I am Ryuichiro Izumi, an Assistant Professor of Economics at Wesleyan University. My research fields are: Banking, Financial Economics, and Macroeconomics.
Policymakers who aims to mitigate fire sale externalities but lacks commitment could raise fragility and lower welfare unintededly when market liquidity is large. In such a case, policymakers should not be given macroprudential tools to mitigate the externality.
- Visiting Keio University (June - July 2021)
E-mail: rizumi 'at' wesleyan.edu
Address: 238 Church St., Middletown, CT, 06459-0007