update at 26 April 2016
|Division||Department of Comparative Contemporary Economics|
|Research fields||Macroeconomics, Business Cycle Theory, Economic Growth Theory|
Teaching and Research Appointments
|April 1996 − March 2001||Associate Professor, Institute of Social Science, University of Tokyo|
|April 1996 − March 1998||Visiting Chief Economist, Research Institute of Finance, Ministry of Finance|
|June 1998 − May 2004||Visiting Chief Economist, Economic Research Institute, Economic Planning Agency|
|April 2001 −||Professor, Institute of Social Science, University of Tokyo|
Publications (2015- )
- Keynesian Economics and Price Theory: Re-orientation of a Theory of Monetary Economy, Springer, Tokyo, Japan 2015.
- The Origin of Prolonged Economic Stagnation in Current Japan: the Factitious Deflation and the Meltdown of Firm as an Entity, Routledge, London 2015.
Journal Articles and Book Chapters
- “On the Limit of Human Cognition: Is Artisanship always Dominated by Profit Motive?” International Journal of Humanities Social Sciences and Education, Vol.2, Issue 6 (2015), 49-57.
- “Local altruism as an environmental ethic in CO2 emissions control,” Atmospheric and Climate Sciences, (2015), Vo.5, 433-440.
- “Public debt as a burden on the future generation: a Keynesian approach,” Theoretical Economics Letters (2015) Vol.5, 651-658
- “Ramsey’s belief and the plausibility of Keynesian economics,” Theoretical Economic Letters (2015), Vol.5, 725-729.
- “Modified Ramsey’s Rule, Optimal Carbon Tax and Economic Growth,” Atmospheric Climate Sciences (2016) Vol. 6, 224-235, coauthored with Morio Kuninori
- “Properties of the Social Discount Rate and Negative Intertemporal Externality in the Utility or Production Function,” Low Carbon Economy (2016) Vol.7, 47-53.
Selected publications ( -2014)
- The Theory of Business Cycle: A Structural Analysis of Contemprary Japanese Economy, University of Tokyo Press, January 1994. （Awarded by the 37th Nikkei-Keizai Tosho Bunka Prize）
- Modern Macroeconomic Dynamics, Co-eds with Kazumi Asako, University of Tokyo Press, April 1997.
- Economics of Growth and Cycles, Co-eds with Hiroshi Yoshikawa, University of Tokyo Press, February 2000.
- Understanding Business Cycle: The Economics of Speculative Bubbles and Non-Performing Debts, Chikuma-Shobo, April 2001.
- Dynamic and General Equilibrium Macroeconomics: Theory of Money and Effective Demand, University of Tokyo Press, September 2005.
- The Long Run Depression in Heisei Era: A Political Economic Approach, Eds, University of Tokyo Press, June 2008.
- Studying Foundamentals of Economics, Yuhikaku, August 2009.
- Foundamentals of the Theory of Money and Employment, Keiso-Shobo, May 2011.
- The Origin of Heisei Long Depression: From the Views of Employment and Finacial Markets, Iwanami-Shoten, December 2011.
- “Accumulation of Human Capital and the Business Cycle”(Coauthored with Kyoji Fukao), Journal of Political Economy, 101(1): pp.73-99, February 1993.
- “Finacial Globalization and Foreign Exchange Speculation” Sung-Jo Park and Seigo Hirowatari (eds.), Strategies Towards Globalization: European and Japanese Perspectives, Institute for Asian Studies, Berling Free University: pp.297-307, 2002.
- “The dynemically extended Keynesian cross and the welfare-improving fiscal policy”, Economics Letters,96(1): pp.23-29, 2007.
- “A welfare economics foundation of the full-employment policy”, Economics Letters, 102(1): pp.1-3, 2009.
- “A pure theory of aggregate price determination”, Theoretical Economics Letters Vol. 1 No.3: pp. 122-128, November 2011.
- “On the dynamic role of monopolistic competition in the monetary economy”(Coauthored with Yoshihiro Tamai) ,Theoretical Economics Letters, Vol. 1. No.3: pp.114-117, November 2011.
- “The Role of Money: Credible Asset or Neumeraire?”. Theoretical Economics Letters 2012 No.2, pp.180-182.
- “A Keynesian Model of a Small Open Economy under a Flexible Exchange Rate”. Theoretical Economics Letters 2012, Vol.2, pp.278-282.
- “A Keynesian Endogenous Growth Theory with a Rigorous Microeconomic Foundation”. Theoretical Economics Letters Vol.2, pp.365-368.
- “A Macroeconomic Consequence of Foreign Direct Investment: The Welfare Economics of Industrial Hollowing”. Theoretical Economics Letters 2012, Vol.2 412-417.
- “The Stability of a Regionally Fixed Exchage Rate System: Can Euro Be Sustained by Austere Fiscal Discipline?” Journal of Business and Economics, 2012 Vol.3, pp.249-254.
- “A Microeconomics Foundation for Optimum Currency Area: The Case for Perfect Capital Mobility and Immobile Labor Force”. Theoretical Economics Letters, Vol.2, 2012, pp.395-399.
- “A Study on Lucas' s “Expectations and the Neutrality of Money””. Theoretical Economics Letters, Vol.2, 2012, pp.438-440.
- “A Microeconomic Foundation for the Phillips Curveunder Complete Markets without any Price Stickiness: A Keynesian View”. Theoretical Economics Letters, Vol.2, 2012, pp.482-486 (coauthored with Y.Tamai).
- “The Aggregation Problem in the Employment Theory: The Representative Individual Model or Individual Employees Model?” Theoretical Economics Letters Vol.2, 2012, pp.530-533.
- “Endogenous Social Discount Rate, Proportional Carbon Tax, and Sustainability: Do We Have the Right to Discount Future Generations' Utility?” Environmental Systems Research, Vol.2, 2013.
- “How a Key Currency Functions as an International Liquidity Provision and Insurance System”. Theoretical Economics Letters, Vol.3 2012, pp.43-47.
- “The Evaluation of Dexterity and a Theory of the Growth of a Firm”. Forthcoming in Modern Economics.
- “Can Bailout Improve the Economic Welfare? A Structural Derivation of the Option Price”. Forthcoming in Theoretical Economics Letters.
- “A Study on Lucas' s “Expectations and the Neutrality of Money-II””. Forthcoming in Theoretical Economics Letters.
- “On the Endogenous Sustainability of Economic Growth: Why Is the Scale of Government Enlarged”? Forthcoming in Theoretical Economics Letters.
Topics of research
- (1) Microeconomic foundation for Keynesian economics as a dynamic and general equilibrium analysis: Towards the Unification the Macro and Micro econmics
- (2) Recionclilation of the Keynesian and Monetrarist views on money
- (3) Recapturing the welfare role of social security net as a forced insurance from the view of utilitarian: A critical view of Roles' Theory of Justice
- (4) Determining social discount rate and the optimal carbon tax rate under utilitarian definition of sustainability
- (5) Organization of social order and the role of education
Educational Activities in 2016
|Graduate School of Economics, University of Tokyo||Theoretical Environmental Economics|
|Faculty of Humanity and Environment, Hosei University||Microeconomics I, II; Macroeconomics I, II|