Shiba Suzuki, Ph.D.
Current Position
Professor, Faculty of Economics, Seikei University
Fields of Research
Macroeconomics, Financial Economics, Asset Pricing
updated 04/07/2025
Contact Information
3-3-1, Kichijoji-Kitamachi, Musashino-shi, Tokyo, 180 - 8633
shiba.suzuki (atmark) econ.seikei.ac.jp
Past Positions
Professor, Faculty of Economics, Seikei University, Japan (April 2019- )
Visiting Scholar, Japan Research Centre, SOAS University of London, UK (September 2022 - August 2024)
Associate Professor, Faculty of Economics, Seikei University, Japan (April 2015 - March 2019)
Associate Professor, Department of Economics, Meisei University, Japan (April 2013 - March 2015)
Visiting Researcher, Department of Economics, Boston University, US (February 2013-March 2013)
Assistant Professor, Department of Economics, Meisei University, Japan (April 2010- March 2013)
Assistant Professor, Faculty of Urban Liberal Arts, Tokyo Metropolitan University, Japan (October 2009 - March 2010)
Education
Ph.D. in Economics, Hitotsubashi University, Japan (September 2009)
M.A. in Economics, Hitotsubashi University, Japan (March 2004)
B.A. in Economics, Keio University, Japan (March 2002)
Discussion and Working Papers
"Climate disasters and asset prices: A carbon-neutral transition analysis", with Hiroaki Yamagami, available at SSRN: submitted.
"Asset fire sales in an incomplete market economy," available at SSRN: revised and resubmitted.
Publications
"Pessimism toward climate disasters and asset prices: A quantitative investigation," with Hiroaki Yamagami, 2025, Economics Bulletin, vol. 45, issue 1, 595-605.
"On the effects of pessimism toward pollution-driven disasters on equity premiums" with Hiroaki Yamagami, 2024, Economic Theory Bulletin, https://doi.org/10.1007/s40505-024-00270-0.
"Great Kanto Earthquake and the Japanese Stock Market" with Takenobu Yuki (in Japanese). Japan Business History Review.
"Ambiguity in a pandemic recession, asset prices, and lockdown policy" with Keiichi Morimoto, 2022, Journal of Public Economic Theory, 1-32: https://doi.org/10.1111/jpet.12591. [SSRN]
"Information feedback in relative grading: Evidence from a field experiment," with Shinya Kajitani and Keiichi Morimoto, 2020, PLoS ONE 15(4): e0231548. https://doi.org/10.1371/journal.pone.0231548.
"Persistent catastrophic shocks and equity premiums: A note," with Makoto Saito, 2014, Macroeconomic Dynamics, vol. 18 no. 5, pp. 1161-1171.
"An exploration of the effect of doubt during disasters on equity premiums," 2014, Economics Letters, vol. 123, no.3, pp270-273.
"Stock market booms in economies damaged during World War II," 2012, Research in Economics, vol. 66 no. 2, pp. 175-183.
"Real interest rate as the measure of welfare in the economy with incentive constraints," 2009, Hitotsubashi Journal of Economics, vol. 50 no. 1, pp. 41-50.
"Risks after disasters: On the effects of precautionary savings on equity premiums," 2009, Economics Bulletin, vol. 29 no.1 pp. 329-338.
"On the effects of persistent catastrophic growth shocks on equity-risk premiums" (in Japanese) 2009, Hitotsubashi Economics, vol. 3 no. 2,pp.21-41.
Book
Introductory to Macroeconomic Theory, with Tomoo Inoue, Masanori Oono, and Chikara Komura ed. 2019, Tagashuppan. (in Japanese)
Microeconomics: Linear/Quadratic approach, with Shinya Kajitani, 2016, Nihonhyoronsha. (in Japanese)