Ryo Kato Web Page
Ryo
Kato is the director of
the Institute for Monetary and Economic Studies (IMES) at the Bank of Japan,
and editor-in-chief of the bank’s periodical publication Monetary and Economic
Studies.
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 both the Research and Statistics Department and the
International Department in preparation for the bank’s Monetary Policy
Meetings.
In July 2006, he joined the
International Monetary Fund’s Strategy, Policy and Review Department, where he
contributed to the fund’s 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.
Education and professional
experience:
2009- Director and Senior Economist, Institute for
Monetary and Economic Studies, Bank of Japan
2009-2010 Director, Financial Stability and Bank
Supervision Department, 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- 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