Member of Project
Job Experience
2002 - Professor, Institute of Economic Research, Hitotsubashi University
1999 - 2001 Associate Professor, Institute of Economic Research, Hitotsubashi University
1995 - 1999 Manager, Research and statistics Department, Bank of Japan
1992 - 1995 Assistant Manager, Payment System Division, Financial and Payment System Department, Bank of Japan
Education
1992 Ph.D., Economics, Harvard University
1982 B.A., Economics, The University of Tokyo
Selected Publications
Books
Atarashii Bukka Riron --- Bukka Suijun no Zaisei Riron to Kinyuu Seisaku no Yakuwari --- (Price Level Dynamics in a Liquidity Trap) (in Japanese) (with M.Iwamura) Tokyo: Iwanami Shoten, February 2004
Articles
"Optimal Monetary Policy at the Zero Interest Rate Bound: The Case of Endogenous Capital Formation," (with Tamon Takamura and Takeshi Kudo) COE/RES Discussion Paper Series, December 2005.
"Firm Age and the Evolution of Borrowing Costs: Evidence from Japanese Small Firms," (with Koji Sakai and Iichiro Uesugi), RIETI Discussion Paper Series, September 2005.
"Monetary and Fiscal Policy in a Liquidity Trap: The Japanese Experience 1999-2004." (with Mitsuru Iwamura and Takeshi Kudo) In Monetary Policy with Very Low Inflation in the Pacific Rim, NBER-EASE Volume 15, edited by Takatoshi Ito and Andrew Rose, University of Chicago Press, forthcoming.
"Optimal monetary policy at the zero-interest-rate bound'" (with Jung Taehun and Yuki Teranishi) Journal of Money, Credit, and Banking 37 (5), October 2005, pp.813-835.
"Characteristic Market Behaviors Caused by Intervention in Foreign Exchange Market," (with Takayuki Mizuno, Yukiko Saito, and Hideki Takayasu) In Practical Fruits of Econophysics: Proceedings of the Third Nikkei Econophysics Symposium, edited by H.Takayasu, 2005, Springer, 33-37.
"Are Firm Growth Rates Random? Evidence from Japanese Small Firms," (with Yukiko Saito) In Practical Fruits of Econophysics: Proceedings of the Third Nikkei Econophysics Symposium, edited by H.Takayasu, 2005, Springer, 277-282.
"Price Level Dynamics in a Liquidity Trap," (with Mitsuru Iwamura) RIETI Discussion Paper Series, January 2003.
"The Transmission of Monetray Policy through Borrower's Balance Sheets --Evidence from Panel Data on Japanese Firms--," (in Japanese) (with K.Hosono) The Economic Review, Vol. 53, No.2, 2002, pp.117-133.
"Tax policy and consumer spending: Evidence from Japanese Fiscal Experiments," (with Katsunori Watanabe and Takayuki Watanabe) Journal of International Economics 53, 2001, pp.261-281.
"Output-inflation Tradeoff at Near-zero Inflation Rates," (with Kenji Nishizaki) Journal of the Japanese and International Economies 14, 2000, 304-326. ABE Naohito
