks, Labor Force Entry, and Monetary Policy
    Working Papers, Federal Reserve Bank of Cleveland Downloads
  2. Monetary Policy and Macroeconomic Stability Revisited
    Bank of Japan Working Paper Series, Bank of Japan Downloads View citations (17)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2017) Downloads View citations (22)
    Working Papers, Federal Reserve Bank of Cleveland (2019) Downloads View citations (5)
    2018 Meeting Papers, Society for Economic Dynamics (2018) Downloads View citations (9)

    See also Journal Article Monetary Policy and Macroeconomic Stability Revisited, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) Downloads View citations (18) (2020)
  3. Output-Inflation Trade-offs and the Optimal Inflation Rate
    Working Papers, Federal Reserve Bank of Cleveland Downloads View citations (6)
    See also Journal Article Output-inflation trade-offs and the optimal inflation rate, Journal of Economic Dynamics and Control, Elsevier (2024) Downloads (2024)

2019

  1. Identifying News Shocks with Forecast Data
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas Downloads View citations (5)
    Also in CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2012) Downloads View citations (16)

    See also Journal Article IDENTIFYING NEWS SHOCKS WITH FORECAST DATA, Macroeconomic Dynamics, Cambridge University Press (2021) Downloads View citations (2) (2021)

2018

  1. Slow Post-Financial Crisis Recovery and Monetary Policy
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas Downloads
    Also in UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics (2014) Downloads View citations (23)
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2014) Downloads View citations (23)
    Working Papers, Tokyo Center for Economic Research (2014) Downloads View citations (24)

    See also Journal Article Slow Post-financial Crisis Recovery and Monetary Policy, American Economic Journal: Macroeconomics, American Economic Association (2019) Downloads View citations (21) (2019)

2017

  1. Trend Inflation and Evolving Inflation Dynamics: A Bayesian GMM Analysis of the Generalized New Keynesian Phillips Curve
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads View citations (4)
    See also Journal Article Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) Downloads (2023)
    Software Item Code and data files for "Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis", Computer Codes, Review of Economic Dynamics (2023) Downloads (2023)

2015

  1. Monetary Policy: Its Effects and Implementation: Summary of the 2015 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads
    See also Journal Article Monetary Policy: Its Effects and Implementation: Summary of the 2015 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2015) Downloads (2015)
  2. 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 Downloads View citations (5)
  3. What Makes Post-Financial-Crisis Recoveries So Slow? An Investigation of Implications for Monetary Policy Conduct
    Bank of Japan Research Laboratory Series, Bank of Japan Downloads

2014

  1. A pitfall of expectational stability analysis
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (2)

2013

  1. Kinked demand curves, the natural rate hypothesis, and macroeconomic stability
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (9)
    See also Journal Article Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) Downloads View citations (18) (2016)
  2. The International Finance Multiplier in Business Cycle Fluctuations
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan Downloads

2012

  1. Firm-specific labor, trend inflation, and equilibrium stability
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (6)
    See also Journal Article TREND INFLATION AND EQUILIBRIUM STABILITY: FIRM-SPECIFIC VERSUS HOMOGENEOUS LABOR, Macroeconomic Dynamics, Cambridge University Press (2017) Downloads View citations (13) (2017)

2011

  1. Changes in the Federal Reserve Communication Strategy: A Structural Investigation
    Bank of Japan Working Paper Series, Bank of Japan Downloads 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) Downloads View citations (8) (2017)
  2. Do investment-specific technological changes matter for business fluctuations? Evidence from Japan
    MPRA Paper, University Library of Munich, Germany Downloads View citations (6)
    Also in Bank of Japan Working Paper Series, Bank of Japan (2010) Downloads 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) Downloads View citations (29) (2012)
  3. Inflation dynamics and labor market specifications: a Bayesian DSGE approach for Japan's economy
    MPRA Paper, University Library of Munich, Germany Downloads
    Also in Bank of Japan Working Paper Series, Bank of Japan (2008) Downloads View citations (12)

    See also Journal Article INFLATION DYNAMICS AND LABOR MARKET SPECIFICATIONS: A BAYESIAN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM APPROACH FOR JAPAN'S ECONOMY, Economic Inquiry, Western Economic Association International (2013) Downloads View citations (14) (2013)

2010

  1. Determinacy under inflation targeting interest rate policy in a sticky price model with investment (and labor bargaining)
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads
    See also Journal Article Determinacy under Inflation Targeting Interest Rate Policy in a Sticky Price Model with Investment (and Labor Bargaining), Journal of Money, Credit and Banking, Blackwell Publishing (2011) Downloads (2011)
  2. Labor market search, the Taylor principle, and indeterminacy
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (17)
    Also in Research Working Paper, Federal Reserve Bank of Kansas City (2008) Downloads View citations (9)

    See also Journal Article Labor market search, the Taylor principle, and indeterminacy, Journal of Monetary Economics, Elsevier (2010) Downloads View citations (17) (2010)
  3. Learning about monetary policy rules when labor market search and matching frictions matter
    Research Working Paper, Federal Reserve Bank of Kansas City Downloads View citations (1)
    See also Journal Article Learning about monetary policy rules when labor market search and matching frictions matter, Journal of Economic Dynamics and Control, Elsevier (2012) Downloads View citations (9) (2012)
  4. Sources of Business Fluctuations: Financial or Technology Shocks?
    Bank of Japan Working Paper Series, Bank of Japan Downloads View citations (12)
    See also Journal Article Sources of Business Fluctuations: Financial or Technology Shocks?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) Downloads View citations (37) (2014)

2008

  1. Endogenous Nominal Rigidities and Monetary Policy
    Bank of Japan Working Paper Series, Bank of Japan Downloads View citations (2)
    See also Journal Article Endogenous nominal rigidities and monetary policy, Journal of Monetary Economics, Elsevier (2010) Downloads View citations (11) (2010)

2006

  1. Determinacy and Expectational Stability of Equilibrium in a Monetary Sticky-Price Model with Taylor Rule
    Bank of Japan Working Paper Series, Bank of Japan Downloads View citations (38)
    See also Journal Article Determinacy and expectational stability of equilibrium in a monetary sticky-price model with Taylor rule, Journal of Monetary Economics, Elsevier (2006) Downloads View citations (39) (2006)
  2. The New Estimates of Output Gap and Potential Growth Rate
    Bank of Japan Review Series, Bank of Japan Downloads View citations (28)

2003

  1. Optimal monetary policy in a micro-founded model with parameter uncertainty
    Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) Downloads View citations (12)
    See also Journal Article Optimal monetary policy in a micro-founded model with parameter uncertainty, Journal of Economic Dynamics and Control, Elsevier (2007) Downloads View citations (32) (2007)

Journal Articles

2024

  1. Output-inflation trade-offs and the optimal inflation rate
    Journal of Economic Dynamics and Control, 2024, 164, (C) Downloads
    See also Working Paper Output-Inflation Trade-offs and the Optimal Inflation Rate, Working Papers (2020) Downloads View citations (6) (2020)

2023

  1. A Theory of Intrinsic Inflation Persistence
    Journal of Money, Credit and Banking, 2023, 55, (8), 1961-2000 Downloads
    See also Working Paper A Theory of Intrinsic Inflation Persistence, Bank of Japan Working Paper Series (2023) Downloads View citations (1) (2023)
  2. Inflation Gap Persistence, Indeterminacy, and Monetary Policy
    Review of Economic Dynamics, 2023, 51, 867-887 Downloads
    See also Software Item Code and data files for "Inflation Gap Persistence, Indeterminacy, and Monetary Policy", Computer Codes (2023) Downloads (2023)
    Working Paper Online Appendix to "Inflation Gap Persistence, Indeterminacy, and Monetary Policy", Online Appendices (2023) Downloads (2023)
    Working Paper Inflation Gap Persistence, Indeterminacy, and Monetary Policy, Working Papers (2021) Downloads View citations (2) (2021)
  3. Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis
    Review of Economic Dynamics, 2023, 51, 506-520 Downloads
    See also Working Paper Trend Inflation and Evolving Inflation Dynamics: A Bayesian GMM Analysis of the Generalized New Keynesian Phillips Curve, IMES Discussion Paper Series (2017) Downloads View citations (4) (2017)
    Software Item Code and data files for "Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis", Computer Codes (2023) Downloads (2023)

2022

  1. How Should Monetary Policy Respond to a Contraction in Labor Supply?
    Economic Commentary, 2022, 2022, (13), 5 Downloads
  2. Macroeconomic changes with declining trend inflation: Complementarity with the superstar firm hypothesis
    European Economic Review, 2022, 141, (C) Downloads
    See also Working Paper Macroeconomic Changes with Declining Trend Inflation: Complementarity with the Superstar Firm Hypothesis, Bank of Japan Working Paper Series (2021) Downloads (2021)

2021

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

2020

  1. Monetary Policy and Macroeconomic Stability Revisited
    Review of Economic Dynamics, 2020, 37, 255-274 Downloads View citations (18)
    See also Software Item Code and data files for "Monetary Policy and Macroeconomic Stability Revisited", Computer Codes (2020) Downloads (2020)
    Working Paper Monetary Policy and Macroeconomic Stability Revisited, Bank of Japan Working Paper Series (2020) Downloads View citations (17) (2020)

2019

  1. Slow Post-financial Crisis Recovery and Monetary Policy
    American Economic Journal: Macroeconomics, 2019, 11, (4), 82-112 Downloads View citations (21)
    See also Working Paper Slow Post-Financial Crisis Recovery and Monetary Policy, Globalization Institute Working Papers (2018) Downloads (2018)

2018

  1. Why Has Inflation Persistence Declined?
    Macro Bulletin, 2018, 1-3 Downloads View citations (2)

2017

  1. Changes in the Federal Reserve Communication Strategy: A Structural Investigation
    Journal of Money, Credit and Banking, 2017, 49, (1), 171-185 Downloads View citations (8)
    See also Working Paper Changes in the Federal Reserve Communication Strategy: A Structural Investigation, Bank of Japan Working Paper Series (2011) Downloads View citations (7) (2011)
  2. TREND INFLATION AND EQUILIBRIUM STABILITY: FIRM-SPECIFIC VERSUS HOMOGENEOUS LABOR
    Macroeconomic Dynamics, 2017, 21, (4), 947-981 Downloads View citations (13)
    See also Working Paper Firm-specific labor, trend inflation, and equilibrium stability, Research Working Paper (2012) Downloads View citations (6) (2012)

2016

  1. Endogenous Price Stickiness, Trend Inflation, and Macroeconomic Stability
    Journal of Money, Credit and Banking, 2016, 48, (6), 1267-1291 Downloads View citations (22)
  2. Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability
    Review of Economic Dynamics, 2016, 20, 240-257 Downloads View citations (18)
    See also Working Paper Kinked demand curves, the natural rate hypothesis, and macroeconomic stability, Research Working Paper (2013) Downloads View citations (9) (2013)
    Software Item Code and data files for "Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability", Computer Codes (2015) Downloads (2015)
  3. Monetary Policy and Asset Price Booms: A Step Towards a Synthesis
    International Finance, 2016, 19, (1), 23-41 Downloads View citations (1)

2015

  1. Monetary Policy: Its Effects and Implementation: Summary of the 2015 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan
    Monetary and Economic Studies, 2015, 33, 1-24 Downloads
    See also Working Paper Monetary Policy: Its Effects and Implementation: Summary of the 2015 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan, IMES Discussion Paper Series (2015) Downloads (2015)

2014

  1. Sources of Business Fluctuations: Financial or Technology Shocks?
    Review of Economic Dynamics, 2014, 17, (2), 224-242 Downloads View citations (37)
    See also Working Paper Sources of Business Fluctuations: Financial or Technology Shocks?, Bank of Japan Working Paper Series (2010) Downloads View citations (12) (2010)
    Software Item Code and data files for "Sources of Business Fluctuations: Financial or Technology Shocks?", Computer Codes (2013) Downloads (2013)
  2. Trend inflation, sticky prices, and expectational stability
    Journal of Economic Dynamics and Control, 2014, 42, (C), 175-187 Downloads View citations (17)
  3. What caused Japan’s Great Stagnation in the 1990s? Evidence from an estimated DSGE model
    Journal of the Japanese and International Economies, 2014, 34, (C), 217-235 Downloads View citations (22)

2013

  1. Financial Crises and the Global Financial System: Summary of the 2013 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan
    Monetary and Economic Studies, 2013, 31, 1-20 Downloads
  2. INFLATION DYNAMICS AND LABOR MARKET SPECIFICATIONS: A BAYESIAN DYNAMIC STOCHASTIC GENERAL EQUILIBRIUM APPROACH FOR JAPAN'S ECONOMY
    Economic Inquiry, 2013, 51, (1), 273-287 Downloads View citations (14)
    See also Working Paper Inflation dynamics and labor market specifications: a Bayesian DSGE approach for Japan's economy, MPRA Paper (2011) Downloads (2011)

2012

  1. DO INVESTMENT-SPECIFIC TECHNOLOGICAL CHANGES MATTER FOR BUSINESS FLUCTUATIONS? EVIDENCE FROM JAPAN
    Pacific Economic Review, 2012, 17, (2), 208-230 Downloads View citations (29)
    See also Working Paper Do investment-specific technological changes matter for business fluctuations? Evidence from Japan, MPRA Paper (2011) Downloads View citations (6) (2011)
  2. Learning about monetary policy rules when labor market search and matching frictions matter
    Journal of Economic Dynamics and Control, 2012, 36, (4), 523-535 Downloads View citations (9)
    See also Working Paper Learning about monetary policy rules when labor market search and matching frictions matter, Research Working Paper (2010) Downloads View citations (1) (2010)
  3. Sustainability, flexibility, and inflation targeting
    Economics Letters, 2012, 114, (1), 80-82 Downloads View citations (3)

2011

  1. Determinacy under Inflation Targeting Interest Rate Policy in a Sticky Price Model with Investment (and Labor Bargaining)
    Journal of Money, Credit and Banking, 2011, 43, (5), 1019-1033 Downloads
    Also in Journal of Money, Credit and Banking, 2011, 43, (5), 1019-1033 (2011) View citations (1)

    See also Working Paper Determinacy under inflation targeting interest rate policy in a sticky price model with investment (and labor bargaining), Research Working Paper (2010) Downloads (2010)

2010

  1. Distortionary taxation and interest rate policy
    Journal of Macroeconomics, 2010, 32, (1), 476-491 Downloads View citations (6)
  2. Endogenous nominal rigidities and monetary policy
    Journal of Monetary Economics, 2010, 57, (8), 1038-1048 Downloads View citations (11)
    See also Working Paper Endogenous Nominal Rigidities and Monetary Policy, Bank of Japan Working Paper Series (2008) Downloads View citations (2) (2008)
  3. Labor market search, the Taylor principle, and indeterminacy
    Journal of Monetary Economics, 2010, 57, (7), 851-858 Downloads View citations (17)
    See also Working Paper Labor market search, the Taylor principle, and indeterminacy, Research Working Paper (2010) Downloads View citations (17) (2010)
  4. OPTIMAL MONETARY POLICY UNDER PARAMETER UNCERTAINTY IN A SIMPLE MICROFOUNDED MODEL
    Macroeconomic Dynamics, 2010, 14, (2), 257-268 Downloads View citations (7)

2008

  1. Investment, interest rate policy, and equilibrium stability
    Journal of Economic Dynamics and Control, 2008, 32, (5), 1489-1516 Downloads View citations (43)
  2. Optimal sustainable monetary policy
    Journal of Monetary Economics, 2008, 55, (7), 1277-1289 Downloads View citations (50)

2007

  1. Optimal monetary policy in a micro-founded model with parameter uncertainty
    Journal of Economic Dynamics and Control, 2007, 31, (2), 399-431 Downloads View citations (32)
    See also Working Paper Optimal monetary policy in a micro-founded model with parameter uncertainty, Finance and Economics Discussion Series (2003) Downloads View citations (12) (2003)

2006

  1. Determinacy and expectational stability of equilibrium in a monetary sticky-price model with Taylor rule
    Journal of Monetary Economics, 2006, 53, (4), 827-846 Downloads View citations (39)
    See also Working Paper Determinacy and Expectational Stability of Equilibrium in a Monetary Sticky-Price Model with Taylor Rule, Bank of Japan Working Paper Series (2006) Downloads View citations (38) (2006)

2005

  1. Determinacy, learnability, and discretionary policy
    Economics Letters, 2005, 87, (2), 181-185 Downloads View citations (4)

2004

  1. Effectiveness of history-dependent monetary policy
    Journal of the Japanese and International Economies, 2004, 18, (3), 330-361 Downloads View citations (14)

Software Items

2023

  1. Code and data files for "Inflation Gap Persistence, Indeterminacy, and Monetary Policy"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article Inflation Gap Persistence, Indeterminacy, and Monetary Policy, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) Downloads (2023)
  2. Code and data files for "Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article Trend Inflation and Evolving Inflation Dynamics:A Bayesian GMM Analysis, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2023) Downloads (2023)
    Working Paper Trend Inflation and Evolving Inflation Dynamics: A Bayesian GMM Analysis of the Generalized New Keynesian Phillips Curve, IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2017) Downloads View citations (4) (2017)

2020

  1. Code and data files for "Monetary Policy and Macroeconomic Stability Revisited"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article Monetary Policy and Macroeconomic Stability Revisited, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2020) Downloads View citations (18) (2020)

2015

  1. Code and data files for "Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) Downloads View citations (18) (2016)

2013

  1. Code and data files for "Sources of Business Fluctuations: Financial or Technology Shocks?"
    Computer Codes, Review of Economic Dynamics Downloads
    See also Journal Article Sources of Business Fluctuations: Financial or Technology Shocks?, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) Downloads View citations (37) (2014)
 
Page updated 2024-07-14