Publication:
"Central Bank Information Effects in Japan: The Role of Uncertainty Channel," (joint work with Ryo Matsumoto and Taiki Ono) Empirical Economics Vol.68, Issue 2, pp.855-877, 2025. [WP version]
"Nonlinear Effects of Uncertainty Shocks: State-dependency and Asymmetry," (joint work with Shiro Yuasa) Scottish Journal of Political Economy Vol.72, Issue 1, e12399, 2025. [WP version]
"COVID-19 Uncertainty Index in Japan: Newspaper-Based Measures and Economic Activities," (joint work with Taiki Ono) International Review of Economics & Finance Vol.93, Part A, 390-403, 2024. [WP version]
"Social pressure in football matches: An event study of 'Remote Matches' in Japan," (joint work with Shota Araki) Applied Economics Letters Vol.30, No.11, 1522-1525, 2023. (VOX column article) [WP version]
"On the relationship between fiscal multipliers and population aging in Japan: Theory and empirics," Economic Modelling Vol.108, Article 105772, March 2022. [WP version: "Fiscal multipliers in the most aged country: Empirical evidence and theoretical interpretation," HIAS-E-100, Hitotsubashi Institute for Advanced Study, Steptember, 2020.]
"An Effect of Population Aging on the Effectiveness of Fiscal Policy: Analysis using a panel VAR model," (Joint work with Hidekazu Niwa) Public Policy Review Vol.17 No.3, November 2021.
"Regime Switches in Japan's Fiscal Policy: Markov-Switching VAR Approach," (joint work with Jun-Hyung Ko) The Manchester School Vol.87, Issue 5 September, 724-749, 2019.
"The Effects of Anticipated Fiscal Policy Shock on Macroeconomic Dynamics in Japan," The Japanese Economic Review Vol.68 No.3 September, pp.364-393, 2017.
"An Equilibrium Foundation of the Soros Chart," (joint work with Takashi Kano) Journal of the Japanese and International Economies Vol.37 September, pp.21-42, 2015.
"Fiscal sustainability and regime shifts in Japan," (joint work with Jun-Hyung Ko) Economic Modelling Vol.46 April, pp.364-375, 2015.
"State-Dependent Effects of Fiscal Policy in Japan: Do Rule-of-thumb Households Increase the Effects of Fiscal Policy?" Journal of Macroeconomics Vol.43 March, pp.49-61, 2015.
"External shocks and Japanese business cycles: Evidence from a sign-restricted VAR model," Japan and the World Economy Vol.30 May, pp.59-74, 2014.
"Fiscal Policy under the Debt Feedback Rule: The Case of Japan," (joint work with Jun-Hyung Ko) Economics Bulletin Vol.31 No.3, pp.2373-2387, 2011.
Working paper:
"The Signaling Effects of Fiscal Announcements," (Joint work with Leonardo Melosi, Anna Rogantini Picco and Francesco Zanetti) ECB Working Paper Series No.3110.
"New Approach to Estimating the Productivity of Public Capital: Evidence from 22 OECD Countries," HIAS-E-141, Hitotsubashi Institute for Advanced Study, October, 2024.
"Forecasting GDP growth using stock returns in Japan: A factor-augmented MIDAS approach," HIAS-E-118, Hitotsubashi Institute for Advanced Study, March, 2022.
"Empirical Analysis on the Effects of Japanese Fiscal Policy under the Effective Lower Bound," HIAS-E-97, Hitotsubashi Institute for Advanced Study, March, 2020.
"Forecasting Public Investment Using Daily Stock Returns," HIAS-E-88, Hitotsubashi Institute for Advanced Study, August, 2019.
"How does hyperinflation shock the economy?: Panel VAR Approach," (joint work with Jun-Hyung Ko) TCER Working Paper Series, E-90, February, 2015.