Papers

Publications

Articles in Refereed Journals

  1. Shibamoto, Masahiko. "An Analysis of Monetary Policy Shocks in Japan:a Factor Augmented Vector Autoregressive Approach", Japanese Economic Review. Vol. 58, No. 4, December 2007, pp. 484-503.
  2. Shibamoto, Masahiko. "The Estimation of Monetary Policy Reaction Function in a Data-Rich Environment: the Case of Japan", Japan and the World Economy. Vol. 20, No. 4, December 2008, pp. 497-520.
  3. Shibamoto, Masahiko and Shigeto Kitano. "Structural Change in Current Accountand Real Exchange Rate Dynamics: Evidence from the G7 Countries", Pacific Economic Review. Vol. 15, No. 5, December 2012, pp. 619-634.
  4. Shibamoto, Masahiko and Yoshiro Tsutsui. "Note on the Interpretation of Convergence Speed in the Dynamic Panel Model", Applied Economics Letters, Vol. 21, No. 8, June 2014, pp. 533-535.
  5. Shibamoto, Masahiko and Masato Shizume. "Exchange Rate Adjustment, Monetary Policy and Fiscal Stimulus in Japan’s Escape from the Great Depression", Explorations in Economic History, Vol. 53, No. 1, July 2014, pp. 1-18.
  6. Shibamoto, Masahiko and Minoru Tachibana. "Individual Stock Returns and Monetary Policy: Evidence from Japanese Data", Japanese Economic Review, Vol. 65, No.3, September 2014, pp. 375-396.
  7. Shibamoto, Masahiko, Yoshiro Tsutsui and Chisako Yamane. "Understanding Regional Growth Dynamics in Japan: Panel Cointegration Approach Utilizing the PANIC Method", Journal of the Japanese and International Economies, Vol. 40, June 2016, pp. 17-30.
  8. Shibamoto, Masahiko. "Source of Underestimation of the Monetary Policy Effect: Re-examination of the Policy Effectiveness in Japan’s 1990s", The Manchester School, Vol. 84, No. 6, December 2016, pp. 795-810.
  9. Kazuhiro Seki and Masahiko Shibamoto. "Cross-Country Evidence on Determinants of Fiscal Policy Effectiveness: The Role of Trade and Capital Flows", Applied Economics, forthcoming
  10. Agata Wierzbowska and Masahiko Shibamoto. "Construction and Application of Sentiment Lexicons in Finance", International Journal of Multimedia Data Engineering and Management, Vol.9, No.1, 22-35, 2018
  11. "COVID-19 Infection Spread and Human Mobility", (with Shoka Hayaki and Yoshitaka Ogisu), RIEB Discussion Paper Series No. DP2021-16(Revised), Kobe University, forthcoming..
  12. "Central Bank Economic Confidence and the Macroeconomy", (with Kazuhiro Seki and Takashi Kamihigashi), RIEB Discussion Paper Series No. DP2022-16, Kobe University, March 2022.

    13. Articles in Non-Refereed Journals

    1. Shibamoto, Masahiko. "The Behavior of Disaggregated Prices and the Relative Price Effects of Monetary Policy: A Survey and Empirical Analyses using Japanese Data", Kokumin Keizai Zasshi, Vol. 200, No. 4, October 2009. (in Japanese)
    2. Shibamoto, Masahiko. "Identification of Unconventional Monetary Policy Shocks in Japan and Their Effects on the Term Spread", Kokumin Keizai Zasshi, Vol. 205, No. 2, February 2012. (in Japanese)
    3. Shibamoto, Masahiko. "Empirical Studies on Monetary Policy: Note", Kokumin Keizai Zasshi, Vol. 206, No. 6, December 2012. (in Japanese)
    4. Shibamoto, Masahiko. "Re-investigating the Relevance of C-CAPM in Japan : Weak Identification Robust Inference Approach", Kokumin Keizai Zasshi, Vol. 214, No. 3, September 2016. (in Japanese)
    5. Shibamoto, Masahiko. "The Current Situation (June 2020) and the Risk of the Novel Coronavirus(COVID-19) in Japan ", Kokumin Keizai Zasshi, Vol. 222, No. 5, November 2020. (in Japanese)

      6. Books

      1. Shigeto Kitano and Masahiko Shibamoto. "Exchange Rate and Current Account: Structural Change in the Dynamic Adjustment", in Global Imbalances and Exchange Rates, ed. by Seiichi Fujita, and Kentaro Iwatsubo, October 2010, pp. 105-134. Yuhikaku, Tokyo (in Japanese)
      2. Takashi Kamihigashi, Kazuhiro Seki, and Masahiko Shibamoto. "Measuring Social Change Using Text Data: A Simple Distributional Approach", in Reconstruction of the Public Sphere in the Socially Mediated Age, ed. by Endo, K., Kurihara, S., Kamihigashi, T., and Toriumi, F., November 2017, pp. 139-164, Springer

      Working Paper

      1. Kinari, Yusuke and Masahiko Shibamoto. "Efficacy of Fiscal Policy in Japan: Keynesian and Non-Keynesian Effects on Aggregate Demand", RIEB Discussion Paper Series No.212, Kobe University, December 2007.
      2. Shibamoto, Masahiko. "Understanding Output and Price Dynamics in Japan: Why Have Japan’s Price Movements Been Relatively Stable Since the 1990s?", RIEB Discussion Paper Series No. 219, Kobe University, March 2008.
      3. Shibamoto, Masahiko. "The Estimation of the New Keynesian Phillips Curve in Japan and Its Implication for the Inflation Response to a Monetary Policy Shock", RIEB Discussion Paper Series No. 235, Kobe University, January 2009.
      4. Shibamoto, Masahiko and Ryuzo Miyao. ‘Interaction between Demand and Supply Sides of the Economy: The Case of Japan’s Lost Decade", October 2012.
      5. Shibamoto, Masahiko and Minoru Tachibana. "The Effect of Unconventional Monetary Policy on the Macro Economy: Evidence from Japan’s Quantitative Easing Policy Period", RIEB Discussion Paper Series No. DP2013-12, Kobe University, April 2013.
      6. Shibamoto, Masahiko and Yasuo Takatsuki. "Macroeconomic Policy with Financial Market Stability: The Case of Japan’s Early 19th Century", RIEB Discussion Paper Series No. DP2014-16, Kobe University, March 2014.
      7. Shibamoto, Masahiko. "Empirical Assessment of the Impact of Monetary Policy Communication on the Financial Market", RIEB Discussion Paper Series No.DP2016-19, Kobe University, April 2016.
      8. Nakashima, Kiyotaka, Masahiko Shibamoto and Koji Takahashi. "Identifying Unconventional Monetary Policy Shocks", RIEB Discussion Paper Series No. DP2017-05, Kobe University, March 2017.
      9. "Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending", (with Kiyotaka Nakashima and Koji Takahashi), RIEB Discussion Paper Series No. DP2017-24, Kobe University, September 2017.