Research
Working Papers:
Unequal Wage Cyclicality: Evidence, Theory, and Implications for Labor Market Volatility, 2024, submitted
Illusive Asymmetry in Stock Price Reactions to Monetary Policy Shocks (with Masayuki Okada), 2024 (Preliminary version)
Prolonged Monetary Easing in the United States and Financial Instability in Emerging Countries, 2019.
Does Matching Efficiency Explain the Shift in the Beveridge Curve? Not after the Great Recession (with Masataka Eguchi), 2016, mimeo
Published Papers:
A Dynamic Model of Rational "Panic Buying'' (with Shunya Noda), Quantitative Economics, 15(2):489-521, May 2024.
Slides (90 mins)
Cyclical Part-Time Employment in an Estimated New Keynesian Model with Search Frictions (with Toshihiko Mukoyama and Mototsugu Shintani), Journal of Money, Credit, and Banking, 53(8):1929-1968, December 2021. [bibtex]
Slides (20 mins for 2020 SEA Meetings)
Non-Refereed Publications:
"Revisiting UV Curve and Wage Phillips Curve from the DSGE View" (with Masataka Eguchi), 2017, The Monthly Journal of the Japan Institute of Labour, 683, 23-43, (in Japanese)
Work in Progress
Debt Sustainability in a Stochastic r-g Economy (with Masataka Eguchi and Masakazu Emoto)
Gross Worker Flows: Financial Shocks, Cyclical Discounts, and Labor Market Participation (with Takeki Sunakawa and Francesco Zanetti)
Can Internal Reassignments Help Prevent Employee Attrition?: Evidence from Japanese Business-Card Data (with Masataka Eguchi, Yutaka Kuroki, Susumu Sato, and Takahiro Toriyabe)
Preferences under Risk and Information Frictions: Evidence from High-Frequency Racetrack Betting Data (with Hiroaki Hanyu and Suguru Otani)