Papers - MIYAO Ryuzo
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Regime Shifts in the Effects of Japan’s Unconventional Monetary Policies Reviewed International coauthorship
Ryuzo Miyao and Tatsuyoshi Okimoto
The Manchester School 88 ( 6 ) 749 - 772 2020.12
Joint Work
Japan is the country with the longest history of implementing unconventional monetary policies, which were first introduced more than fifteen years ago and have been expanded several times since then. This study attempts to assess the overall macroeconomic effects of Japan's unconventional monetary policies based on a stylized block-recursive vector autoregression with a smooth transition. The results suggest that expansionary unconventional monetary policy shocks have clear macroeconomic effects, leading to a persistent rise in real output and inflation. In addition, we demonstrate that these macroeconomic effects have become more persistent for output as well as stronger and more persistent for inflation in recent years, including in the quantitative and qualitative monetary easing period.
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The Effects of Asset Purchases and Normalization of U.S. Monetary Policy Reviewed International coauthorship
Naoko Hara, Ryuzo Miyao and Tatsuyoshi Okimoto
Economic Inquiry 58 ( 3 ) 1279 - 1296 2020.7
Joint Work
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Use of Money Supply in the Conduct of Japan’s Monetary Policy: Reexamining the Time Series Evidence Reviewed
Ryuzo Miyao
Japanese Economic Review 56 ( 2 ) 165 - 187 2005.6
Single Work
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The Effects of Monetary Policy in Japan Reviewed
Ryuzo Miyao
Journal of Money, Credit, and Banking 34 ( 2 ) 376 - 392 2002.5
Single Work
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The Role of Monetary Policy in Japan: A Break in the 1990s? Reviewed
Ryuzo Miyao
Journal of the Japanese and International Economies 14 366 - 384 2000.12
Single Work
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Does a Cointegrating M2 Demand Relation Really Exist in the United States? Reviewed
Ryuzo Miyao
Journal of Money, Credit, and Banking 28 ( 3 (Part 1) ) 365 - 380 1996.8
Single Work
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Does a Cointegrating M2 Demand Relation Really Exist in Japan? Reviewed
Ryuzo Miyao
Journal of the Japanese and International Economies 10 ( 2 ) 169 - 180 1996.6
Single Work
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貨幣量と物価の関係：日米データに基づく検証
宮尾龍蔵
渡辺務・清水千弘編『日本の物価・資産価格』第2章、東京大学出版会 2023.6
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財政政策と金融政策の連携―2000年代以降日本のケース―
宮尾龍蔵
国民経済雑誌 226 ( 6 ) 19 - 31 2022.8
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金融緩和長期化の財政の影響
宮尾龍蔵
同志社商学 70 ( 6 ) 235 - 256 2019.3
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日本の景気変動要因：時系列分析からの視点
宮尾龍蔵
阿部顕三・大垣昌夫・小川一夫・田渕隆俊編『現代経済学の潮流2011』第2章、東洋経済新報社 2011.8
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Monetary Policy and Exchange Rate Stability in East Asia
2010.12
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デフレ期の物価動向とマネーの役割
宮尾龍蔵
吉川洋編『デフレ経済と金融政策』第5章、内閣府経済社会総合研究所 2009.10
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日本の設備投資行動：1990年代以降の不確実性の役割 Reviewed
宮尾 龍蔵
金融研究 28 ( 1 ) 1 - 22 2009.3
Single Work
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物価変動のコスト：概念整理と計測
宮尾龍蔵、中村康治、代田豊一郎
経済学論集、東京大学経済学会 74 ( 2 ) 2 - 39 2008.7
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Understanding Output and Price Dynamics in Japan: Why Have Japan's Price Movements Been Relatively Stable Since the 1990s?
Ryuzo Miyao, Masahiko Shibamoto
2008.3
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低成長・低インフレ下での『日本型』金融政策運営
宮尾龍蔵
小塩隆士編著『新しい日本型政策パラダイム 第2巻 公平性と政策対応』第2章、勁草書房 2007.11
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量的緩和政策と時間軸効果
宮尾龍蔵
国民経済雑誌 195 ( 2 ) 79 - 94 2007.2
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日本経済の変動要因：生産性ショックの役割
宮尾龍蔵
日本銀行ワーキングペーパー No.06-J-1 2006.1
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金融政策運営におけるマネーサプライの役割
宮尾龍蔵
岩本康志・橘木俊詔・二神孝一・松井彰彦編著『現代経済学の潮流2005』第3章、東洋経済新報社 2005.7