Research

Published Papers (Refereed)

Endogenous Cycles in Collateralized Credit (with Vyacheslav Arbuzov, Yu Awaya, Makoto Watanabe). Journal of Money, Credit and Banking 56. 627--646. 2024.
A Model of Collateral: Endogenizing the Borrowing Constraint (with Yu Awaya, Makoto Watanabe). International Economic Review 62. 1131--1151. 2021.
Differences in Water Policy Efficacy across South African Water Management Areas (with Coulibaly Thierry Yerema, Mihoko Wakamatsu, Moinul Islam, Shunsuke Managi, Bingqi Zhang). Ecological Economics 175. 1--11. 2020.
Monitoring and Coordination for Essentiality of Money (with Yu Awaya). B.E. Journal of Macroeconomics 20. 1--7. 2019.
Imperfect Monitoring Is Necessary for Essentiality of Money. Economic Theory Bulletin 7. 19--26. 2018.
A Note on `Money Is Memory': A Counterexample (with Yu Awaya). Macroeconomic Dynamics 21. 545--553. 2017.

Working Papers

Book Chapters

An Economic Theory of Unemployment and Inequality in an Artificial Intelligence Society (in Japanese) (with Wataru Nozawa, Shunsuke Managi). In Shunsuke Managi (ed.) Economics of Artificial Intelligence. Minerva Shobo, Kyoto, Japan. Ch. 10. pp. 275--291. 2018.

Conference Presentations

2025. 2025 American Economic Association Annual Meeting (January).
2024. Japanese Economic Association 2024 Spring Meeting (May); 2024 Asia Meeting of the Econometric Society in East and Southeast Asia (August); Kyoto Summer Workshop on Digitalization and Macro-Prudential Policy (August); 2024 Summer Workshop on Money, Banking, Payments, and Finance (August).
2023. Kyoto Spring Workshop on Digitalization and Macro Prudence Policy (April).
2022. 24th INFER Annual Conference 2022 (June); Research Symposium on Finance and Economics 2022 (June).
2021. 2021 North American Summer Meeting of the Econometric Society (June); Western Economic Association International 96th Annual Conference (June); European Economic Association Meeting 2021 (August).
2019. 10th RCEA Macro, Money and Finance Conference (September).
2018. Beijing Energy Conference 2018 (September); Japanese Economic Association 2018 Fall Meeting (September); World Social Science Forum 2018 (September).

Affiliated Academic Society