Ryo Kato

Learn More
  • Ryo Kato, Shinichi Nishiyama, Steve Cecchetti, Paul Evans, Nelson C Mark, Masao Ogaki +8 others
  • 2001
The purpose of this paper is to characterize the optimal policy reaction function in the presence of a zero lower bound on the nominal interest rate. Based on the standard framework of a central bank's dynamic optimization problem following Ball (1997) and Svensson (1997a), we analytically prove and numerically show that the optimal monetary policy in the(More)
The acoustic reflection technique noninvasively measures airway cross-sectional area vs. distance functions and uses a wave tube with a constant cross-sectional area to separate incidental and reflected waves introduced into the mouth or nostril. The accuracy of estimated cross-sectional areas gets worse in the deeper distances due to the nature of marching(More)
  • 1