Research

Information at IDEAS, and EconPapers

Publications:

  1. "Why is the Shape of the Laffer Curve for Consumption Tax Different from That for Labor Income Tax?" (joint work with Kazuki Hiraga) accepted by FinanzArchiv / Public Finance Analysis

  2. "What Drives Fluctuations of Labor Wedge and Business Cycles? Evidence from Japan" (joint with Masaru Inaba and Daichi Shirai) Journal of Macroeconomics Vol.72, 103402, 2022.

  3. "A Comparison of Behavior-Restriction and Test-and-Isolate Policies Using an Epidemiological Model" (joint with Keiichiro Kobayashi) Journal of International Economic Studies No.36, 139‒156, 2022.

  4. "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.

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

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

  7. "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.

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

  9. "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.

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

  11. "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.

  12. "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.

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

  14. "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.

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

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

Working Papers:

  1. "A benefit of monetary policy response to inequality" Latest version: April 2022 [CIGS WP version]

  2. "Trend Inflation, Asset Prices and Monetary Policy" Latest version: June 2021 [CIGS WP version]

  3. "A comparison of behavior-restriction and test-and-isolate policies using an epidemiological model" Latest version: May 2021 [CIGS WP version]

  4. "Fragility in Modeling Consumption Tax Revenue" (joint work with Kazuki Hiraga) Latest version: Feburuary 2019 [CIGS WP version] [Appendices]

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

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

  7. "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]

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

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

  10. "Asset Pricing Accounting" (Latest version: April 2007)

  11. "The Short-Run Effect of Technology Shocks: A Solow-Hall Approach" (Latest version: May 2006)

Book Review:

  1. "Book Review: Mainasu-kinri seisaku: Sanjigen-kinyū-kanwa no kōka to genkai (Negative Interest Rate Policy: Effects of ‘Qualitative and Quantitative Easing with a Negative Interest Rate' and its limitation) edited by Iwata Kazumasa, Samikawa Ikuko, and Japan Center for Economic Research." Social Science Japan Journal 2018(2), pp.379-382.

(Non-refereed) Publications in Japanese:

  1. "Monetary Policy Response to Oil Prices Fluctuation" Economic Bulletin of Senshu University Vol. 56, No. 3, pp.1-9, 2022.(「原油価格変動と金融政策運営」 専修経済学論集 Vol. 56, No. 3, pp.1-9, 2022.)

  2. "An Application of Business Cycle Accounting to Asset Pricing" Economic Bulletin of Senshu University Vol. 53, No. 3, pp.127-151, 2021.(「景気循環会計の資産価格への応用」 専修経済学論集 Vol. 53, No. 3, pp.127-151, 2021.)

  3. "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.)

  4. "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

  1. "News-Shock Subroutine for Prof. Uhlig's Toolkit" (Latest version: October 23, 2007) [manual / subroutine file / zip file of set with examples]

Theses

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

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

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

Referee Service:

Applied Economics Letters; Asian Economic Journal; Bulletin of Economic Research; Economic Analysis and Policy; Economic Inquiry; Economics Bulletin; European Economic Review; International Tax and Public Finance; Japan and the World Economy; Japanese Economic Review; Japanese Journal of Monetary and Financial Economics; 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; Scottish Journal of Political Economy; Singapore Economic Review;

Others:

Associate Editor of the Japanese Journal of Monetary and Financial Economics (June 2018-)