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Faculty Members ＞ ASAKO, Kazumi (Professor)
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Institute of Economic Research Hitotsubashi University

2-1 Naka, Kunitachi City,
Tokyo 186-8603, JAPAN

Tel +81 42 580 8327

Fax +81 42 580 8333
 
Papers and Publications
[Books]
1. Asako, K., Studies on the Japanese Business Cycle, Economic Research Series 42, Institute of Economic Research at Hitotsubashi University, Maruzen Publishing Co., Ltd., February 2012, xiv+411 pages.
 
[Articles and Notes]
(**= refereed and accepted)
( * = invited and refined based on editorial comments)
*27. Asako, K. and Katsuaki Ochiai, “Macroeconomic Adjustment to the Lehman Shock in Japan,” Journal of East Asian Economic Integration, Vol.14 No.1 (June 2010): pp. 3-46.
*26. Asako, K. and Miho Takizawa, “Marginal Productivity Principle and
Measurement Biases in TFP: Evidence from International Productivity
Database,” Public Policy Review, Vol.6 No.2 (March 2010): pp. 261-286.
*25. Tonogi Konomi, Katsuaki Ochiai, and K. Asako, “Business Cycles in Japan and in Asian Countries: Tests of Comovements between CI and Trade Statistics,” Public Policy Review, Vol.6 No.2 (March 2010): pp. 237-260.
**24. Liu, Zhentao and K. Asako, “Transfiguration of the Foreign Exchange Market since the Euro Introduction,” Applied Financial Economics, Vol.19 Issue.22 (November 2009): pp. 1803-1812.
*23. Asako, K., Koichi Ando, and Kazuyuki Matsumoto, “Firms’ Perceptions of the Business Cycle and Their Managerial and Financial Conditions,” Public Policy Review, Vol.3 No.1 (December 2007): pp. 1-26.
*22. Asako, K., Hitoshi Suzuki, and Masao Tsuri, “Japan,” in Akira Kohsaka ed., Fiscal Deficits in the Pacific Region, Routledge Studies in the Modern World Economy，Routledge (2004): pp. 168-207.
*21. Asako, K. and Morio Kuninori, “On Vulnerability of International Cooperation to Slow Global Warming,” The Economic Review (Keizai Kenkyu), Vol.52 No.1 (January 2001): pp. 52-60.
**20. Shigeyuki Hamori and K. Asako, “Government Consumption and Fiscal Policy: Some Evidence from Japan,” Applied Economics Letters, Vol.6 No.9 (September 1999): pp. 551-555.
19. Asako, K., Mikio Murasaki, Naoya Tamada，and Chie Matsushita, “The
Privatization Policies in Pakistan―Current Situation and Future Challenges,” OECF Research Papers No.19, (October 1997): 77 pages.
*18. Asako, K. and Satoru Kanoh, “Objectives of Japanese Monetary Policy― Estimation by the Time-Varying Logit Model,” The Economic Review (Keizai Kenkyu), Vol.48 No.4 (October 1997): pp. 351-367.
*17. Asako, K. and Yoshiyasu Ono, “Tariffs, Quotas, and Inventory Adjustment,” in Takatoshi Ito and Anne O. Krueger eds., Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, NBER－East Asia Seminar on Economics 3， The University of Chicago Press (1994): pp. 273-289.
**16. Asako, K. and Helmut Wagner, “Nominal Income Targeting versus Money Supply Targeting,” Scottish Journal of Political Economy, Vol.39 No.2 (May 1992): pp. 167-187.
*15. Asako, K., Takatoshi Ito, and Kazunori Sakamoto, “The Rise and Fall of Deficit in Japan, 1965-1990,” Journal of the Japanese and International Economies, Vol.5 No.4 (December 1991): pp. 451-472.
*14. Asako, K., “The Land Price Bubble in Japan,” Ricerche Economiche, Vol.45 No.2-3 （April/September 1991): pp. 167-184.
13. Asako, K., “Optimal Programs of Economic Growth with Social Overhead Capital and Its Congestion,” Economia (Journal of the Economic Society of Yokohama National University), Vol.42 No.1 Series No.109 (June 1991): pp. 1-18.
**12. Asako, K., “Money Supply vs Nominal Income Targets under Money Supply and Multiplier Uncertainties,” The Economic Studies Quarterly, Vol.42 No.2 (June 1991): pp. 117-123.
11. Asako, K., “On the Demand for Risky Asset with Stochastic Speculative
Bubbles,” Economia (Journal of the Economic Society of Yokohama
National University), No.98 (September 1988): pp. 32-42.
10. Asako, K., “Money Supply Rules and Non-Superneutrality of Money,”
Economia (Journal of the Economic Society of Yokohama National University), No.95 (December 1987): pp. 16-25.
*9. Asako, K. and Yuko Uchino, “Bank Loan Market of Japan―A New View on the Disequilibrium Analysis,” Bank of Japan Monetary and Economic Studies, Vol.5 No.1 (May 1987): pp. 169-216．
**8. Asako, K., “On the Optimal Short-Run Money-Supply Management under the Monetarist Long-Run Money-Supply Rule,” The Economic Studies Quarterly, Vol.38 No.1 (March 1987): pp. 46-60.
*7. Asako, K., “Money Supply Uncertainty and Activist Stabilization Policy under Rational Expectations,” The Economic Review (Keizai Kenkyu), Vol.35 No.4 (October 1984): pp. 368-371.
6. Asako, K. and Ryuhei Wakasugi, “Government Capital, Income Distribution, and Optimal Taxation,” Economia (Journal of the Economic Society of Yokohama National University), No.80 (March 1984): pp. 36-51.
**5. Asako, K., “The Utility Function and the Superneutrality of Money on the Transition Path,” Econometrica, Vol.51 No.5 (September 1983): pp. 1593-1596.
**4. Asako, K., “Rational Expectations and the Effectiveness of Monetary Policy with Special Reference to the Barro-Fischer Model,” Journal of Monetary Economics，Vol.9 No.1 (January 1982): pp. 99-107.
**3. Asako, K., “Heterogeneity of Labor, the Phillips Curve, and Stagflation,” The Economic Studies Quarterly, Vol.32 No.2 (August 1981): pp. 117-134.
**2. Asako, K., “Economic Growth and Environmental Pollution under the Max-Min Principle,” Journal of Environmental Economics and Management, Vol.7 No.3 (September 1980): pp. 157-183.
**1. Asako, K., “Environmental Pollution in an Open Economy,” The Economic Record, Vol.55 No.151 (December 1979): pp. 359-367.
[Miscellany]
5. Asako, K., Hitoshi Suzuki, and Masao Tsuri, “Japan,” in Pacific Economic
Outlook, Structure Project: Fiscal Policy Issues in the Pacific Region, Pacific
Economic Cooperation Council (2001): pp. 42-43.
4. Asako, K., “Comments (on Kuroda and Nomura),” in Kunio Okina and Tetsuya Inoue eds.，Monetary Policy in a World of Knowledge-Based Growth, Quality Change and Uncertain Measurement, Palgrave (2001): pp. 173-174.
3. Asako, K., “Inflation in China: A Cross Section Analysis,” Journal of Renmin University of China, Supplement (May 1997): pp. 26-27.
2. Asako, K., “Comment (on McCulloch),” in Takatoshi Ito and Anne O. Krueger eds.，Macro-economic Linkage: Savings, Exchange Rates, and Capital Flows, NBER―East Asia Seminar on Economics 3, The University of Chicago Press (1994): p. 184.
1. Asako, K., Takatoshi Ito and, Michihiro Ohyama, “Editors' Introduction,” Special Conference Issue: Fiscal Policies in Open Macro Economies, Journal of the Japanese and International Economies, Vol.5 No.4 (December 1991): pp. 301-303.
[Ph.D. Dissertation]
An Essay on the Announcement Impact and the Role of Stabilization Policy,
Ph.D. Dissertation submitted to Yale University (1979).
[Others]
1. Asako. K., “Message from the Director,” Institute of Economic Research Hitotsubashi University 2011, pp. 1-2.
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