Homepage of Makoto Nakajima
Hi! I am an economist specialized in macroeconomics and computational methods, with emphasis on how economic policies affect diverse individuals differently and thus interact with inequality. I am currently Economic Advisor and Economist, at Federal Reserve Bank (FRB) of Philadelphia, Research Department. I am also affiliated with Consumer Finance Institute (CFI) of FRB Philadelphia, Opportunity and Inclusive Growth Institute (OIGI) of FRB Minneapolis, and Human Capital and Economic Opportunity (HECO) Global Working Group, at University of Chicago.
[June 2021: New]New version of "Doves for the Rich, Hawks for the Poor? Distributional Consequences of Systematic Monetary Policy" is out. Also available as FRB Minneapolis Opportunity and Inclusive Growth Institute (OIGI) Working Paper No.50 [December 2020]"Baby Boomers vs. Millennials Through Monetary Policy?" is published in the FRB Philadelphia Economic Insights, Fourth Quarter 2020. [October 2020]Working paper "Consumption and Saving during the Pandemic" is posted. [August 2020]I am migrating my homepage from Google Sites to this GitHub. Any comments and suggestions are appreciated! [June 2020]I am preparing for the JHANK package, for solving and simulating Heterogneous-Agent New-Keynesian (HANK) models (relativley) easily. Once it is ready, I will post the package and instructions at JHANK page. [June 2020]"Literature Review of HANK Models: Implications of Household Heterogeneity for Monetary Transmission" (Bank of Japan IMES Discussion Paper, in Japanese) is published.