Unpublished Works

• (with Chikafumi Nakamura)　"Does Openness Amplify Money-Financed Fiscal Stimulus? A Fiscal Theory Perspective," Mimeo, Jan., 2026.
       On-line Appendix
       別バージョン: (Nguyen Thi Viet Phuongと共著) Nagoya City University Society of Economics Discussion Paper, No. 693, Jan., 2024.
• (with Masataka Eguchi and Roberto Billi) "Effects of a Money-Financed Fiscal Stimulus without Irredeemability of Money," Mimeo, Aug., 2025.
       Slides
       Technical Appendix
• (with Masataka Eguchi) "Optimal Monetary and Fiscal Policy Rules, Welfare Gains and Exogenous Shocks in an Economy with Default Risk," Mimeo, Jul., 2024.
       Another Version: BCAM Working Paper Series, No. 1902, Jul., 2019. 　　　　　
       Technical Appendix
• (with Masataka Eguchi) "A Role Model of Monetary and Fiscal Policy Rules in an Economy with Sovereign Risk: Evidence from Indonesia," Mimeo, May, 2017.