Banking, Unconventional Monetary Policy, Uncertainty, Japanese Economy, Religious Economics
Articles in Refereed Journals
An Extremely Low Interest Rate Policy and the Shape of the Japanese Money
A Nonlinear Cointegration Approach, 2009, Macroeconomic Dynamics, 13, 553-579, data and
Ideal and Real Japanese Monetary Policy: A Comparative Analysis of Actual
and Optimal Policy
Measures, 2008, The Japanese Economic Review, Vol 59, 345-369.
The Bank of Japan's Operating Procedures and the Identification of the
Monetary Policy Shocks:
A Reexamination Using the Bernanke-Mihov Approach, 2006, Journal of the Japanese and
International Economies, Vol.20, 406-433.
Work in Progress
Uncertainty and Investment-Cash Flow Insensitivity: Evidence on Cautionary
(with Masayo Kani).
The Impacts of Strengthening Regulatory Surveillance on Bank Behavior:
A Dynamic Analysis
from Incomplete to Complete Enforcement of Capital Regulation in Microprudential Policy
(with Toshiaki Ogawa).
The Interaction Effects in a Nonlinear Specification of Bank Lending: A
Reexamination of the Peek and Rosengren (2005) Results on "Unnatural Selection"
(with Hitoshi Inoue and Koji Takahashi).
"The awareness of the ambiguity of one's highest achievements
as well as one's deepest failures is a definite symptom of maturity"
－ Paul Tillich