This announcement describes the publication of four papers by the Institute for Monetary and Economic Studies of the Bank of Japan on August 29, 2025, in the "Institute for Monetary and Economic Studies Discussion Paper Series."
Overview of Published Papers
Proceedings of the "New Challenges for Monetary Policy" 2025 International Conference: Papers summarizing the outcomes of discussions at the international conference held by the Institute for Monetary and Economic Studies have been published. This conference featured active discussions by domestic and international experts on new challenges facing current monetary policy.
Research on Trust and Macroeconomic Stability: An English-language paper has been published analyzing the relationship between economic trust and macroeconomic stability. This paper provides theoretical and empirical verification of the positive feedback mechanism formed by the relationship between financial system stability and market participant confidence.
Challenges in Monetary Policy Communication: An English-language paper analyzing effective communication methods for monetary policy by central banks and challenges in communication with markets and the general public. It includes specific recommendations regarding the importance of improving policy transparency and dialogue with markets.
Significance of the Institute's Discussion Paper Series
The Institute for Monetary and Economic Studies Discussion Paper Series aims to widely disseminate the latest research findings in the financial and economic fields to promote discussions in both academic and practical circles. All papers published this time address important themes in current monetary policy operations, serving to provide a theoretical foundation for the Bank of Japan's policy deliberation process.
International Research Exchange
By publishing conference outcomes as papers, the initiative is expected to contribute to sharing discussions on Japanese monetary policy with the international research community and to global policy coordination. The publication of English-language papers facilitates knowledge sharing with overseas researchers and policymakers.
The report indicates that the Institute for Monetary and Economic Studies of the Bank of Japan is working to enhance policy operations through theoretical research and international discussions to address new challenges in monetary policy. It evaluates that the broad public disclosure of research outcomes aims to deepen policy discussions in both academic and practical spheres.