Fellow Researchers Profile

Kozo UEDA

Kozo UEDA

Senior Research Fellow

Professor, School of Political Science and Economics, Waseda University
［Research Themes］
Research on economic theory
Research on fluctuations in products and real estate prices

Expertise

  • Macroeconomics
  • monetary policy

Working papers, Papers and Reports

2023.05.16

Working Paper（23-008E）Marginal Propensity to Consume to Two-Time Income Shocks

2023.05.15

Working Paper（23-007E）Marginal Propensity to Consume and Personal Characteristics: Evidence from Bank Transaction Data and Survey

2022.03.04

Working Paper（22-003E）Effects of Bank Branch/ATM Consolidations on Cash Demand: Evidence from Bank Account Transaction Data in Japan

2017.11.08

Working Paper(17-012E) "Secular Stagnation and Low Interest Rates under the Fear of a Government Debt Crisis"

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Profile

Education

2006 DPhil (Economics), St. Antony’s College, University of Oxford
1999 M.S. (Physics) University of Tokyo
1997 B.S. (Physics) University of Tokyo

Career

2013- School of Political Science and Economics, Waseda University
1999-2013 Bank of Japan

Papers

  • Ueda, Kozo, "Duopolistic Competition and Monetary Policy," Journal of Monetary Economics, forthcoming.
  • Miyakawa, Daisuke, Koki Oikawa, and Kozo Ueda, "Reallocation Effects of Monetary Policy," slide, International Economic Review, 63(2), 947-975, 2022.
  • Iiboshi, Hirokuni, Mototsugu Shintani, and Kozo Ueda, "Estimating a Nonlinear New Keynesian Model with the Zero Lower Bound for Japan," Journal of Money, Credit and Banking, 54(6), 1637-1671, 2022.
  • Kobayashi, Keiichiro, and Kozo Ueda, "Secular Stagnation and Low Interest Rates under the Fear of a Government Debt Crisis," Journal of Money, Credit and Banking, 54(4), 779-824, 2022.
  • Miyakawa, Daisuke, Koki Oikawa, and Kozo Ueda, "Firm Exit during the COVID-19 Pandemic: Evidence from Japan," Journal of the Japanese and International Economies, 59, 101118, 2021.
  • Ueda, Kozo, "Dynamic Cost of Living Index for Storable Goods," Economics Letters, 189, 109013, 2020.
  • Katagiri, Mitsuru, Hideki Konishi, and Kozo Ueda, “Aging and Deflation from a Fiscal Perspective,” Journal of Monetary Economics, 111, 1-15, 2020.
  • Ueda, Kozo, Kota Watanabe, and Tsutomu Watanabe, “Product Turnover and the Cost of Living Index: Quality vs. Fashion Effects,” American Economic Journal: Macroeconomics, 11(2), 310-347, 2019.
  • Oikawa, Koki and Kozo Ueda, “Short- and Long-run Tradeoff of Monetary Easing,” Journal of the Japanese and International Economies, forthcoming.
  • Kawamura, Kohei, Yohei Kobashi, Masato Shizume, and Kozo Ueda, “Strategic Central Bank Communication: Discourse Analysis of the Bank of Japan's Monthly Report,” Journal of Economic Dynamics and Control, 100, 230-250, 2019.
  • Oikawa, Koki and Kozo Ueda, “The Optimal Inflation Rate under Schumpeterian Growth,” Journal of Monetary Economics, 100, 114-125, 2018.
  • Sudo, Nao, Kozo Ueda, Kota Watanabe, and Tsutomu Watanabe, “Working Less and Bargain Hunting More: Macro Implications of Sales during Japan's Lost Decades,” Journal of Money, Credit and Banking, 50(2-3), 449-478, 2018.
  • Ojima, Mayumi, Junnosuke Shino, and Kozo Ueda, “Retailer Market Concentration, Buyer-size Discounts, and Inflation Dynamics,” Japanese Economic Review, 69(1), 101-127, 2018.
  • Hirakata, Naohisa, Nao Sudo, and Kozo Ueda, “Chained Credit Contracts and Financial Accelerators,” Economic Inquiry, 55(1), 565-579, 2017.
  • Hirakata, Naohisa, Nao Sudo, Ikuo Takei, and Kozo Ueda, “Japan's Financial Crises and Lost Decades,” Japan and the World Economy, 40, 31-46, 2016.
  • Fujiwara, Ippei, Yoshiyuki Nakazono, and Kozo Ueda, “Policy Regime Change against Chronic Deflation? Policy Option under Long-Term Liquidity Trap,” Journal of the Japanese and International Economies, 37, 59-81, 2015.
  • Sudo, Nao, Kozo Ueda, and Kota Watanabe, “Micro Price Dynamics under Japan's Lost Decades,” Asian Economic Policy Review, 9(1), 44-64, 2014.
  • Asako, Yasushi, and Kozo Ueda, “The Boy Who Cried Bubble: Public Warnings against Riding Bubbles,” Economic Inquiry, 52(3), 1137-1152, 2014.
  • Fujiwara, Ippei, and Kozo Ueda, “The Fiscal Multiplier and Spillover in a Global Liquidity Trap,” Journal of Economic Dynamics and Control, 37(7), 1264-1283, 2013.
  • Hirakata, Naohisa, Nao Sudo, and Kozo Ueda, “Capital Injection, Monetary Policy, and Financial Accelerators,” International Journal of Central Banking, 9(2), 101-145, 2013.
  • Nakazono, Yoshiyuki, and Kozo Ueda, “Policy Commitment and Market Expectations: Lessons Learned from Survey Based Evidence under Japan's Quantitative Easing Policy,” Japan and the World Economy, 25-26, 102-113, 2013.
  • Ueda, Kozo, “Banking Globalization and International Business Cycles: Cross-Border Chained Credit Contracts and Financial Accelerators,” Journal of International Economics, 86(1), 1-16, 2012.
  • Hirakata, Naohisa, Nao Sudo, and Kozo Ueda, “Do Banking Shocks Matter for the U.S. Economy?” Journal of Economic Dynamics and Control, 35(12), 2042-2063, 2011.
  • Ueda, Kozo, “Determinants of Households' Inflation Expectations in Japan and the United States,” Journal of the Japanese and International Economies, 24(4), 503-518, 2010.
  • Ueda, Kozo, “Central Bank Communication and Multiple Equilibria,” International Journal of Central Banking, 6(3), 145-167, 2010.
  • Sugo, Tomohiro, and Kozo Ueda, “Estimating a Dynamic Stochastic General Equilibrium Model for Japan,” Journal of the Japanese and International Economies, 22(4), 476-502, 2008.
  • Sugo, Tomohiro, and Kozo Ueda, “Eliminating a Deflationary Trap through Superinertial Interest Rate Rules,” Economics Letters, 100(1), 119-122, 2008.