Hiroshi Gunji (郡司 大志)
Professor, Faculty of Economics, Daito Bunka University
Address: 1-9-1 Takashimadaira, Itabashi, Tokyo 175-8571 Japan
Email: hgun ji [~at~] ic.daito.ac.jp
Daito Bunka / researchmap / researchgate / google scholar /
Refereed Papers
Gunji, Hiroshi, and Kazuki Miura (2025), “Re-examination of Monetary Policy Using a Shift-Share Regressor and Instrumental Variables,” Economics Bulletin, Volume 45, Issue 1, pp. 392–400, April 2025.
Gunji, Hiroshi, and Kazuki Miura (2025), “Do reserve requirements restrict bank behavior?” Review of Financial Economics, Vol. 43, Issue 2, pp. 147–165, April 2025. [WP]
Gunji, Hiroshi (2025), “Did the BOJ’s Negative Interest Rate Policy Increase Bank Lending?” The Japanese Economic Review, Vol. 76, pp. 91–120, January 2025. [DP]
Gunji, Hiroshi (2024), “Impact of the Kuroda Bazooka on Japanese households’ borrowing intentions,” Japan and the World Economy, Vol. 69, 101240, March 2024.
Gunji, Hiroshi, Kazuki Hiraga, and Kenji Miyazaki (2024) “Tax Deduction Matters: Elasticities of the Laffer Curve, Taxable Income, and the Tax Revenue,” International Advances in Economic Research, Vol. 30, Issue 1, pp. 1–19, February 2024. [WP]
Gunji, Hiroshi, Kazuki Miura, and Yuan Yuan (2023), “The effect of the Bank of Japan's Exchange-Traded Fund purchases on firm performance,” Asian Economic Journal, Vol. 37, Issue 3, pp. 346–370, September 2023. [WP]
Gunji, Hiroshi (2023), “Does Inflation Targeting Really Matter? Doubly Robust Estimation,” Applied Economics Letters, Vol. 30, Issue 12, pp. 1578–1581, July 2023. [WP]
Aono, Kohei, Hiroshi Gunji, and Hayato Nakata (2022), “Did the Bank of Japan’s Purchases of Exchange-Traded Funds Affect Stock Prices? A Synthetic Control Approach,” Applied Economics Letters, Vol. 29, Issue 20, pp. 1859–1863, November 2022. [WP]
Gunji, Hiroshi, and Kenji Miyazaki (2021), “An Industrial-Organization Approach to Conventional and Unconventional Monetary Policy,” Economic Notes, Vol. 50, Issue 3, pp. 1–22, June 2021. [WP]
Gunji, Hiroshi and Yuan Yuan (2018), “Bank Diversification and Monetary Policy,” Applied Economics Letters, Vol. 25, Issue 15, pp. 1087–1090, May 2018. [WP]
Gunji, Hiroshi, and Kenji Miyazaki (2017), “Why do Japanese women work so much less than Japanese men? A business cycle accounting approach,” Japan and the World Economy, Vol. 42, pp. 45–55, June 2017.
Gunji, Hiroshi, and Kazuki Miura (2017), “Competition among Regional Banks in Japan: Evidence from the Boone Indicator,” Journal of International Economic Studies, No. 31, pp. 65–86, March 2017.
Gunji, Hiroshi and Yuan Yuan (2017), “The Panzar-Rosse Statistic Revisited,” Theoretical Economics Letters, Vol. 7, pp. 30–34, December 2016.
Gunji, Hiroshi (2016), “Are Bitcoin Prices Rational Bubbles?” Empirical Economics Letters, Vol. 15, No. 9, pp. 819–824, September 2016.
Gunji, Hiroshi (2013), "Business Cycle Accounting under Catching up with the Joneses," Journal of International Economic Studies, No. 27, pp. 47–59, March 2013.
Okano, Eiji, Masataka Eguchi, Hiroshi Gunji and Tomomi Miyazaki (2012), "Optimal Monetary Policy in an Estimated Local Currency Pricing Model," Advances in Econometrics, Vol. 28, pp. 37–77, November 29, 2012. [DP]
Gunji, Hiroshi, and Kenji Miyazaki (2011), “Estimates of Average Marginal Tax Rates on Factor Incomes in Japan,” Journal of the Japanese and International Economies, Vol. 25, No. 2, pp. 81−106, June 2011. [WP]
Gunji, Hiroshi, and Kazuki Miura (2010), “Did A Rational Bubble Exist in the Vietnam Stock Market?” Empirical Economics Letters, Vol. 9, No. 5, pp. 449−457, May 2010.
Gunji, Hiroshi, and Yuan Yuan (2010), “Bank Profitability and the Bank Lending Channel: Evidence from China,” Journal of Asian Economics, Vol. 21, No. 2, pp. 129−141, April 2010.
Gunji, Hiroshi, and Yuko Nikaido (2010), “Convergence across Indian States: A Re-evaluation,” Journal of International Economic Studies, No. 24, pp. 133−153, March 2010.
Yuan, Yuan and Hiroshi Gunji (2010), “The Impact of Foreign Capital on the Chinese Banking Market,” China Economic Journal, Vol. 2, No. 3, pp. 285−296, March 2010.
Gunji, Hiroshi, Kazuki Miura, and Yuan Yuan (2009), “Bank Competition and Monetary Policy,” Japan and the World Economy, Vol. 21, No. 1, pp. 105−115, January 2009.
Gunji, Hiroshi, and Chie Hanaoka (2004), “Standard Error and Confidence Interval for QALY Weights,” Economics Bulletin, Vol. 9, No. 1, pp. 1−12, March 2004.
Gunji, Hiroshi (2003), “The Feldstein−Horioka Puzzle and Law,” Economics Bulletin, Vol. 11, No. 1, pp. 1−12, October 2003.
Gunji, Hiroshi (2003), “Structural Breaks and Currency Crises: A Stylized Fact,” Journal of International Economic Studies, No. 17, pp. 129−137, March 2003.
Gunji, Hiroshi (2002), “Lessons from the Russian Financial Crisis,” Journal of International Economic Studies, No. 16, pp. 73−85, March 2002.
Working Papers
Aono, Kohei, Hiroshi Gunji, and Hayato Nakata (2025), “Letting the Reins Loose: Central Bank Stock Purchases and Corporate Governance."
Gunji, Hiroshi, Arito Ono, Masato Shizume, Hirofumi Uchida, and Yukihiro Yasuda (2023), "Unit Cost of Financial Intermediation in Japan, 1954-2020," RIETI Discussion Paper 23-E-076.
日本語論文（査読付き）
郡司大志・小野有人・鎮目雅人・内田浩史・安田行宏（2024）「日本の銀行における流動性創出指標」『日本経済研究』第82号、49〜77頁、2024年7月。
郡司大志・平賀一希・宮﨑憲治（2019）「日本における税収弾性値の推定」『日本経済研究』第77号、89〜108頁、2019年6月。
三浦一輝・郡司大志（2011）「金融・財政政策の国際的波及効果」『経済政策ジャーナル』第８巻第２号、51～54頁、2011年5月。
三浦一輝・郡司大志（2010）「アナザー・ライブドア・ショック？」『金融経済研究』第31号、75～87頁、2010年10月。
郡司大志（2002）「通貨危機と腐敗」『公共選択の研究』第38号、39～46頁、2002年7月。
書籍
郡司大志『金融政策の効果測定：銀行理論と因果推論による再検証』慶應義塾大学出版会、2025年10月。
郡司大志『マクロ経済学への招待』新世社、2024年11月。
Book Review
Gunji, Hiroshi (2018), Review of "Hijōji taiō no shakai kagaku: Hōgaku to Keizaigaku no kyōdō no kokoromi (Social Science of Emergency Response: Joint Study in Jurisprudence and Economics), by Makoto Saito and Hiroshi Noda. Tokyo: Yuhikaku, 2016, 444 pp., ￥3,900 (ISBN 978-4-641-16471-0), Social Science Japan Journal, Vol. 21, Issue 2, pp. 354–356, May 2018.