Top Page


Tomomi Miyazaki

Associate Professor, Graduate School of Economics, Kobe University (on leave from February 2017 to March 2018)

Visiting Researcher, Department of Economics, University of California, Irvine

E-mail: miyazaki#econ.kobe-u.ac.jp  ("#" should be replaced with "@")
Last revised: September 15, 2017.


Educational Background
  •  Ph. D., Economics, Hitotsubashi University, May 2006
  •  M. A., Economics, Hitotsubashi University, March 2002
  •  B. A., School of Political Science and Economics, Waseda University, March 2000

Professional Experience and Affiliations
  • Associate Professor, Graduate School of Economics, Kobe University, April 2013 - present
  • Associate Professor, Faculty of Economics, Toyo University, April 2010 - March 2013.
  • Associate Professor, Faculty of Economics, Nagoya Gakuin University, April 2008 - March 2010.
  • Assistant Professor, Faculty of Economics, Nagoya Gakuin University, April 2005 - March 2008.
  • Research Fellow, Japan Society for Promotion of Sciences, April 2004 - March 2005.
  • Visiting Researcher, Department of Economics, University of California, Irvine, February 2017 - March 2018 (expected).
  • Concurrent Researcher, Institute of Comparative Economic Studies, Hosei University, April 2015 - March 2016. 
  • Visiting Research Fellow, the Institute of Social Science, Toyo University, April 2013 - present 
  • Part-time Research Fellow, Institute of Economic Research, Hitotsubashi University, April 2009 - March 2013. 

Research Interests
    Public Economics, Macroeconomics (Fiscal Policy), Regional Economics
  •  Public Investment and Regional Economy
  •  Fiscal Management in Central and Local Public Sector
  •  Effects of Fiscal Policy

Selected Publications (written in English)
  • The Sustainability of Japan's Government Debt: A Review.  Theoretical Economics Letters , forthcoming (co-authored with Kazuki Onji).
  • Public investment and regional business cycle fluctuations in Japan. Applied Economics Letters Vol. 24 (11), pp. 795-799, March 2017(Discussion paper version is downloadable from this website).
  • Local Public Investment and Regional Business Cycle Fluctuations in Japan. Economics Bulletin Vol. 37 (1), pp. A36, February 2017 (co-authored with Haruo Kondoh).
  • Fiscal stimulus effectiveness in Japan: evidence from recent policies. Applied Economics Vol.48 (27), pp.2506-2515, March 2016.
  • Fiscal reform and fiscal sustainability: Evidence from Australia and Sweden. International Review of Economics and Finance Vol.33, pp.141-151, September 2014.
  • Housing bubbles, government responses and economic/corporate adjustments: can Europe learn from Japan? In Wolff. G B. and Yoshii M., eds. Japan and the European Union in the Global Economy, Bruegel Blueprint No.22, pp.49-63, Bruegel Institute April 2014.
  • Optimal Monetary Policy in an Estimated Local Currency Pricing Model.  Advances in Econometrics Vol.78, pp.39-79, December 2012 (co-authored with Eiji Okano, Masataka Eguchi, and Hiroshi Gunji).
  •  On the Determinants of Fiscal Adjustment. International Economic Journal Vol.26 (1), pp. 23-36, March 2012.
  •  The effects of fiscal policy in the 1990s in Japan: A VAR analysis with event studies. Japan and the World Economy Vol.22 (2), pp.80-87, March 2010.
  •  Local Public Sector Investment and Stabilization Policy: Evidence from Japan. Public Policy Review Vol 6 (1), pp.153-166, March 2010.
  •  Public investment and business cycles: The case of Japan. Journal of Asian Economics Vol 20 (4), pp.419-426, August 2009.

Ph.D. Disseration
    Title: Essays on Macro-Fiscal Policy (in Japanese).
    Thesis Committee: Kazumi Asako (Advisor), Masayoshi Hayashi, Yasushi Iwamoto (Sub advisor), Shigeki Kunieda, Motohiro Sato (T.A.)

Presentation at International Conferences (After 2016)
  • Public Investment and Stock Prices: Cross-Industry Evidence from Japan. The 3rd Annual International Conference on Applied Econometrics in Hawaii, Ala Moana Hotel, USA, September 2017.
  • Property Tax and Land Use in Japan. 73rd Annual Congress of the International Institute of Public Finance, University of Tokyo, Japan, August 2017.
  • Public Investment and Stock Prices: The Case of Japan. 73rd Annual Congress of the International Institute of Public Finance, University of Tokyo, Japan, August 2017.
  • Public Capital and Asset Prices: Time-series Evidence from Japan.The 2017 annual meeting of the Public Choice Society, Hotel Monteleone, New Orleans, Louisiana, U.S., March 2017.
  • Public Investment and Stock Prices: The Case of Japan. Thirteenth Irvine-Zaiseihan Conference, UC. Irvine, US, February 2017.
  • Public Capital and Asset Prices: Time-series Evidence from Japan. Symposium on the special issue of the Journal of International Financial Markets, Institutions and Money, New Century Spa and Resort Pu'er, Pu'er, China, December 2016. 
  • Public Investment and Stock Prices: The Case of Japan. Marburg-Toyo Conference, The University of Marburg, Marburg, Germany, November 2016. 
  • Public Capital and Asset Prices: Time-series Evidence from Japan. The 15th International Conference of the Japan Economic Policy Association. Onuma International Seminar House, Hokkaido, Japan, October 2016.
  • Interactions between Regional Public and Private Investment: Evidence from Japanese Prefectures. 72nd Annual Congress of the International Institute of Public Finance, Harvey's Lake Tahoe, US, August 2016.
  • Public Capital and Asset Prices: Time-series Evidence from Japan. Symposium on the special issue of the Journal of International Financial Markets, Institutions and Money, Shanxi University, China, June 2016. 
  • Regional Effects of Fiscal Stimulus in Japan. Twelfth Irvine-Zaiseihan Conference, UC. Irvine, US, February 2016.


Fellowship and Competitive Research Grants for Overseas Study

Referee Experiences
    Japan and the World Economy (5), Public Finance Studies (Zaisei Kenkyu) (2), Hitotsubashi Journal of Economics, International Journal of Economic Policy Studies, Journal of Applied Regional Science, Review of Urban and Regional Development Studies (2), Applied Financial Economics, Studies in Applied Economics (Ohyo Keizai Kenkyu) (2), Bulltein of PPP Research Center (PPP Center Kiyo), Local Public Finance (Chihou Zaisei), Journal of Asian Economics, Social Science and Medicine, B.E. Journal of Macroeconomics, Public Choice Studies (Kokyo Sentaku), Journal of Personal Finance and Economics (Seikatsu Keizai Kenkyu), FinanzArchiv/Public Finance Analysis, Japanese Economic Review, Journal of Macroeconomics, Government Auditing Review (Kaikei-kensa Kenkyu) (2), Empirical Economics, Applied Economics, Journal of International Economic Studies, Sustainability, International Journal of Economics and Management, Public Finance Review
setstats1