Keisuke Otsu


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Peer-Reviewed Publications

Accounting for the business cycle relationship between Japan and Asia, with Hideaki Hirata, Journal of 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 Macroeconomics2010, 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 Macroeconomics2009, 9 (1), pp.1-30

A neoclassical analysis of the Korean crisis, Review of Economic Dynamics2008, 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 CycleEconomic 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 Economics2009, 22 (1), pp. 95-121.

Real Business Cycle Theory and the Japanese Economy, (in Japanese) Kinyu Kenkyu, Institute for Monetary and Economic StudiesBank 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. 

Efficiency, Distortions and Factor Utilization during the Interwar Period, with Alex Klein, School of Economics Discussion Paper, University of Kent, 2013, KDPE-1317.

Credit spreads and the U.S. business cycles, (with Junsang Lee) School of Economics Discussion Paper KDPE-1123, 2011, University of Kent

The Global Impact of Chinese Growth (with Ippei Fujiwara and Masashi Saito) School of Economics Discussion Paper KDPE-1115, 2011, University of Kent

International Busisness Cycle Accounting, School of Economics Discussion Paper KDPE-1010, 2010, University of Kent, supported by Murata Science Foundation

Work In Progress

Producing Leisure, mimeo, supported by University of Kent Faculty of Social Sciences Small Research Grant

Comparing nonlinear solution methods for dynamic stochastic general equilibrium models: mimeo, Supported by Bank of Japan, Institute for Monetary and Economic Studies