CV
EMPLOYMENT
National Graduate Institute for Policy Studies (GRIPS), Japan, from April 2024 to present
Professor
Research Institute of Economy, Trade and Industry (RIETI), Japan, from April 2021 to present
Senior Fellow (Specially Appointed), from April 2022 to present
Senior Fellow, from April 2021 to March 2022
University of Tokyo, Japan, from April 2018 to March 2024
Professor, Faculty of Economics
Keio University, Tokyo, Japan, from September 2015 to March 2018
Professor, Faculty of Economics
City University of New York, New York, August 2011 to August 2015
Hunter College, Associate Professor, Department of Economics, August 2011 to August 2015
Graduate Center, Doctoral Faculty, July 2014 to August 2015
Federal Reserve Bank of New York, New York, Sept 2009 - August 2011
Senior Economist, Oct 2010 to August 2011
Economist, Sept 2009 to Sept 2010
University of Southern California, Marshall School of Business, Los Angeles, Aug 2007 - May 2009
Assistant Professor, Department of Finance and Business Economics
Goldman Sachs, Tokyo, Japan, April 1996 - July 1999
Fixed Income Division, Capital Markets Department, Feb 1997 - July 1999
Investment Banking Division, April 1996 - Feb 1997
EDUCATION
New York University, Ph.D in Economics, May 2007
Advisors: Thomas Sargent and Gianluca Violante
Harvard University, John F. Kennedy School of Government, Cambridge
M.P.A./I.D. Master in Public Administration/International Development, June 2001
Waseda University, Tokyo, Japan
School of Political Science and Economics, B.A. in Political Science, March 1996
PRIMARY RESEARCH FIELDS
Primary field: macroeconomics
Topics: Topics: income taxation, social security, health insurance, disability insurance, retirement, demographic aging, entrepreneurship, income and wealth distribution, inequality, family formation, Japanese economy.
PUBLICATIONS & WORKING PAPERS
OTHER AFFILIATIONS & ACTIVITIES
Trust Economics Research Group, Trust Companies Association of Japan, April 2024 - present
Financial Services Agency, Financial System Council, committee member, February 2023 - present
Economic and Social Research Institute, Cabinet Office, Senior Research Fellow, April 2023 – present
IMF’s External Advisory Panel on Gender, Advisor, March 2023 – present
UTokyo Economic Consulting Inc., Tokyo, Japan, Advisor, June 2022 - present
Research Institute of Economy, Trade and Industry (RIETI), EBPM Advisory Board, Tokyo, Japan, Advisor, May 2022 - present
Research Institute of Economy, Trade and Industry (RIETI), Tokyo, Japan, Visiting Fellow, September 2014 - August 2015, Faculty Fellow, June 2016 - May 2018 & August 2018-July 2020, Senior Fellow (Full-time), April 2021-March 2022, Senior Fellow (Specially Appointed), April 2022 - present
Centre for Applied Macroeconomic Analysis (CAMA), Australian National University, Research Associate, Dec 2016 - present
Center for Research and Education in Program Evaluation (CREPE), University of Tokyo, Member, June 2022 - present
Center for Advanced Research in Finance (CARF), University of Tokyo, Member, July 2018-March 2021, April 2022 - March 2024
Science Council of Japan, Tokyo, Japan, Associate Member, Oct 2020 - Sept 2026
Economic and Social Research Institute (ESRI), Cabinet Office, Government of Japan, Tokyo, International Joint Research Project, July 2019 - March 2021
Ministry of Finance Japan, Tokyo, Japan, Fiscal System Council, Committee, Member, April 2017 - March 2019
Government Pension Investment Fund, Japan (GPIF), Tokyo, Japan, Joint Research Project, Oct 2016 - Feb 2019
Australian National University, Visiting Scholar, Canberra, Australia, August 2016
Japanese Bankers Association (Zenginkyo), Tokyo, Japan, Researcher, April 2016 -March 2017
Inter-American Development Bank (IDB), Washington, D.C. , Research consultant, June - December 2014
Federal Reserve Bank of St. Louis, St Louis, Short-term visitor, September 2012
National Graduate Institute for Policy Studies (GRIPS), Tokyo, Short-term visitor, June 2012, and January 2013
The University of Tokyo, CIRJE, Short-term visitor, June-July 2007, and June 2010
International Monetary Fund, Washington, D.C., Research Department, Summer Intern, June - August 2004
Merrill Lynch & Co., New York and Tokyo, Credit Research Department, Intern, June - August 2000
Japan International Cooperation Agency (JICA), Tokyo, Intern, January - March 1994
Japan-America Student Conference, Washington, D.C., Intern, June-Aug 1993
Yujin Gakuin (public primary school), Eugene, Oregon, Assistant instructor of Japanese language, volunteer, Jan - May 1993
University of Oregon, Eugene, Oregon, Exchange student, September 1992 - May 1993
INVITED SEMINARS, LECTURES & CONFERENCE PRESENTATIONS (incl. scheduled)
2024
Asian Economic Policy Review (AEPR) Conference, Tokyo (September)
KER-KEA International Conference, Pyeongchang, Korea (invited speaker) (June)
Society of Economics of the Household Conference, Singapore (May)
Japanese Economic Association Annual Meetings (panel session), Tokyo (May)
Kobe University, Kobe (April)
Bank of Japan-IMF Conference, Tokyo (keynote presentation) (April)
Australian National University, Canberra (March)
GRIPS-UTokyo Macroeconomics and Policy Workshop, Tokyo (March)
2023
University of Hong Kong (Feb)
Research Institute of Economy, Trade and Industry (RIETI), BBL discussant (Feb), Discussion Paper Seminar (March, July), Workshop discussant (July)
Ministry of Finance, Study Session for Young Staff Members (March)
Asian Meeting of the Econometric Society (AMES) in Beijing, China, presenter and discussant (June)
Economic and Social Research Institute (ESRI), Tokyo (August)
Tohoku University, Sendai (October)
Macro Conference (discussant), Osaka University (November)
National Economic Advisory Council (NEAC) Conference in Seoul, Korea (invited panelist) (November)
Korea-Japan Economic Forum, Tokyo (keynote presentation) (November)
OzMac Macroeconomics Workshop, Monash University, Australia (November)
National Graduate Institute for Policy Studies (GRIPS) (December)
Hitotsubashi University, Tokyo (December)
2022
University of Houston (Feb)
Research Institute of Economy, Trade and Industry (RIETI) (Feb)
Japan Association of Corporate Executives (March)
Korean Women Economists' Network (KWEN) (invited presentation) (April)
China Development Institute Conference (invited lecture) (April)
Waseda University (May)
Japanese Economic Association Annual Meetings (discussant) in Tokyo (May)
China International Conference in Macroeconomics (CICM) in Shenzhen (June)
SAET Conference in Sydney (July)
Japan Women's Innovative Network (J-Win) (July)
Asian Meeting of Econometric Society in Tokyo (August)
International Pension Research Association (IPRA) Webinar (invited presentation) (September)
Kyoto University and Kansai Macroeconomics Seminar (September)
Chung-Ang University (CAU) Public Economics Conference (October)
Japanese Economic Association Annual Meetings (discussant) in Tokyo (October)
Asian and Australasian Society of Labour Economics (AASLE) Conference in Tokyo (December)
NBER Japan Project Meeting (December)
2021
Economic and Social Research Institute (ESRI) in Tokyo (January)
Hitotsubashi University (February)
University of Tokyo, RCAST (March)
University of Ottawa, Canada (April)
University of Tokyo, Tokyo College (April)
Japanese Economic Association Annual Meetings, Tutorial Session (May)
Tokyo Foundation for Policy Research (May)
SAET Conference in Seoul (June)
Daiwa Institute of Research (July)
Research Institute of Economy, Trade and Industry (RIETI) (July)
RIETI-KIET-TIER Workshop (October)
NBER Japan Project Meeting (December)
2020
GRIPS-UT Macroeconomics and Policy Workshop in Tokyo (February)
Research Institute of Economy, Trade and Industry (RIETI) (April/August)
Delegation of the European Union to Japan (June)
Australian National University/CAMA (Sept)
University of Mannheim, Germany (November)
University of Bonn, Germany and University College London, UK (November)
Goethe University Frankfurt, Germany (November)
2019
Research Institute of Economy, Trade and Industry (RIETI) in Tokyo (Jan)
Maison Franco-Japonaise in Tokyo (Jan)
Macro workshop in National Taiwan University-GRIPS Workshop in Taipei (keynote) (Feb)
Conference of Wealth Distribution and Macroeconomics in Beijing (keynote) (June)
NBER Japan Project Meeting in Tokyo (discussant) (July)
Bank of Japan/Bank of Canada/Philadelphia Fed Workshop (invited lecture) (Sept)
Keio University (Nov).
2018
Research Institute of Economy, Trade and Industry (RIETI) in Tokyo; Summer Workshop on Economic Theory (SWET) at Hokkaido University; Research Institute of Economy, Trade and Industry (RIETI) BBL Seminar in Tokyo; Korea Institute for Public Finance (KIPF) in Seoul; Tsinghua University, PBC School of Finance in Beijing; Kinzai Institute for Financial Affairs in Tokyo; Ministry of Health, Labour and Welfare (MHLW) in Tokyo.
2017
Cabinet Office in Tokyo; Mitsubishi Economic Research Institute (MERI) in Tokyo; Bank of Korea in Seoul.
2016
Keio University, Japan Center for Economic Research (JCER), Research Institute of Economy, Trade and Industry (RIETI), Ministry of Finance Japan, Otaru University of Commerce, Hitotsubashi University, University of Tokyo, Japanese Economic Association 2016-Spring Meeting at Nagoya University (Nakahara Prize lecture), Australian National University, Japanese Economic Association 2016-Fall Meetings at Waseda University (invited lecture), Kyoto University.
2015
North American Winter Meeting of the Econometric Society in Boston, Research Institute of Economy, Trade and Industry (RIETI) (4), Keio University, National Graduate Institute for Policy Studies (GRIPS), Bank of Japan, Asian Development Bank (ADB) Institute, CEPAR Retirement Income Modelling Workshop at University of New South Wales in Sydney.
2014
Inter-American Development Bank (IDB), North American Summer Meeting of the Econometric Society in Minneapolis, Macro Conference at Shanghai University of Finance and Economics (SHUFE), Keio University.
2013
National Graduate Institute for Policy Studies (GRIPS), Federal Reserve Bank of Chicago, Inter-American Development Bank (IDB), Instituto Tecnológico Autónomo de México (ITAM), Federal Reserve Bank of Kansas City, Kansas State University, Canon Institute for Global Studies (CIGS) Conference on Macroeconomic Theory and Policy (discussion), Society for Economic Dynamics (SED) Meetings in Seoul, Korea, University of Connecticut, Macro Conference at University of Illionis at Urbana-Champaign, Midwest Macroeconomics Meetings in Minnesota, CUNY Graduate Center Macro Colloquium.
2012
Paris School of Economics, Midwest Macroeconomics Meetings at Duke University, Quantitative Society for Pensions and Saving (QSPS) Summer Workshop at Utah State University, National Graduate Institute for Policy Studies (GRIPS) in Tokyo, Hunter College CUNY, Federal Reserve Bank of St Louis and Washington University in St Louis, Emory University.
2011
Hunter College CUNY, Yeshiva University, CUNY Graduate Center, Midwest Macroeconomics Meetings at Vanderbilt University, NYU Alumni Conference, Canon Institute for Global Studies (CIGS) Conference on Macroeconomic Theory and Policy.
2010
AEA Annual Meetings in Atlanta, Japanese Economic Association Annual Meetings at Chiba University (invited lecture), University of Tokyo, National Graduate Institute for Policy Studies (GRIPS), SED Meetings in Montreal, University of Quebec at Montreal (UQAM), Queen's University, Rutgers University, SUNY Albany, Federal Reserve Bank of Kansas City
2009
University of Hawaii, Federal Reserve Bank of New York, Stony Brook University, Federal Reserve Bank of Philadelphia
2008
NBER Conference on Demography and the Economy, University of Southern California, UC San Diego, University of Tokyo, Bank of Japan, New York/Philadelphia Fed Workshop on Quantitative Macroeconomics
2007
AEA Annual Meetings in Chicago, Columbia GSB, University of Maryland, University of Illinois at Urbana-Champaign, Federal Reserve Bank of Atlanta, University of Tokyo (2), University of Pennsylvania, Bank of Japan
2006
Carnegie-Rochester Conference, University of Southern California Marshall, New York University Stern, University College London, Federal Reserve Bank of Chicago
2005
Federal Reserve Bank of Atlanta, University of Tokyo, Chicago-NYU College Bowl, German Workshop in Macroeconomics in Wuerzburg, Society for Economic Dynamics (SED) Meetings in Budapest, Midwest Macroeconomics Meetings in Iowa City
2004
IMF Workshop on DSGE Modeling
AWARDS, GRANTS & FELLOWSHIPS
Grants-in-Aid for Scientific Research (B), Principal Investigator, Japan Society for the Promotion of Science, 2022-2025
Grants-in-Aid for Transformative Research Areas, Co-investigator (PI: Ayako Kondo), Japan Society for the Promotion of Science, 2022-2025
Grants-in-Aid for Scientific Research (A), Co-investigator (PI: Daiji Kawaguchi), Japan Society for the Promotion of Science, 2022-2025
Grants-in-Aid for Fund for the Promotion of Joint International Research, Co-investigator (PI: Yasuyuki Sawada), Japan Society for the Promotion of Science, 2022-2028
Grants-in-Aid for Specially Promoted Research, Co-investigator (PI: Isamu Yamamoto), Japan Society for the Promotion of Science, 2022-2026
Grants-in-Aid for Scientific Research (B), Principal Investigator, Japan Society for the Promotion of Science, 2019-2022
Grants-in-Aid for Specially Promoted Research, Co-investigator (PI: Hidehiko Ichimura), Japan Society for the Promotion of Science, 2018-2021
Nomura Foundation, Social Science Research Grant, 2017
Grants-in-Aid for Scientific Research (C), Principal Investigator, Japan Society for the Promotion of Science, 2016-2018
Grants-in-Aid for Scientific Research (B), Co-investigator (PI: Kazuhito Ikeo), Japan Society for the Promotion of Science, 2015-2017
Japan Center for Economic Research, Research Grant, 2016
Nakahara Prize, Japanese Economics Association, 2016
Tokyo Center for Economic Research, Research Grant, 2015
Jiro Enjoji Memorial Prize, Japan Center for Economic Research, 2015
Japanese Bankers Association (Zenginkyo) Research Grant, 2014
Murata Science Foundation, Research Grant, 2013
Professional Staff Congress-City University of New York (PSC-CUNY) Research Award, 2012-2013, 2013-2014, 2014-2015
Abe Fellowship, Social Science Research Council, 2012
Advancing Scholarship in the Humanities and Social Sciences Initiative at USC, 2009
Steven H. Sandell Grant Program, Center for Retirement Research at Boston College, Research Grant, 2008
CV Starr Center Fellowship, New York University, 2007
Dean's Dissertation Fellowship, New York University, 2005/2006
Graduate Research Assistantship, New York University, 2003, 2004, 2005
IMF Joint-Japan Scholarship, 2001/2003
AT&T Leadership Award, 1999/2000
Exchange program scholarship, Waseda University and University of Oregon, 1992/1993
SERVICES AND OTHER ACTIVITIES
Journal Referee Services
American Economic Journal Economic Policy
American Economic Journal Macroeconomics
American Economic Review
B.E. Journal of Economic Policy & Analysis
B.E. Journal of Macroeconomics
Current Issues in Economics and Finance
Econometrica
Economic Inquiry
Economic Journal
Economic Modelling
Economic Record
Economic Systems
Economic Theory
Economics Letters
Empirical Economics
European Economic Review
FinanzArchiv (Public Finance Analysis)
International Economic Review
International Tax and Public Finance
Japanese Economic Review
Journal of Asian Economics
Journal of Economic Behavior and Organization
Journal of Economic Dynamics and Control
Journal of Economic Inequality
Journal of Economic Theory
Journal of the Economics of Ageing
Journal of the European Economic Association
Journal of the Japanese and International Economies
Journal of Monetary Economics
Journal of Pension Economics and Finance
Journal of Political Economy
Journal of Public Economics
Journal of Public Economic Theory
Macroeconomic Dynamics
Quantitative Economics
Review of Economic Dynamics
Review of Economic Studies
Scandinavian Journal of Economics
Editorial Work
Public Finance Review, Editorial Advisory Board, January 2017 - present
Journal of The Japanese and International Economics, Associate Editor, June 2021 - present
Grant Evaluation Services
National Science Foundation (NSF)
Social Sciences and Humanities Research Council of Canada (SSHRC)
Japan Society for the Promotion of Science (JSPS)
External Thesis Examiner
Hitotsubashi University
Australian National University
University of New South Wales
University of Melbourne
Member
Econometric Society
American Economic Association
Japanese Economic Association
TEACHING EXPERIENCE
NYU, Economics, Macroeconomics (PhD core) (TA, taught by John Leahy and Lars Ljungqvist) , Advanced Macroeconomics (PhD elective) (TA, taught by Thomas Sargent and Frank Schorfheide)
NYU, Stern School of Business, Advanced Macroeconomics (MBA) (TA, taught by Lars Ljungqvist and Tom Sargent)
USC, Marshall School of Business, Intermediate Macroeconomics (Undergraduate)
Hunter College and Graduate Center, City University of New York, Money and Banking (Undergraduate), Quantitative Macroeconomics (PhD)
Keio University, Money and Banking (Undergraduate, upper level), Advanced Macroeconomics (Graduate), Introduction to Japanese Economy (PEARL program, Undergraduate, lower level), Quantitative Macroeconomics (Upper undergraduate and graduate level), Research Seminar (Undergraduate, upper level)
University of Tokyo, International Finance (Undergraduate, upper level), Macroeconomic Models of Heterogeneous Agents (Graduate), Macroeconomics (Graduate), Research Seminar (Undergraduate, upper level), Family and Macroeconomics (Graduate), CREPE Summer Internship Program (Undergraduate).
National Graduate Institute for Policy Studies (GRIPS), Topic Course on Family and Macroeconomics (PhD)
MISCELLANEOUS
Conference Organization
Co-organizer, New York/Philadelphia Workshop on Quantitative Macroeconomics , 2012 (fall and winter) and 2011 (winter), at Federal Reserve Bank of Philadelphia (2011) and the Roosevelt House at Hunter College, CUNY (2012)
Co-organizer, KEIO-GRIPS Macroeconomics and Policy Workshop in Tokyo (2016, 2017)
Co-organizer, Macro Labor Workshop at Keio University (2016)
Co-organizer, UT-GRIPS Macroeconomics and Policy Workshop in Tokyo (2018, 2019, 2020, 2024)
Conference Committees
Computing in Economics and Finance (CEF) conference (2021 in Tokyo, 2022 in Dallas)
China International Conference in Macroeconomics (2019, 2021, and 2022)
Asia Meeting of the Econometric Society (2022 in Tokyo)
Seminar Coordination
2024-present Co-organizer, Economics Workshop at National Graduate Institute for Policy Studies (GRIPS)
2020-2021 Co-organizer, VEAMS (Virtual East Asia Macroeconomics Seminar Series)
2019-2021 Co-organizer, Macroeconomics Workshop at the University of Tokyo
2015-2017 Co-organizer, Keio University Macroeconomics Seminar
2011-2015 Co-organizer, Hunter College Economics Seminar
2007-2009 Organizer, USC Marshall School of Business Macroeconomics Seminar
2010-2011 Organizer, BBL Seminar at the Federal Reserve Bank of New York
Award Committee Services
Japanese Economic Association, Nakahara Prize Committee Member 2018, 2019 (chair), 2020
Japanese Economics Association, Young Female Researcher Award Committee Member 2021, 2023
Japan Center for Economic Research (JCER), Jiro Enjoji Memorial Prize, Committee Member, 2021
NEWS ARTICLES (寄稿記事)
日本評論社 経済セミナー『 行政データと実証経済学』『自治体税務データを使った所得格差研究のフロンティア』(鈴木通雄・山田知明氏と共著)2023年6・7月号
東洋経済『経済学者が読み解く現代社会のリアル』『かつて女性を救った制度も今では就業と所得増の「壁」』2022年7月30日
ANA総合研究所 ていくおふ 『成長の原動力となる「人」の活躍には何が必要か』 No. 168 2022年7月
朝日新聞 耕論 2022年6月17日
朝日新聞 デジタル 2022年6月18日
日本経済新聞 経済教室 2015年12月2日、2018年6月14日、2020年1月10日、2022年1月7日
日本評論社 経済セミナー『 多様性に目を向けたマクロ経済学の可能性』(向山敏彦氏との対談)2021年2月
日本評論社 経済セミナー 連載『定量的マクロ経済学と数値計算』(砂川武貴・山田知明氏と共著)2018年12月~2020年2月
週刊ダイヤモンド コラム 数字は語る 2016年8月13日、2016年10月15日、2017年1月21日
日経ビジネス 気鋭の論点 2010年6月7日、2010年12月6日、2014年8月18日(オンライン)、2015年10月26日、2016年4月4日
経済産業研究所(RIETI)コラム
*「年金改革の長期的・短期的視点と残された選択肢」2015年4月20日
*「米国における中間層の消失:教育水準や世代における格差拡大の観点」(菊池信之介氏と共著)2020年7月
*「高齢化、女性の労働参加とマクロ経済」2022年1月日本経済新聞やさしい経済学 「米国の公的年金研究」 2012年4月10~17日
East Asia Forum Quarterly 8(3), September 2016, also online on October 24, 2016
Nikkei Asian Review, August 25, 2016
VoxEU Column, May 15, 2016, "Costs of policy uncertainty and delaying reform: The case of ageing Japan"
VoxEU Column, June 7, 2019, "Fiscal Sustainability in Japan: What to Tackle," (with Selo Imrohoroglu and Tomoaki Yamada)
VoxEU Column, May 2, 2020, "Heterogeneous employment vulnerability and inequality in Japan," (with Shin Kikuchi and Minamo Mikoshiba)
VoxEU Column, March 30, 2020, "Tax and social insurance benefits for low-income spouses stand as obstacles for women’s participation and wage growth in Japan," (with Minamo Mikoshiba)
Korea Herald, Column, March 7, 2024, Views on Demographic Drag, "Declining Fertility: How it Relates to the Macroeconomy and Growth"