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UnconventionalMonetaryPolicyattheInterestRateLowerBound

Research Project

Project/Area Number 19K24682
Research Category

Fund for the Promotion of Joint International Research (Home-Returning Researcher Development Research)

Allocation TypeMulti-year Fund
Review Section Humanities and Social Sciences
Research InstitutionThe University of Tokyo

Principal Investigator

仲田 泰祐  東京大学, 大学院経済学研究科(経済学部), 准教授 (40867785)

Co-Investigator(Kenkyū-buntansha) 砂川 武貴  一橋大学, 大学院経済学研究科, 講師 (10747223)
Project Period (FY) 2020-04-01 – 2022-03-31
Project Status Discontinued (Fiscal Year 2021)
Budget Amount *help
¥33,540,000 (Direct Cost: ¥25,800,000、Indirect Cost: ¥7,740,000)
Keywords金融政策 / マクロ経済 / ゼロ金利 / 中央銀行 / 最適政策
Outline of Annual Research Achievements

Since the end of 2020, I have shifted my research focus from monetary policy to COVID-19 research and policy analysis, using a variety of approaches one of which is described in Fujii and Nakata (2021).
Building a team of about 20 research assistants, I have worked on a wide range of topics related to COVID-19 from infection prediction to suicides. Most of the analyses were originally written in Japanese for non-technical audience. Recently, I have been converting these original reports into academic papers written in English (Chiba et al. (2022), Beppu et al. (2022), Fujii et al. (2022), Batista et al. (2022)).
I presented many of my analyses at official government meetings, including, but not limited to Tokyo Metropolitan New Coronavirus Monitoring Conference, Expert Round-table Meeting of the Tokyo Organising Committee of the Olympic and Paralympic Games, the Subcommittee on Novel Coronavirus Disease Control, and the Advisory Committee on the Basic Action Policy, Advisory Board on COVID-19 of the Ministry of Health, Labor, and Welfare, and Council of Ministers, among others. In more informal settings, we have provided our analyses to the Office for COVID-19 and Other Emerging Infectious Disease Control (Cabinet Secretariat) and Prime Minister’s Office, among others.

Report

(2 results)
  • 2021 Annual Research Report
  • 2020 Research-status Report
  • Research Products

    (12 results)

All 2022 2021 2020 Other

All Int'l Joint Research (6 results) Journal Article (3 results) (of which Int'l Joint Research: 2 results,  Peer Reviewed: 3 results,  Open Access: 2 results) Remarks (3 results)

  • [Int'l Joint Research] European central Bank(ドイツ)

    • Related Report
      2021 Annual Research Report
  • [Int'l Joint Research] Bank of International Settlements(スイス)

    • Related Report
      2021 Annual Research Report
  • [Int'l Joint Research] Dartmouth University/Fordham University(米国)

    • Related Report
      2021 Annual Research Report
  • [Int'l Joint Research] European central Bank(Germany)

    • Related Report
      2020 Research-status Report
  • [Int'l Joint Research] Bank of International Settlements(Switzerland)

    • Related Report
      2020 Research-status Report
  • [Int'l Joint Research] Dartmouth University/Fordham University(U.S.A.)

    • Related Report
      2020 Research-status Report
  • [Journal Article] Expectations-Driven Liquidity Traps: Implications for Fiscal and Monetary Policy2022

    • Author(s)
      Taisuke Nakata, Sebastian Schmidt
    • Journal Title

      American Economic Journal: Macroeconomics: forthcoming

      Volume: -

    • Related Report
      2021 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] COVID-19 and output in Japan2021

    • Author(s)
      Fujii Daisuke、Nakata Taisuke
    • Journal Title

      The Japanese Economic Review

      Volume: 72 Issue: 4 Pages: 609-650

    • DOI

      10.1007/s42973-021-00098-4

    • Related Report
      2021 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Strengthening the FOMC's Framework in View of the Effective Lower Bound and Some Considerations Related to Time-Inconsistent Strategies2020

    • Author(s)
      Fernando Duarte, Benjamin K. Johannsen, Leonardo Melosi, and Taisuke Nakata
    • Journal Title

      Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D. C.

      Volume: 2020-067 Issue: 67 Pages: 1-41

    • DOI

      10.17016/feds.2020.067

    • Related Report
      2020 Research-status Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Remarks] Covid-19 and Output in Japan

    • URL

      https://covid19outputjapan.github.io/JP/

    • Related Report
      2021 Annual Research Report
  • [Remarks] Taisuke Nakata's webpage

    • URL

      https://sites.google.com/site/taisukenakata/

    • Related Report
      2021 Annual Research Report
  • [Remarks] Covid-19 and Output in Japan posted (January 2021).

    • Related Report
      2020 Research-status Report

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Published: 2020-03-25   Modified: 2023-12-25  

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