Mototsugu Shintani
Biographic Data
| ID | 1030858 |
|---|---|
| NAME | Mototsugu Shintani |
| GIVEN NAMES | Mototsugu |
| FAMILY NAME | Shintani |
| SIGNATURE | SHINTANI M |
| AFFILIATIONS | The University of Tokyo |
| ORCID | 0000-0001-5799-8551 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 6 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2004 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 1 |
Instrumental Variables Estimation for Infinite Order Panel Autoregressive Processes
We consider instrumental variables (IV) estimation of a possibly infinite order dynamic panel autoregressive (AR) process with individual effects. The estimation is based on the sieve AR approximation, with its lag order increasing with sample size. Transforming the variable to eliminate individual effects generates an endogeneity problem, particularly when the time series is only moderately long. IV approaches are useful to obtain well-behaved e…
Macroeconomic effects of monetary policy in Japan
We estimate the effects of monetary policy on the aggregate economy in Japan during the last three decades when the effective lower bound (ELB) on interest rates was occasionally binding. We use monetary policy surprises from the interest rate futures market as the external instrument to identify monetary policy shocks in the vector autoregressive model. We find that monetary policy has been effective in Japan during the last three decades, and t…
The Law of One Price without the Border
We build a single-country, two-city, model with nominal rigidities and transport costs which predicts that variation of LOP deviations is lower for goods with infrequent price adjustment after controlling for distance. We adapt the Engel and Rogers (1996) regression to analyse Japanese retail prices at the city level and find that results are consistent with the theoretical predictions. The regression results also suggest that the distance equiva…
Reassessing Cyclical Changes in Workers' Labor Market Status
This analysis, using Current Population Survey data, yields statistically compelling evidence that cyclical variations in gross flows of U.S. workers-that is, variations by business cycle phase in the number of workers transitioning from one labor market state to another each month-were substantially smaller in 1986-2005 than in 1968-86. The authors identify six types of workers who would be expected to contribute to cyclical variations in these …
Measuring the Economic Impact of Monetary Union
Data from Okinawa's monetary union with the United States in 1958 and with Japan in 1972 are used to obtain a quantitative indication of how monetary union might affect the behavior of nominal and real shocks across two economies. With monetary union, the variance of the real exchange rate between two economies declines, and their business cycle linkage becomes stronger. A VAR analysis of output and price data for Okinawa and Japan further indica…
The Law of One Price without the Border
We build a single-country, two-city, model with nominal rigidities and transport costs which predicts that variation of LOP deviations is lower for goods with infrequent price adjustment after controlling for distance. We adapt the Engel and Rogers (1996) regression to analyse Japanese retail prices at the city level and find that results are consistent with the theoretical predictions. The regression results also suggest that the distance equiva…
Measuring the Economic Impact of Monetary Union
Data from Okinawa's monetary union with the United States in 1958 and with Japan in 1972 are used to obtain a quantitative indication of how monetary union might affect the behavior of nominal and real shocks across two economies. With monetary union, the variance of the real exchange rate between two economies declines, and their business cycle linkage becomes stronger. A VAR analysis of output and price data for Okinawa and Japan further indica…
Reassessing Cyclical Changes in Workers' Labor Market Status
This analysis, using Current Population Survey data, yields statistically compelling evidence that cyclical variations in gross flows of U.S. workers-that is, variations by business cycle phase in the number of workers transitioning from one labor market state to another each month-were substantially smaller in 1986-2005 than in 1968-86. The authors identify six types of workers who would be expected to contribute to cyclical variations in these …
The Law of One Price without the Border
We build a single-country, two-city, model with nominal rigidities and transport costs which predicts that variation of LOP deviations is lower for goods with infrequent price adjustment after controlling for distance. We adapt the Engel and Rogers (1996) regression to analyse Japanese retail prices at the city level and find that results are consistent with the theoretical predictions. The regression results also suggest that the distance equiva…
Macroeconomic effects of monetary policy in Japan
We estimate the effects of monetary policy on the aggregate economy in Japan during the last three decades when the effective lower bound (ELB) on interest rates was occasionally binding. We use monetary policy surprises from the interest rate futures market as the external instrument to identify monetary policy shocks in the vector autoregressive model. We find that monetary policy has been effective in Japan during the last three decades, and t…
Instrumental Variables Estimation for Infinite Order Panel Autoregressive Processes
We consider instrumental variables (IV) estimation of a possibly infinite order dynamic panel autoregressive (AR) process with individual effects. The estimation is based on the sieve AR approximation, with its lag order increasing with sample size. Transforming the variable to eliminate individual effects generates an endogeneity problem, particularly when the time series is only moderately long. IV approaches are useful to obtain well-behaved e…
Economics (4 works) · Macroeconomics (3 works) · Monetary economics (3 works) · Monetary Policy and Economic Impact (3 works) · Business cycle (2 works) · Econometrics (2 works) · Global Financial Crisis and Policies (2 works) · Monetary policy (2 works) · Asymptotic distribution (1 works) · Autoregressive model (1 works)