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Researcher's Profile

Mototsugu SHINTANI


Tel: 03-5452-5338

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2018 Research book (PDF: 682KB)


1993.03   M.A. Graduate School of Economics, Osaka Univeristy 
1993.04   Research Associate, Institute of Social and Economic Research, Osaka University 
2000.05   Ph.D. Graduate School of Economics, Yale Univeristy 
2001.04   Lecturer, Faculty of Business and Commerce, Keio University 
2007.06   Economist, Institute for Monetary and Economic Studies, Bank of Japan 
2008.08   Associate Professor, Department of Economics, Vanderbilt University 
2009.05   Project Associate Professor, Osaka Univeristy (-2009. 08) 
2014.01   Professor, RCAST, The University of Tokyo (UTokyo)

Research Interests

I am currently studying the issue of estimating the New Keynesian model, or the dynamic stochastic general equilibrium (DSGE) model, from economic data. These models are based on solid microeconomic foundations and incorporate dynamic decisions made by consumers and firms. For example, in the New Keynesian model, firm’s price setting behavior and price rigidity often play a crucial role on the effectiveness of central bank’s monetary policy. For this reason, measuring the speed of price adjustment of individual goods at the micro level and investigating its aggregate implication are important empirical topics. Allowing for trade between countries in the New Keynesian model is also useful in evaluating the international transmission of policy effects. I empirically examined the speed of adjustment of individual good prices across international cities using micro price data and found that their speed of adjustment was much faster than that at the aggregate level. To better match the data, I also proposed a variant of the New Keynesian DSGE model that allows firm’s information delay and expectation-driven business cycles regarding the future technology.

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