Research

Research Interests

Macroeconomics; Income and Consumption Inequality; Productivity

Working Papers

Identification and Estimation of Production Function with Unobserved Heterogeneity

with Hiroyuki Kasahara and Paul Schrimpf.

Decomposition of Aggregate Productivity Growth with Unobserved Heterogeneity,

with Hiroyuki Kasahara and Mitsukuni Nishida.

Work In Progress

Response of Inequality to a Growth Rate Slowdown in Japanese Economy, 

with Nao Sudo and Tomoaki Yamada.

Publications

The effect of bank recapitalization policy on credit allocation, investment, and productivity: Evidence from a banking crisis in Japan, with Hiroyuki Kasahara and Yasuyuki Sawada, Journal of Banking and Finance, Vol. 158, 107047, 2024.

The Heterogeneous Effects of Covid-19 on Labor Markets: People’s Movement and Non-Pharmaceutical Interventions, with Kisho Hoshi, Hiroyuki Kasahara, Ryo Makioka, and Satoshi Tanaka, Journal of the Japanese and International Economies. Vol. 63, 101170, March 2022.

Trade-Off between Job Losses and The Spread of Covid-19 in Japan, with Kisho Hoshi, Hiroyuki Kasahara, Ryo Makioka, and Satoshi Tanaka, Japanese Economic Review, Vol. 72, Pages 683-716, October 2021.

Understanding the Costs of Consumer Durable Adjustments, Economic Inquiry, Vol. 54 (3), Pages 1561-1573, July 2016.

Wage, Income and Consumption Inequality in Japan, 1981-2008: from Boom to Lost Decades, with Jeremy Lise, Nao Sudo, Ken Yamada and Tomoaki Yamada, Review of Economic Dynamics, Vol. 17 (4), Pages 582–612, October 2014.

Does R&D Tax Credit Affect R&D Expenditure? The Japanese Tax Credit Reform in 2003,  with Hiroyuki Kasahara and Katsumi Shimotsu, Journal of the Japanese and International Economies, Vol.31, Pages 72-97, March 2014.

Consumption, Income, and Wealth Inequality in Canada, with Matthew Brzozowski, Martin Gervais, and Paul Klein, Review of Economic Dynamics, Vol. 13 (1), Pages 52-75, January 2010.