MACROECONOMICS DYNAMICS
INTERNATIONAL TRADE AND FINANCE
INDUSTRIAL ORGANIZATION
1979 - 1981
Lecturer, Department of Economics, Musashi University
1981 - 1984
Associate Professor, Department of Economics, Musashi University
1984 - 1990
Associate Professor, ISER, Osaka University
1990 - 1996
Professor, ISER, Osaka University
1996 - 1999
Professor, Department of Social Engineering, Tokyo Institute of Technology; and Professor, ISER, Osaka University
1999 - 2010
Professor, ISER, Osaka University
1999 - 2001
Director, ISER, Osaka University
2009 - 2010
Director, ISER, Osaka University
2010 - 2012
President, Economic and Social Research Institute, Cabinet Office, Government of Japan; and Fellow, Osaka university
2013 - 2016
Professor, ISER, Osaka University.
2016 - 2025
Specially Appointed Professor, ISER, The University of Osaka.
2025 -
Guest Professor, ISER, and Professor Emeritus, The University of Osaka
昭和54年4月-昭和56年3月
武蔵大学経済学部 専任講師
昭和56年4月-昭和59年9月
武蔵大学経済学部 助教授
昭和59年10月-平成2年9月
大阪大学社会経済研究所 助教授
平成2年10月-平成8年3月
大阪大学社会経済研究所 教授
平成8年4月-平成11年3月
東京工業大学社会理工学研究科 教授
大阪大学社会経済研究所 併任教授
平成11年4月-平成13年3月
大阪大学社会経済研究所 所長・教授
平成13年4月-平成21年3月
大阪大学社会経済研究所 教授
平成21年4月-平成22年9月
大阪大学社会経済研究所 所長・教授
平成22年10月-平成24年12月
内閣府経済社会総合研究所 所長
大阪大学 フェロー
平成25年1月-平成28年3月
大阪大学社会経済研究所 教授
平成28年4月-令和7年5月
大阪大学社会経済研究所 特任教授 大阪大学名誉教授
(うち令和2年8月-9月15日 招へい教授)
令和7年4月-
大阪経済大学 特命教授
令和7年6月-
大阪大学社会経済研究所 招へい教授 大阪大学名誉教授
(この間)
昭和55年9月-昭和56年7月
ロンドン大学LSE 客員研究員
(British Council Scholar)
昭和60年9月-昭和62年8月
プリンストン大学 客員研究員
(国際文化会館 新渡戸フェロー)
平成3年1月-5月
ブリティッシュ・コロンビア大学
経済学部 客員教授(経済動学、日本経済論担当)
平成5年5月-8月
世界銀行 客員研究員
平成22年2月-9月
内閣府本府参与
平成25年7月-9月
ルードヴィッヒ・マクシミリアン大学(ミュンヘン大学)
CES Visiting Scholar
平成29年7月-9月
ルードヴィッヒ・マクシミリアン大学(ミュンヘン大学)
CES Visiting Scholar
平成30年9月-10月
エコール・ポリテクニーク(パリ)、Visiting Professor
“Economic stimulus effects of product innovation under demand stagnation”, Journal of Public Economic Theory, Finally accepted, October 2025, (with D. Matsuzaki).
“Environmental Policies and Stagnation in a Two-Country Economy”, Economic Modelling, 141, December 2024, (with M. Ikefuji).
“Wealth Preference and Rational Bubbles”, European Economic Review, 156, July 2023, (with J.-B. Michau and M. Schlegl).
“Structural Unemployment, Underemployment, and Secular Stagnation”, Journal of Economic Theory, 209, April 2023, (with K. Hashimoto and M. Schlegl).
“Financial Crisis and Slow Recovery with Bayesian Learning Agents”, International Journal of Economic Theory, 18 (4), December 2022, pp.578 - 606. (with R. Horii).
“Environmental policies in a stagnant economy,” Economic Modelling, 102, September 2021, (with M. Ikefuji).
“Regional subsidies and interregional labor movement”, The Annals of Regional Science, 66, 2021, 557-577, (with D. Matsuzaki).
“A Simple Aggregate Demand Analysis with Dynamic Optimization in a Small Open Economy”, Economic Modelling, 91, September 2020, 89-99, (with K. Hashimoto).
“Japanese Economy: Two Lost Decades and How Many More?”, Intereconomics/ Review of European Economic Policy, 54 (5), September/October 2019, 291-296.
“Consumption Function and Keynesian Cross under Dynamic Optimization”, Review of Keynesian Studies, 1, 2019, 135-156, (with K. Hashimoto).
“Macroeconomic Interdependence between a Stagnant and a Fully Employed Country”, Japanese Economic Review, 69, December 2018, 450-477.
“Difference or Ratio: Implications of Status Preference on Stagnation”, Australian Economic Papers, 57, September 2018, 346-362, (with K. Yamada).
“Credit Booms, Debt Overhang and Secular Stagnation”, European Economic Review, 108, September 2018, 78-104, (with G. Illing and M. Schlegl).
“Fiscal Policy Under Deflationary Gap and Long-run Stagnation: Reinterpretation of Keynesian Multipliers”, Economic Modelling, 51, December 2015, 596-603, (with R. Murota).
“Partial Replacement of Protective Tariffs by Production Subsidies and Welfare”, Economic Record, 91, issue 294, September 2015, 300-308, (with Y. Ogawa).
“Pollution, Foreign Direct Investment, and Welfare”, Research in Economics, 69, issue 2, 2015, 238-247, (with S. Lahiri).
“On Persistent Demand Shortages: A Behavioral Approach”, Japanese Economic Review, 65, No.1, March 2014, 42-69, (with J. Ishida).
“International Economic Interdependence and Exchange-rate Adjustment under Persistent Stagnation”, Japanese Economic Review, 65, No.1, March 2014, 70-92.
“Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap”, Metroeconomica, 63, No.2, May 2012, 335-357, (with R. Murota).
“The Byrd Amendment as Facilitating a Tacit International Business Collusion”, Review of International Economics, 19, No.5, November 2011, 877-893, (with Y. Ogawa).
“An Oligopolistic Heckscher-Ohlin Model of Foreign Direct Investment”, Japanese Economic Review, 62, No.3, September 2011, 331-347, (with S. Lahiri).
“The Keynesian mulitplier effect reconsidered”, Journal of Money, Credit and Banking, 43, Iss.4, June 2011, 797-794.
"Does Pro-population Policy Raise Per Capita Consumption?", Japanese Economic Review, 62, No. 2, June 2011, 151-169, (with K. Hashimoto).
“Growth, Stagnation and Status Preference”, Metroeconomica, 62, No.1, February 2011, 112-149, (with R. Murota).
"Time Patience and Specialization Patterns in the Presence of Asset Trade", Journal of Money, Credit and Banking, 42, No.1, February 2010, 93-112, (with A. Shibata).
"Strong Yen: Evidence of economic weakness", East Asia Forum, December 14, 2009.
"International Asset Trade, Capital Income Taxation, and Specialization Patterns", Journal of Public Economic Theory, 10, No.5, October 2008, 743-763, (with K. Futagami, A. Kaneko, A. Shibata).
"International Transfer under Stagnation," in Theory and Practise of Foreign Aid, ed. by Sajal Lahiri, Elsevier: Amsterdam, 2007, 155-171.
"Relative Emission Standard versus Tax under Oligopoly: The Role of Free Entry", Journal of Economics, 91, No.2, 2007, 107-128, (with S. Lahiri).
"Stagnation Dynamics and Japan’s Long-run Stagnation," APEC Economies Newsletter, 11, No.3, March 2007, http://www.crawford.anu.edu.au.
"International Asymmetry in Business Activity and Appreciation of a Stagnant Country's Currency", Japanese Economic Review, 57, No.1, March 2006, 101-120.
"International Asymmetry in Business Activity and Appreciation of a Stagnant Country's Currency", Japanese Economic Review, 57, No.1, March 2006, 101-120.
"Long-run Specialization," Review of International Economics, 14, No.1, February 2006, 1-15, (with A. Shibata).
"Fiscal Spending, Relative-Price Dynamics, and Welfare in a World Economy," Review of International Economics, 13, No.2, May 2005, 216-236, (with A. Shibata).
"Liquidity Preference and Persistent Unemployment with Dynamic Optimizing Agents: Empirical Evidence," Japanese Economic Review, 55, No.4, December 2004, 355-371, (with K. Ogawa and A. Yoshida).
"Export-Oriented Foreign Direct Investment and Local Content Requirement," Pacific Economic Review, 8, no.1, February 2003, 1-14, (with S.Lahiri).
"Government Spending, Interest Rates, and Capital Accumulation in a Two-Sector Model," Canadian Journal of Economics, 34, November 2001, 903-920, (with A. Shibata).
"A Reinterpretation of Chapter 17 of Keynes's General Theory: Effective Demand Shortage Under Dynamic Optimization ," International Economic Review, 42, February 2001, 207-236.
"Japan’s Long-Run Stagnation and Yen Appreciation: A Theoretical,” Wirtschafts Politische Blaetter, 47, no.4, 2000, 418-424.
"R & D Subsidies under Asymmetric Duopoly: A Note," Japanese Economic Review, 50, no.1, March 1999, 118-125, (with S. Lahiri).
"Optimal Tariffs in the Presence of Middleman," Canadian Journal of Economics, 32, no.1, February 1999, 55-70, (with S. Lahiri).
"Tax Policy on Foreign Direct Investment in the Presence of Cross Hauling," Weltwirtschaftliches Archiv (Review of World Economics ), 134, no.2, 1998, 263-279, (with S. Lahiri).
"Foreign Direct Investment, Local Contents, and Profit Taxation," Economic Journal, 108, March 1998, 444-457, (with S. Lahiri).
"Asymmetric Oligopoly, International Trade, and Welfare: A Synthesis," Journal of Economics, 65, no.3, 1997, 291-310, (with S. Lahiri).
"Fiscal Policy, Wealth Divergence, and Lifetime Utility," Journal of Economics, 64, no.3, 1996, 265-280, (with S. Ikeda).
"The Role of Free Entry in an Oligopolistic Heckscher-Ohlin Model," International Economic Review, 36, August 1995, 609-624, (with S. Lahiri).
"Industrial Policy and National Welfare in the Presence of Monopoly," Japan and the World Economy, 6, March 1994, 61-73, (with S. Lahiri).
"Spill-Over Effects of Supply-Side Changes in a Two-Country Economy with Capital Accumulation," Journal of International Economics , 33, August 1992, 127-146, (with A. Shibata).
"Macroeconomic Dynamics in a Multi-Country Economy: A Dynamic Optimization Approach," International Economic Review, 33, August 1992, 629-644 (with S. Ikeda).
"Orderly Marketing Arrangement in the Context of the GATT Regime," Economics and Politics, 3, July 1991, 151-162.
"Foreign Penetration and National Welfare under Oligopoly," Japan and the World Economy, 2, June 1990, 141-154.
"Terms of Trade and Welfare: A General Analysis," Economic Record, 65, March 1989, 27-31, (with S. Lahiri).
"Helping Minor Firms Reduces Welfare," Economic Journal , 98, December 1988, 1199-1202, (with S. Lahiri).
"Tariffs vs. Quotas under Duopoly of Heterogeneous Goods," Journal of International Economics, 17, November 1984, 359-373, (with M. Itoh).
"Profitability of Export Restraint," Journal of International Economics, 16, July 1984, 335-343.
"Tariffs, Quotas and Market Structure," Quarterly Journal of Economics, 96, May 1982, 295-305, (with M. Itoh).
"Price Leadership: A Theoretical Analysis," Economica , 49, February 1982, 11-20.
"The Equilibrium of Duopoly in a Market of Homogeneous Goods," Economica, 45, August 1978, 287-295.
"The Optimal Distribution of Income on the Basis of Impersonal Preference," Economic Studies Quarterly, 27, August 1976, 118-125.