Research
Keisuke Otsu
Peer-Reviewed Publications
Population aging, government policy and the postwar Japanese Economy, with Katsuyuki Shibayama, Journal of The Japanese and International Economies, forthcoming.
Efficiency, Distortions and Factor Utilization during the Interwar Period, with Alex Klein, B.E. Journal of Macroeconomics, forthcoming.
The post-crisis slump in Europe: a business cycle accounting analysis, with Florian Gerth, B.E. Journal of Macroeconomics: Advances, 2018, 18 (1), pp.1-25.
The credit spread and U.S. business cycles, with Junsang Lee, Korea and the World Economy, 2017, 18(1), pp.63-92.
Accounting for the business cycle relationship between Japan and Asia, with Hideaki Hirata, Journal of The Japanese and International Economies, 2016, 41, pp.57-68.
A neoclassical analysis of the Great Recession: a historical comparison, with Florian Gerth, Economics Bulletin, 2015, 35 (4), pp.2363-2372.
Organizational dynamics and aggregate fluctuations: the role of financial relationships, with Masashi Saito, Journal of Economic Dynamics and Control, 2013, 37 (12), pp. 3044-3058, supported by Grant in Aid from the Zengin Foundation for Studies on Economics and Finance.
Business cycle accounting of the BRIC economies, with Suparna Chakraborty, The B.E. Journal of Macroeconomics: Contributions, 2013, 13 (1), pp.1-33.
How well can business cycle accounting account for business cycles? Economics Bulletin, 2012, 32 (2), pp.1774-1784
Accounting for Japanese business cycles; a quest for labor wedges, Monetary and Economic Studies, Bank of Japan Institute for Monetary and Economic Studies, 2011, 29, pp.143-170
A Neoclassical Analysis of the Asian Crisis: Business Cycle Analysis for a Small Open Economy, The B.E. Journal of Macroeconomics, 2010, 10 (1), pp.1-39, supported by JSPS Grant in Aid for Scientific Research
A Neoclassical Analysis of the Postwar Japanese Economy, The B.E. Journal of Macroeconomics, 2009, 9 (1), pp.1-30
A neoclassical analysis of the Korean crisis, Review of Economic Dynamics, 2008, 11 (2), pp.449-471
Invited Peer-Reviewed Publications
Population aging and the potential growth in Asia, with Katsuyuki Shibayama, Asian Development Review, Asian Development Bank, 33 (2), pp.56-73.
Working Effort and the Japanese Business Cycle, Economic Review, Hitotsubashi University Institute of Economic Research, 61 (1), 2011, pp.20-29, supported by MEXT Grant in Aid for Scientific Research.
A Comparative Estimation of Financial Frictions in Japan and Korea, with Hakkil Pyo, Seoul Journal of Economics, 2009, 22 (1), pp. 95-121.
Real Business Cycle Theory and the Japanese Economy, (in Japanese) Kinyu Kenkyu, Institute for Monetary and Economic Studies, Bank of Japan, 27 (4), 2008, pp.45-86.
Working Papers
Regional Business Cycle and Growth Features of Japan, with Masaru Inaba, CIRJE Discussion Paper Series CIRJE-F-1005, 2016, Center for International Research on the Japanese Economy, supported by Japan Center for Economic Research Research Grant.
The Global Impact of Chinese Growth (with Ippei Fujiwara and Masashi Saito) School of Economics Discussion Paper KDPE-1115, 2011, University of Kent
International Business Cycle Accounting, School of Economics Discussion Paper KDPE-1010, 2010, University of Kent, supported by Murata Science Foundation
Work In Progress
Producing Leisure, with Mathan Satchi.
Medium Term Cycle Accounting, with Torsten Schmit and Martin Micheli.
Investment, Consumption and the Elasticity of Substitution, with Miguel Leon-Ledesma and Mathan Satchi.
Population aging, entrepreneurship and innovation, with Lee Ohanian and Kyle Herkenhoff.