Ippei Fujiwara is Professor of Macroeconomics at the Crawford School of Public Policy, associate editor of Japan and the World Economy, research associate at the Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas, the executive director for Australia-Japan Research Centre, and the deputy director at the Center for Applied Macroeconomic Analysis (CAMA). He completed his DPhil in economics at the University of Oxford (Nuffield), and a PhD in Applied Economics at Osaka University. Professor Fujiwara worked for the Bank of Japan for 18 years before joining the Crawford School of Public Policy where his research has focused on international finance, monetary economics and macroeconomics. His recent publications are in Journal of Applied Econometrics, Journal of Monetary Economics, Journal of International Money and Finance, Journal of Money Credit and Banking, Journal of Economic Dynamics and Control and Macroeconomic Dynamics.