Ryo Kato Web Page

 

Ryo Kato is the director of the Research and Statistics Department at the Bank of Japan.

Kato was born in Mie Prefecture, Japan, in 1973. He graduated with a bachelor of economics degree from the University of Tokyo and, in 2002, earned a Ph.D. in economics from the Ohio State University.

After joining the Bank of Japan, he primarily specialized in macro-economic model building and was engaged in wide-ranging policy work in Research and Statistics Department, International Department and Financial Stability and Banking Supervision Department.

In July 2006, he joined the International Monetary Fundís Strategy, Policy and Review Department, where he contributed to the fundís crisis management efforts. In 2009, Kato was appointed to the Macroeconomic Assessment Group (MAG), convened under the auspices of the Basel Committee on Banking Supervision (BCBS) and Financial Stability Board (FSB). As a member of MAG, he contributed to the development of Basel III, the new global regulatory standard for bank capital adequacy and liquidity.††††††††††††††††††††††††††††††††††††††††

Contact info at IDEAS

 


Education and professional experience:

2012-  Head of Economic Analysis Group, Research and Statistics Department, Bank of Japan

2009-2012  Senior Economist, Institute for Monetary and Economic Studies, Bank of Japan

2006-2009, Economist, Policy Development and Review Department, International Monetary Fund

1996-2006, Bank of Japan

Ph.D. 2002, Economics, The Ohio State University 

M.A. 2000, Economics, The Ohio State University

B.A. 1996, Economics, University of Tokyo

 

2009-2012  Chief editor of Monetary and Economic Studies

2009-2010  Member of the Macroeconomic Assessment Group (MAG), Basel Committee on Banking Supervision and the Financial Stability Board

 


Selected journal publications:

"Calibrating the Level of Capital: The Way We See It," (with Shun Kobayashi and Yumi Saita) Journal of Mathematics and System Science 1, 2011.         

"A Note on Pitfalls of Credit Crunch Regression," Economics Letters 99, 2008, pp.504-507.         

"Liquidity, Infinite Horizons and Macroeconomic Fluctuations," European Economic Review 50, 2007, pp. 1105-1130.

 "Optimal Monetary Policy When Interest Rates are Bounded at Zero," (with Shin-Ichi Nishiyama) Journal of Economic Dynamics and Control 29. 2005. pp. 97-133.


Working papers, policy papers and other publications:

"Bank Overleverage and Macroeconomic Fragility," (with Taka Tsuruga) IMES Discussion Paper 11-E-15, 2011. (Presented at Yale Conference at Macro and Finance)

"The Safer, The Riskier: A Model of Bank Leverage and Financial Instability," (with Taka Tsuruga) Kyoto University Research Project Center Discussion Paper E-10-014, 2011.

"The Role of Uncertainty in the Term Structure of Interest Rates: A Macro-Finance Perspective," (with Junko Koeda) CIRJ Discussion Paper, March 2010. (Revision requested by JMCB)


Contributions to policy papers on the Basel III published by the Basel Committee on Banking Supervision and the Financial Stability Board:

 "An Assessment of the Long-term Economic Impact of Stronger Capital and Liquidity Requirements," Basel Committee on Banking Supervision, August 2010. 

 "Assessing the Macroeconomic Impact of the Transition to Stronger Capital and Liquidity Requirements," Basel Committee on Banking Supervision and Financial Stability Board, August 2010

 

"Lectures on Modern Macroeconomics: Introduction to DSGE Models," Book in Japanese [ISBN-10: 4492313702] Chuo-ku Tokyo, Toyo Keizai Inc., 2007.


Disclaimer: This is Ryo Kato's personal web site. The views expressed in the papers are not those of the Bank of Japan, IMF or other institutions, but of authors