TAKAYAMA, Naoki

I have conducted research on macroeconomics with heterogeneous agents since I was in the Ph.D. program at the University of Minnesota. For instance, I studied the macroeconomic methodology for rigorously solving rational expectation equilibria with information friction where people may possess dispersed information. As an application, the methodology allows a consideration of the possibility that fluctuation in people's optimism and pessimism generates business cycles. I also examined household formation in the United States and Japan from macroeconomic perspectives, in addition to youth employment.

Furthermore, I have professional experiences in the fields of social security system, fiscal and monetary policy, and national accounts, having been a public servant in the government of Japan for more than 10 years.