Curriculum Vitae

excerpt from my full Curriculum Vitae.

(detailed version is at the bottom of the page)

ADDRESS 

Professor in  Economics,  Economics Department

Hosei University

4342 Aiharamachi, Machida 

Tokyo 194-0298 Japan

yagihashi [at] hosei [dot] ac [dot] jp 

(Also available through ResearchGate, LinkedIn, and Twitter) 

EDUCATION 

Ph.D., Economics, University of California, Davis, June 2008 

B.A., Economics, Keio University, Tokyo, Japan, March 1996 

FIELDS OF SPECIALIZATION 

Macroeconomics, International Macroeconomics, Applied Econometrics

TOPIC OF INTEREST 

Business Cycle Fluctuations, Health and Macroeconomics, Multisector Models, Factor Augmented Vector Autoregression, Causal Search Algorithm

REFEREED PUBLICATIONS  

       "Intertemporal Elasticity of Substitution with Leisure Margin'' 

         (with Juan Du), forthcoming in Review of Economics of the Household (link) , (wp ver) (online appendix)

       "The Common Sources of Business Cycles in Trans-Pacific Countries and the U.S.? A Comparison with NAFTA,”*

         (with Uluc Aysun), Apr. 2019, The World Economy, 42(4), 1077-1109, Wiley Blackwell. (link) (wp ver) (online appendix a) (online appendix b&c) (poster)

      "How Costly is A Misspecified Credit Channel DSGE Model in Monetary Policymaking?", 

        Jan. 2018, Economic Modelling, 68, 480-505, Elsevier. (link) (wp.ver)

      “Health Capital Investment and Time Spent on Health-Related Activities,” 

        (with Juan Du), Dec. 2017, Review of Economics of the Household, 15(4), 1215-1248, Springer. (link) (wp ver.)

      "How Do the Trans-Pacific Economies Affect the US? An Industrial Sector Approach" 

        (with David Selover), Oct. 2017, The World Economy , 40(10), 2097-2124, Wiley Blackwell. (link) (wp ver.)

      “Goods-Time Elasticity of Substitution in Health Production” 

        (with Juan Du), Oct. 2017, Health Economics, 26(11), 1474-1478, John Wiley & Sons, Ltd. (link) (wp ver.)

      “Empirical Identification of Factor Models,” 

        (with Piyachart Phiromswad), Sep. 2016, Empirical Economics, 51(2), 621-658, Springer. (link) (wp ver.)

      "Examining Industrial Interdependence Between Japan and South Korea: A FAVAR Approach,” 

        (with David Selover), Nov. 2015, Japan and the World Economy, 36, 67-87, Elsevier. (link) (wp ver.)

      “Health Care Inflation and Its Implication for Monetary Policy” 

        (with Juan Du), Mar. 2015, Economic Inquiry, 53(3), 1556-1579, Western Economic Association International. (link) (wp ver.)

      “Intertemporal Elasticity of Substitution and Risk Aversion: Are They Related Empirically?” 

        (with Juan Du), Mar. 2015, Applied Economics,47(15), 1588-1605, Taylor & Francis Journals. (link) (wp ver.)

      “Health Care Use, Out-of-pocket Expenditure, and Macroeconomic Conditions During the Great Recession,” 

        (with Juan Du), Jan. 2015, The B.E. Journal of Economic Analysis & Policy, 15(1), 1-38, De Gruyter. (link) (wp ver.)

      “Estimating Taylor Rules in a Credit Channel Environment,” 

        Dec. 2011, North American Journal of Economics and Finance, 22(3), 344-364, Elsevier. (link)

      “Are DSGE Approximating Models Invariant to Shifts in Policy?” 

        (with Timothy Cogley) Jan. 2010, The B.E. Journal of Macroeconomics, 10(1) (Contribution), Article 27, 1-31, De Gruyter. (link)

        (Online Appendix available here) 

OTHER PUBLICATIONS

(Manuscripts with asterisk are available upon request)

“Multiregional Macroeconomic Models Used by Policymakers: A Survey,”* Chapter 5 in Joint Research Report with Kyoto University, Ministry of Finance Japan, March 2021. 

    「NiGEMを用いたポストコロナの経済予測 (“NiGEM wo mochiita post Corona no Keizai yosoku”) 」*(“Long-term economic forecast after Corona pandemic using NiGEM”), Chapter 6 in Joint Research Report with Kyoto University, Ministry of Finance Japan, March 2021. 

       “Why Do Fiscal Multipliers Differ Across DSGE Models?”* Chapter 7 in Joint Research Report with Kyoto University, Ministry of Finance Japan, March 2021. 

       “DSGE Models Used by Policymakers: A Survey,” PRI Discussion Paper Series No. 20A-14, Ministry of Finance Japan, October 2020. 

     「日本の消費の異時点間代替弾力性についての一考察 (Nihon no Shouhi no Ijitenkan Daitai Danryokusei ni Tsuite no Ichikousatsu)」( “A Discussion on The Intertemporal Elasticity of Substitution for Consumption in Japan”) with Motoki Katano, Finance, 2020 May Issue, Ministry of Finance Japan.

         “The Cost of Omitting Credit Channel in DSGE Model: A Policy Mix Approach,” PRI Discussion Paper Series No. 20A-5, Ministry of Finance Japan. 

         “Intertemporal Elasticity of Substitution with Leisure Margin,” with Juan Du, forthcoming in Review of Economics of the Household. (wp ver.) (online appendix)

          “The Cost of Omitting Demographics in DSGE Models,”* with Wataru Takahashi, Chapter 6 in Joint Research Report with Kyoto University, Ministry of Finance Japan, March  2020. 

           “International Spillover Effect of a Fiscal Shock: Simulation Exercise Using A Large-Scale Macroeconometric Model”* Chapter in Joint Research Report with Kyoto University, Ministry of Finance Japan, March 2020. 

       「マクロ経済モデルのフロンティアー海外の活用事例を踏まえた考察 (“Macro Keizai Model no Frontier – Kaigai no Katsuyoujirei wo Fumaeta Kousatsu”)」( "A Discussion on The Frontier of Macroeconomic Models Used By Public Institutions Around the World") with Shogo Takahashi, Finance, 2019 June Issue, Ministry of Finance Japan.

       「労働供給ショックが日本経済に与える影響〜NiGEMを用いたシミュレーション (“Roudou Kyoukyuu Shock ga Nihon Keizai ni Ataeru Eikyou 〜 NiGEM wo Mochii ta Simulation")」* ("The Effect of Labor Supply Shock on the Japanese Economy 〜 Simulation Exercise Using NiGEM") with Shogo Takahashi and Daizo Kojima, Chapter 2 in Joint Research Report with Kyoto University, Ministry of Finance Japan, March 2019. 

WORKING PAPERS/WORK IN PROGRESS

        "Searching for the Empirical Linkages Between National Health and Economic Growth" with Piyachiart Phiromswad and Juan Du, presented at the WEAI meeting and  other places

        "What is the Impact of Mexico upon United States Industries?" with David Selover, presented at the SEA meeting.

        "Government Interventions, Program Participation and Stigma: An Analysis of Bank Participation in the Capital Purchase Program" with Larry Filer, presented at CEA meeting and at other places

        “Consumption and Health over the Life Cycle,” with Juan Du, presented at SEA meeting and at other places

OTHER RESEARCH PROJECTS  

        “Intersectoral Linkages of Output and the Role of Price Stickiness,” 

            (with Munechika Katayama).

        “Producer Price Index and the Monetary Policy,” 

        "Role of Trend Inflation in the Heterogeneous Pricing Model". 

PROFESSIONAL PRESENTATION (selected)

(Conference)

AEA Annual Meeting (x2), CEA Annual Conference (x2), EEA Annual Conference (x6), SEA Annual Meeting (x5), SEHO Annual Meeting, SERC Annual Meeting, Time Use Conference (@U. of Maryland),WEAI Annual Meeting (x2), ...

(Seminar series in Universities)

City College of New York, CUNY Graduate Center (x2), Hitotsubashi U.(x2), Kyoto U., Old Dominion U.(x2), Osaka U., Tohoku U., U. of Tokyo, ...

(Public institutions)

Bureau of Labor Statistics, Cabinet Office Japan (2x), Ministry of Finance Japan (2x),... 

TEACHING (Some materials can be found here)

Ph.D. 

    Advanced level Macroeconomics 

Masters

    Advanced Level Macroeconomics

    Global and Applied Macroeconomics (for MBA students)

Undergraduate 

    Intermediate Macroeconomics 

    Intermediate Microeconomics

    Econometrics

    International Economics

    Monetary Theory and Policy 

    Principles of Macroeconomics

JOURNAL REFEREE ACTIVITY (alphabetical order)

     International Review of Economics and Finance

    Journal of African Business

    Journal of Economic Theory

    North American Journal of Economics and Finance

    Review of Economic Dynamics