〇Business cycle co-movement and stock market risk premiums over 145 years (April, 2025)
〇Ambiguity measures of factor returns and business cycles（with Takao Asano and Xiaojing Cai）(November, 2024) (Former title: Time-varying ambiguity shocks and business cycles)
Revise and Resubmit at Journal of Banking and Finance
〇Good carry trades and market dynamics（Yasuhiro Iwanaga）(November, 2025)
〇Business cycles and factor returns (November, 2025)
〇Intraday time series reversal（Yasuhiro Iwanaga）(November, 2025)
〇Does high-frequency consumption data predict equity risk premiums?
（Yutaka Miyashita and Yuki Yamamoto）(December, 2025)