Ph.D., The Ohio State University, June 2005
6-1 Mihogaoka, Ibaraki
email: tsuruga@[at] iser.osaka-u.ac.jp
Areas of Specialization
Monetary Economics, Macroeconomics, Applied Time Series Econometrics
gDecomposing Local Fiscal Multipliers: Evidence from Japan,h (with T. Kameda and R. Namba), Japan and the World Economy, 57, 2021, #101053.
gMoney-financed Fiscal Stimulus: The Effects of Implementation Lag,h (with S. Wake) Journal of Economic Dynamics and Control, 104, 2019, pp. 132-151.
gCurrent Account Dynamics under Information Rigidity and Imperfect Capital Mobility,h (with A. Shibata and M. Shintani), Journal of International Money and Finance, 92, 2019, pp. 153-176.
gEffects of Commodity Price Shocks on Inflation: A Cross Country Analysis,h (with A. Sekine) Oxford Economic Papers, 70 (4), 2018, pp 1108-1135.
gPrudential Capital Controls or Bailouts?: The Impact of Different Collateral Constraint Assumptionsh (with M. Katagiri and R. Kato)@Economic Theory, 63, 2017, pp. 943-960.
gThe Safer, the Riskier: A Model of Financial Instability and Bank Leverage,h (with R. Kato), Economic Modelling, 52, 2016, pp. 71-77.
gNoisy Information, Distance and Law of One Price Dynamics across US Cities,h (with M. J. Crucini and M. Shintani)@Journal of Monetary Economics, 74, 2015, pp. 52-66.
gDo Sticky Prices Increase the Real Exchange Rate Volatility at Sector Level?h (with M. J. Crucini and M. Shintani) European Economic Review, 62, 2013, pp.58-72.
gIntegrating Sticky Prices and Sticky Information,h (with B. Dupor and T. Kitamura), The Review of Economics and Statistics, 92 (3), 2010, pp. 657-669.
gAccounting for Persistence and Volatility of Good-level Real Exchange Rates: The Role of Sticky Information,h (with M. J. Crucini and M. Shintani) Journal of International Economics, 81 (1), 2010, pp. 48-60.@
gThe Law of One Price without the Border: the Role of Distance versus Sticky Prices,h (with M. J. Crucini and M. Shintani) Economic Journal, 120, 2010, pp. 462-480.
gThe Hump-shaped Behavior of Inflation and a Dynamic Externality,h European Economic Review, 2007, 51 (5), pp.1107-1125.
gSticky Information: The Impact of Different Information Updating Assumptions,h (with B. Dupor) Journal of Money, Credit and Banking, 37 (6), 2005, pp.1143-1152.
gA Behavioral Explanation for the Puzzling Persistence of the Aggregate Real Exchange Rate,h (with M. J. Crucini and M. Shintani), NBER Working Paper No. 27420, June 2020.
gSectoral Inflation Persistence, Market Concentration, and Imperfect Common Knowledge,h (with. R. Kato and T. Okuda), ISER Discussion Paper, No. 1082 March 2020.
gPecuniary Externalities, Bank Overleverage, and Macroeconomic Fragility,h (with R. Kato), ISER Discussion Paper, No. 1078, March 2020.
gHow Well Do the Sticky Price Models Explain the Disaggregated Price Responses to Aggregate Technology and Monetary Policy Shocks?h (with J. Nakajima, and N. Sudo), IMES Discussion Paper Series 2010 E-22, Bank of Japan, September 2010
gFlattened Phillips Curve in Japan: The Role of Speed Limit Policies,h (with R. Kato) January 2009
gSticky Information under Dynamic Modelsh June 2005
Last updated: February 14, 2021