Research

Fields of Interest

• Macroeconomics, Monetary Economics, and Labor Economics

• Search Theory and Pricing in Frictional Markets

• Economics of Information, Learning, and Expectations

• Japanese Economy and Economic Policy

Published/Forthcoming Papers

• "Prominence and Market Power: Asymmetric Oligopoly with Sequential Consumer Search" (with Makoto Hanazono) International Economic Review, forthcoming.

• "Time Aggregation and Unemployment Volatility" (with Hiroaki Miyamoto) Economics Bulletin 43 (2023) 968-977.

• "Do General Equilibrium Effects Matter for Labor Market Dynamics?" (with Hiroaki Miyamoto) Economic Modelling, 119 (2023) 106108. Working paper version.

• "Employment and Hours over the Business Cycle in a Model with Search Frictions" (with Hiroaki Miyamoto and Masaru Sasaki) Review of Economic Dynamics, 31 (2019) 436-461. Working paper version.

• "Policy Interaction and Learning Equilibria" Macroeconomic Dynamics, 17 (2013) 920-935. Working Paper Version.

• "Taylor Rules and the Effects of Debt-Financed Fiscal Policy in a Monetary Growth Model" (with Hong Thang Nguyen) Economics Bulletin, 31 (2011) 2480-2490. Longer Version.

• "Employment and Hours of Work" (with Masaru Sasaki) European Economic Review 55 (2011) 176-192. Working Paper Version.

• "Precautionary Demand for Labour and Firm Size" (with Masaru Sasaki) Bulletin of Economic Research, 62 (2010) 133-153. Working Paper Version.

• "Money and Price Dynamics in a Market with Strategic Bargaining" Economics Bulletin, 30 (2010) 709-719.

• "A Global Analysis of Liquidity Effects, Interest Rate Rules, and Deflationary Traps" Economics Bulletin, 29 (2009) 1500-1506.

• "Low Nominal Interest Rates: A Public Finance Perspective" International Journal of Central Banking, 3 (2007) 61-93.

• "Unemployment Policies in an Economy with Adverse Selection" Bulletin of Economic Research, 59 (2007) 179-196. Working Paper Version.

• "Monetary Policy Arithmetic for a Deflationary Economy" Economics Letters, 87 (2005) 161-167. Working Paper Version.

• "Tight Money Policies and Inflation Revisited" (with Joydeep Bhattacharya) Canadian Journal of Economics, 35 (2002) 185-217. Working Paper Version; JSTOR link.

Working Papers/Current Projects

• "Hours of Work and the Labor Share" (with Hiroaki Miyamoto)

• "Robots and Unemployment" (with Hiroaki Miyamoto)

• "A Three-State Search-Matching Model of Labor Market Fluctuations" (with Hiroaki Miyamoto)

• "Growth and Unemployment: The Role of Extensive and Intensive Job Creation" (with Hiroaki Miyamoto)

• "Labor Market Frictions and Entrepreneurship in a Global Economy" (with Daisuke Oyama)

• "Beauty Contests and Asset Prices under Asymmetric Information" (with Ryuichiro Ishikawa)

• "Should Central Banks Purchase Government Bonds?"

Updated on 2024/4/9