Details about Shigenori Shiratsuka

Access statistics for papers by Shigenori Shiratsuka.

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

Short-id: psh221

Working Papers

2024

1. On the Source of Seasonality in Price Changes: The Role of Seasonality in Menu Costs
   Working Papers on Central Bank Communication, University of Tokyo, Graduate School of Economics
   Also in CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo (2024)
   Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University (2023)
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2023)
2. Online Appendix: On the Source of Seasonality in Price Changes: The Role of Seasonality in Menu Costs
   Working Papers on Central Bank Communication, University of Tokyo, Graduate School of Economics
3. What Did the Yield Curve Control Policy Do?
   Working Papers, Tokyo Center for Economic Research View citations (1)
4. What Does the Yield Curve Control Policy Do?*
   Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University View citations (1)

2023

5. Toward a More Accurate Measurement of the Consumer Price Index: Reexamination of Longstanding Unresolved Issues
   Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University

2022

6. Was Inflation Observed under the First Wave of the COVID-19 Spread in Japan? Scanner Data Evidence for Retailers in Tokyo
   Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University

2021

7. Central Bank Digital Currency and Financial System
   Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University
8. Lower-Level Substitution Bias in the Japanese Consumer Price Index: Evidence from Government Micro Data
   Discussion Paper Series, Institute of Economic Research, Hitotsubashi University View citations (2)
9. Measuring Robot Quality: Has Quality Improvement Slowed Down?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2021) View citations (1)
10. Monetary Policy Effectiveness under the Ultra-Low Interest Rate Environment: Evidence from Yield Curve Dynamics in Japan
    Keio-IES Discussion Paper Series, Institute for Economics Studies, Keio University View citations (1)
    See also Journal Article Monetary Policy Effectiveness under the Ultra‐Low Interest Rate Environment: Evidence from Yield Curve Dynamics in Japan, Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford (2025) (2025)

2019

11. Central Bank Design under a Continued Low Inflation and Interest Rate Environment Summary of the 2019 BOJ-IMES Conference
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
    See also Journal Article Central Bank Design under a Continued Low Inflation and Interest Rate Environment Summary of the 2019 BOJ-IMES Conference, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2019) (2019)

2018

12. Central Banking in a Changing World Summary of the 2018 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

2017

13. Monetary Policy: Lessons Learned and Challenges Ahead. Summary of the 2017 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
    See also Journal Article Monetary Policy: Lessons Learned and Challenges Ahead Summary of the 2017 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 (2017) (2017)

2015

14. Performances of Core Indicators of Japan fs Consumer Price Index
    Bank of Japan Review Series, Bank of Japan View citations (1)

2011

15. A Macroprudential Perspective in Central Banking
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan

2010

16. Future of Central Banking under Globalization: Summary of the 2010 International 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
    See also Journal Article Future of Central Banking under Globalization: Summary of the 2010 International 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 (2010) (2010)
17. Size and composition of the central bank balance sheet: revisiting Japan's experience of the quantitative easing policy
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (16)
    Also in IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2009) View citations (21)
    See also Journal Article Size and Composition of the Central Bank Balance Sheet: Revisiting Japan's Experience of the Quantitative Easing Policy, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2010) View citations (22) (2010)
18. The Effects of Monetary Policy Commitment: Evidence from Time- varying Parameter VAR Analysis
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (18)

2009

19. Financial System and Monetary Policy Implementation: Summary of the 2009 International 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
20. Macro Stress-Testing on the Loan Portfolio of Japanese Banks
    Bank of Japan Working Paper Series, Bank of Japan View citations (1)

2007

21. Distortions in Resource Allocation and Bank Lending: The Malfunction of Financial Intermediation
    Bank of Japan Working Paper Series, Bank of Japan

2006

22. Core Indicators of Japan's Consumer Price Index
    Bank of Japan Review Series, Bank of Japan View citations (2)

2004

23. Distortions in Factor Markets and Structural Adjustments in the Economy
    Hi-Stat Discussion Paper Series, Institute of Economic Research, Hitotsubashi University View citations (14)
    See also Journal Article Distortions in Factor Markets and Structural Adjustments in the Economy, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (2004) View citations (14) (2004)
24. Policy Duration Effect under Zero Interest Rates: An Application of Wavelet Analysis
    CESifo Working Paper Series, CESifo

1999

25. Asset price fluctuation and price indices
    Working Paper Series, Federal Reserve Bank of Chicago View citations (19)
    See also Journal Article Asset Price Fluctuation and Price Indices, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (1999) View citations (17) (1999)
26. Extracting market expectations from option prices: case studies in Japanese option markets
    Working Paper Series, Federal Reserve Bank of Chicago View citations (7)
    See also Journal Article Extracting Market Expectations from Option Prices: Case Studies in Japanese Option Markets, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (1999) View citations (7) (1999)
27. Measurement errors in Japanese Consumer Price Index
    Working Paper Series, Federal Reserve Bank of Chicago View citations (24)
    See also Journal Article Measurement Errors in the Japanese Consumer Price Index, Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan (1999) View citations (23) (1999)

Journal Articles

2025

1. Monetary Policy Effectiveness under the Ultra‐Low Interest Rate Environment: Evidence from Yield Curve Dynamics in Japan
   Oxford Bulletin of Economics and Statistics, 2025, 87, (1), 98-121
   See also Working Paper Monetary Policy Effectiveness under the Ultra-Low Interest Rate Environment: Evidence from Yield Curve Dynamics in Japan, Keio-IES Discussion Paper Series (2021) View citations (1) (2021)

2023

2. Consumer price measurement under the first wave of the COVID-19 spread in Japan: Scanner data evidence for retailers in Tokyo
   Japan and the World Economy, 2023, 65, (C)

2019

3. Central Bank Design under a Continued Low Inflation and Interest Rate Environment Summary of the 2019 BOJ-IMES Conference
   Monetary and Economic Studies, 2019, 37, 1-16
   See also Working Paper Central Bank Design under a Continued Low Inflation and Interest Rate Environment Summary of the 2019 BOJ-IMES Conference, IMES Discussion Paper Series (2019) (2019)

2018

4. Central Banking in a Changing World A Conference Organized by the Institute for Monetary and Economic Studies, Bank of Japan
   Monetary and Economic Studies, 2018, 36, 1-16

2017

5. Monetary Policy: Lessons Learned and Challenges Ahead Summary of the 2017 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan
   Monetary and Economic Studies, 2017, 35, 1-16
   See also Working Paper Monetary Policy: Lessons Learned and Challenges Ahead. Summary of the 2017 BOJ-IMES Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan, IMES Discussion Paper Series (2017) (2017)

2014

6. Comment on “Product Downsizing and Hidden Price Increases: Evidence from Japan's Deflationary Period”
   Asian Economic Policy Review, 2014, 9, (1), 90-91 View citations (1)

2010

7. Future of Central Banking under Globalization: Summary of the 2010 International Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan
   Monetary and Economic Studies, 2010, 28, 1-16
   See also Working Paper Future of Central Banking under Globalization: Summary of the 2010 International Conference Organized by the Institute for Monetary and Economic Studies of the Bank of Japan, IMES Discussion Paper Series (2010) (2010)
8. Size and Composition of the Central Bank Balance Sheet: Revisiting Japan's Experience of the Quantitative Easing Policy
   Monetary and Economic Studies, 2010, 28, 79-106 View citations (22)
   See also Working Paper Size and composition of the central bank balance sheet: revisiting Japan's experience of the quantitative easing policy, Globalization Institute Working Papers (2010) View citations (16) (2010)

2009

9. 2009 International Conference "Financial System and Monetary Policy Implementation" Summary
   Monetary and Economic Studies, 2009, 27, (1), 1-18

2006

10. Revisiting the Decline in the Exchange Rate Pass-Through: Further Evidence from Japan's Import Prices
    Monetary and Economic Studies, 2006, 24, (1), 61-75 View citations (38)

2004

11. "Challenges for Sustained Economic Growth under Changing Economic, Social, and International Environments," Introduction
    Monetary and Economic Studies, 2004, 22, (S1), 1-8
12. Asset Price Fluctuations, Structural Adjustments, and Sustained Economic Growth: Lessons from Japan's Experience since the Late 1980s
    Monetary and Economic Studies, 2004, 22, (S1), 143-167 View citations (9)
13. Comments on "Price Stability and Japanese Monetary Policy."
    Monetary and Economic Studies, 2004, 22, (3), 25-36 View citations (2)
14. Distortions in Factor Markets and Structural Adjustments in the Economy
    Monetary and Economic Studies, 2004, 22, (2), 71-99 View citations (14)
    See also Working Paper Distortions in Factor Markets and Structural Adjustments in the Economy, Hi-Stat Discussion Paper Series (2004) View citations (14) (2004)
15. On Long-Run Monetary Neutrality in Japan
    Monetary and Economic Studies, 2004, 22, (3), 79-113 View citations (6)
16. Policy commitment and expectation formation: Japan's experience under zero interest rates
    The North American Journal of Economics and Finance, 2004, 15, (1), 75-100 View citations (96)

2003

17. Precautionary Motives versus Waiting Options: Evidence from Aggregate Household Saving in Japan
    Monetary and Economic Studies, 2003, 21, (3), 1-20 View citations (7)
18. The Decline in the Exchange Rate Pass-Through: Evidence from Japanese Import Prices
    Monetary and Economic Studies, 2003, 21, (3), 53-81 View citations (77)

2002

19. Asset Price Bubbles, Price Stability, and Monetary Policy: Japan' s Experience
    Monetary and Economic Studies, 2002, 20, (3), 35-76 View citations (30)
20. Policy Duration Effect under the Zero Interest Rate Policy in 1999-2000: Evidence from Japan's Money Market Data
    Monetary and Economic Studies, 2002, 20, (1), 1-31 View citations (45)

2001

21. "The Role of Monetary Policy under Low Inflation: Deflationary Shocks and Policy Responses," Introduction
    Monetary and Economic Studies, 2001, 19, (S1), 1-8
22. Financial Crises As the Failure of Arbitrage: Implications for Monetary Policy
    Monetary and Economic Studies, 2001, 19, (S1), 239-270 View citations (11)
23. Information Content of Implied Probability Distributions: Empirical Studies of Japanese Stock Price Index Options
    Monetary and Economic Studies, 2001, 19, (3), 143-170 View citations (9)
24. Is There a Desirable Rate of Inflation? A Theoretical and Empirical Survey
    Monetary and Economic Studies, 2001, 19, (2), 49-83 View citations (9)
25. Monetary Policy under Zero Interest Rate: Viewpoints of Central Bank Economists
    Monetary and Economic Studies, 2001, 19, (1), 89-130 View citations (40)
26. Policy Responses to the Post-bubble Adjustments in Japan: A Tentative Review
    Monetary and Economic Studies, 2001, 19, (S1), 53-102 View citations (21)
27. The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons: Background Paper
    Monetary and Economic Studies, 2001, 19, (S1), 395-450 View citations (43)

1999

28. Asset Price Fluctuation and Price Indices
    Monetary and Economic Studies, 1999, 17, (3), 103-128 View citations (17)
    See also Working Paper Asset price fluctuation and price indices, Working Paper Series (1999) View citations (19) (1999)
29. Extracting Market Expectations from Option Prices: Case Studies in Japanese Option Markets
    Monetary and Economic Studies, 1999, 17, (1), 1-43 View citations (7)
    See also Working Paper Extracting market expectations from option prices: case studies in Japanese option markets, Working Paper Series (1999) View citations (7) (1999)
30. Financial Market Globalization: Present and Future
    Monetary and Economic Studies, 1999, 17, (3), 1-40 View citations (3)
31. Measurement Errors in the Japanese Consumer Price Index
    Monetary and Economic Studies, 1999, 17, (3), 69-102 View citations (23)
    See also Working Paper Measurement errors in Japanese Consumer Price Index, Working Paper Series (1999) View citations (24) (1999)
32. Measurement errors and quality-adjustment methodology: lessons from the Japanese CPI
    Economic Perspectives, 1999, 23, (Q II), 2-13 View citations (15)

1997

33. Inflation Measures for Monetary Policy: Measuring the Underlying Inflation Trend and Its Implication for Monetary Policy Implementation
    Monetary and Economic Studies, 1997, 15, (2), 1-26 View citations (28)

1995

34. Automobile Prices and Quality Changes: A Hedonic Price Analysis of Japanese Automobile Market
    Monetary and Economic Studies, 1995, 13, (2), 1-44 View citations (7)
35. Effects of Quality Changes on the Price Index: A Hedonic Approach to the Estimation of a Quality Adjusted Price Index for Personal Computers in Japan
    Monetary and Economic Studies, 1995, 13, (1), 17-52 View citations (3)

Chapters

2005

1. The asset price bubble in Japan in the 1980s: lessons for financial and macroeconomic stability
   A chapter in Real estate indicators and financial stability, 2005, vol. 21, pp 42-62 View citations (8)

2003

2. Zero-Interest-Rate Policy, the Forward-Rate Curve, and Policy-Duration Effect
   Chapter 10 in Japan’s Economic Recovery, 2003, pp 341-374

2001

3. Asset prices, financial stability and monetary policy: based on Japan’s experience of the asset price bubble
   A chapter in Marrying the macro- and micro-prudential dimensions of financial stability, 2001, vol. 01, pp 261-284 View citations (82)