Research

Information at IDEAS, and EconPapers

Publications:

  • "Do Credit Market Imperfections Justify a Central Bank's Response to Asset Price Fluctuations?"
    Journal of Economic Dynamics and Control Vol.61, Issue C, pp.81-94, 2015.

  • "Laffer Curves in Japan"
    Journal of the Japanese and International Economies Vol.36, Issue C, pp.56-72, 2015.

  • "What Asset Prices Should be Targeted by a Central Bank?"
    Journal of Money, Credit and Banking Vol.46, Issue 4, pp.817-836, 2014.

  • "Asset Prices, Nominal Rigidities, and Monetary Policy: Negative Monetary Policy Responses to Asset Price Fluctuations"
    Theoretical Economics Letters Vol.4, No.8, pp.634-638, 2014.

  • "Asset Prices, Nominal Rigidities, and Monetary Policy: Role of Price Indexation"
    Theoretical Economics Letters Vol.3, No.3, pp.182-187, 2013.

  • "An Application of Business Cycle Accounting with Misspecified Wedges" (joint work with Masaru Inaba)
    Review of Economic Dynamics Vol.15, Issue 2, pp.265-269, 2012.

  • "Note on Nominal Rigidities and News-Driven Business Cycles"
    Theoretical Economics Letters Vol. 2, No. 5, pp.431-434, 2012.

  • "Credit, Externalities, and Nonoptimality of the Friedman Rule" (joint work with Keiichiro Kobayashi and Masaru Inaba)
    Theoretical Economics Letters Vol. 2, No. 2, pp.203-208, 2012.

  • "Nominal Rigidities, News-Driven Business Cycles, and Monetary Policy" (joint work with Keiichiro Kobayashi)
    The B.E. Journal of Macroeconomics Vol.10, Issue 1 (Contributions), Article 24, pp.1-24, 2010.

  • "Internal and External Habits and News-Driven Business Cycles"
    Economics Letters Vol.107, Issue 2, pp.300-303, 2010.

  • "The Role of Investment Wedges in the Carlstrom-Fuerst Economy and Business Cycle Accounting" (joint work with Masaru Inaba)
    Economics Letters Vol.105, Issue 3, pp.200-203, 2009.

  • "Structural Changes and Economic Growth: Evidence from Japan"
    Economics Bulletin Vol.15, No.9, pp.1-11, 2008.

  • "Collateralized Capital and News-Driven Cycles" (joint work with Keiichiro Kobayashi)
    Economics Bulletin Vol.5, No.17, pp.1-9, 2007.

Working Papers:

  • "Asset Prices, Nominal Rigidities, and Monetary Policy: Case of Housing Price"
    Latest version: January 2017
    [CIGS WP version]

  • "When is the Laffer Curve for Consumption Tax Hump-Shaped?" (joint work with Kazuki Hiraga)
    Latest version: February 2016
    [CIGS WP version]

  • "Dynamic Effects of Fiscal Policy in Japan: Evidence from a Structural VAR with Sign Restrictions" (joint work with Kensuke Miyazawa)
    Latest version: November 2013
    [CIGS WP version]

  • "Asset Price Targeting Government Spending and Equilibrium Indeterminacy in a Sticky Price Economy"
    Latest version: November 2013
    [CIGS WP version]

  • "On Equivalence Results in Business Cycle Accounting" (joint work with Masaru Inaba)
    under revision

  • "Asset Pricing Accounting"
    Latest version: April 2007

  • "The Short-Run Effect of Technology Shocks: A Solow-Hall Approach"
    Latest version: May 2006

(Non-refereed) Publications in Japanese:

  • "Monetary Policy Response to Housing Price Fluctuation and Macroeconomic Stability"
    Economic Bulletin of Senshu University Vol. 51, No. 3, pp.153-162, 2017.
    (「住宅価格変動を考慮した金融政策運営とマクロ経済の安定性」 専修経済学論集 Vol. 51, No. 3, pp.153-162, 2017.)
  • "Paradoxes of Policy Effects under Zero Lower Bound of the Nominal Interest Rate: A Survey"
    Economic Bulletin of Senshu University Vol. 50, No. 3, pp.91-101, 2016.
    (「ゼロ金利下における政策効果のパラドックス:可視的アプローチによる俯瞰」 専修経済学論集 Vol. 50, No. 3, pp.91-101, 2016.)

Program Codes

Theses

  • News, Productivity, and Business Cycle Fluctuations
    September, 2008
    Ph.D. dissertation. University of Tokyo

  • The Short-Run Effect of Technology Shocks: A Solow-Hall Approach
    January, 2006
    M.A. thesis. University of Tokyo

  • Did Low Productivity Growth Cause Japan's Lost Decade?
    January, 2004
    B.A. thesis. University of Tokyo

Referee Service:

    Bulletin of Economic Research; Economics Bulletin; European Economic Review; Japan and the World Economy; Japanese Economic Review; Journal of Economic Dynamics and Control; Journal of Money, Credit and Banking; Journal of the Japanese and International Economies; Journal of Public Economic Theory; Macroeconomic Dynamics;