HOMEFaculty ≫ ASAKO, Kazumi

ASAKO, Kazumi

Professor / Economic Systems Analysis

Specialization:
Macroeconomics, Japanese Economy

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Education

1974 B.A. (Economics) University of Tokyo
1979 Ph.D. (Economics) Yale University

 

Positions held

1980 Assistant Professor, Institute of Socio-Economic Planning, University of Tsukuba
1983 Associate Professor, Department of Economics, Yokohama National University
1993 Professor, Department of Economics, Yokohama National University
1995-2015 Professor, Institute of Economic Research, Hitotsubashi University
   
2011-2013 Director of the Institute, Institute of Economic Research, Hitotsubashi University

 

Previous research

My main fields of specialization are macroeconomic theory and the empirical analysis of the Japanese economy. In addition, I am also interested in environmental problems. With regard to macroeconomic research, I almost exclusively concentrated on theoretical work in the 1980s, but gradually expanded my work to the empirical analysis of the Japanese economy through experiences gained as a visiting researcher at the Ministry of Finance Institute of Fiscal and Monetary Policy, the Research Institute of Capital Formation of the Development Bank of Japan, etc. One of the products of this research was the publication of Macro Stabilization Policy and the Japanese Economy (in Japanese) published in 2000 by Iwanami Shoten, which was awarded the Nikkei Prize for Excellent Books in Economics (2001) and the Japan Society of Household Economics Prize (2002). In the field of environmental economics, I have conducted estimations of the productivity of social capital as a factor of production and conducted theoretical and simulation research related to global warming.

 

Current research projects

In recent years, I have been concentrating on business cycle analysis, serving as the research leader of Grant-in-Aid for Scientific Research projects A1 (2002-2005) and S (2006-2010). The aim of these projects is to conduct theoretical and empirical research on topics such as the sluggishness of the economy, the determinants of business sentiment, and the construction of models to judge the state of the economy. In addition, I am working on extending my previous empirical research on the Japanese economy, systemizing my theoretical and empirical research on social overhead capital, and am planning to publish the results in a book.

 

Keywords
macroeconomic theory, empirical analysis of the Japanese economy, macro stabilization policy, environmental economics