Takayuki Tsuruga

Japanese version

Ph.D., The Ohio State University, June 2005

Current Position

Associate Professor

Graduate School of Economics

Kyoto University

Contact

Yoshida Honmachi Sakyo-ku

Kyoto, 606- 8501

JAPAN

Email: tsuruga [at] econ.kyoto-u.ac.jp

CV (doc, html)

Areas of Specialization

Monetary Economics, Macroeconomics, Applied Time Series Econometrics

Publications

“Do Sticky Prices Increase the Real Exchange Rate Volatility at Sector Level?” (with M. J. Crucini and M. Shintani) European Economic Review, forthcoming.

“Integrating Sticky Prices and Sticky Information,” (with B. Dupor and T. Kitamura), the Review of Economics and Statistics, vol. 92 (3), 2010, pp. 657-669.

“Accounting for Persistence and Volatility of Good-level Real Exchange Rates: The Role of Sticky Information,” (with M. J. Crucini and M. Shintani) Journal of International Economics, Vol.81(1), 2010, pp. 48-60.　

“The Law of One Price without the Border: the Role of Distance versus Sticky Prices,” (with M. J. Crucini and M. Shintani) Economic Journal, Vol.120, 2010, pp. 462-480.

“The Hump-shaped Behavior of Inflation and a Dynamic Externality,” European Economic Review, 2007, vol. 51, Issue 5, pp.1107-1125.

“Sticky Information: The Impact of Different Information Updating Assumptions,” (with B. Dupor) Journal of Money, Credit and Banking, vol. 37 Issue 6, 2005, pp.1143-1152.

Working papers

“The Safer, the Riskier: A Model of Bank Leverage and Financial Instability,” (with R. Kato) Kyoto University Project Center Discussion Paper Series, E-10-014, February, 2013.

“Bank Overleverage and Macroeconomic Fragility,” (with R. Kato) Kyoto University Project Center Discussion Paper Series, E-12-002, February, 2013

“Managing Financial Crises: Lean or Clean?” (with M. Katagiri and R. Kato) IMES Discussion Paper Series 2012 E-16, Bank of Japan, November, 2012.

“Noisy Information, Distance and Law of One Price Dynamics across US Cities,” (with M. J. Crucini and M. Shintani)　NBER Working Paper #17815, January, 2012

“How Well Do the Sticky Price Models Explain the Disaggregated Price Responses to Aggregate Technology and Monetary Policy Shocks?” (with J. Nakajima, and N. Sudo), IMES Discussion Paper Series 2010 E-22, Bank of Japan, September, 2010

“Flattened Phillips Curve in Japan: The Role of Speed Limit Policies,” (with R. Kato) January, 2009

“Sticky Information under Dynamic Models” June 2005

Last updated: April 14, 2013