NIREI Makoto

Macroeconomics

• Labor Market, Firm Dynamics, and Aggregate Productivity (January 14, 2025 - June 30, 2027)
• Innovation, Knowledge Creation and Macroeconomy (January 11, 2022 - June 30, 2024)
• Research on New Technologies, Economic Growth, and Industrial Structure (November 12, 2018 - October 31, 2020)
• Evaluation of Corporate Tax (April 1, 2011 - August 31, 2011)
• Evaluation of Corporate Tax (November 10, 2009 - March 31, 2011)

2002 Ph.D. in Economics, University of Chicago
1996 M.A. in Economics, The University of Tokyo
1994 B.A. in Economics, The University of Tokyo

2019 - present Professor, Graduate School of Economics, University of Tokyo
2017 - 2019 Associate Professor, Graduate School of Economics, University of Tokyo
2015 - 2017 Chief Economist, Policy Research Institute, Ministry of Finance
2008 - 2015 Associate Professor, Institute of Innovation Research, Hitotsubashi University
2006 - 2008 Assistant Professor, Department of Economics, Carleton University
2004 - 2006 Assistant Professor, Department of Economics, Utah State University
2001 - 2004 Post-doctoral Fellow, Santa Fe Institute

• "Repricing avalanches," NBER Working Paper 28654, 2021 (with José Scheinkman)
• "Supply chain disruptions: Evidence from the Great East Japan Earthquake," Quarterly Journal of Economics, 136(2):1255-1321, 2021 (with Vasco M. Carvalho, Yukiko U. Saito and Alireza Tahbaz-Salehi)
• "Trade clustering and power laws in financial markets," Theoretical Economics, 15:1365-1398, 2020 (with John Stachurski and Tsutomu Watanabe)
• "Zipf's Law, Pareto's Law, and the evolution of top incomes in the U.S.," American Economic Journal: Macroeconomics, 9(3):36-71, 2017 (with Shuhei Aoki)
• "Pareto distribution of income in neoclassical growth models," Review of Economic Dynamics, 20:25-42, 2016 (with Shuhei Aoki)
• "Bank capital shock propagation via syndicated interconnectedness," Computational Economics, 47(1):67-96, 2016 (with Julián Caballero and Vladyslav Sushko)
• "An interaction-based foundation of aggregate investment fluctuations," Theoretical Economics, 10:953-985,2015
• "Management of science, serendipity, and research performance: Evidence from a survey of scientists in Japan and the U.S.," Research Policy, 44(4):862-873, 2015 (with Kota Murayama and Hiroshi Shimizu)
• "Closely competing firms and price adjustment: Some findings from an online marketplace," Scandinavian Journal of Economics, 112(4):673-696, 2010 (with Takayuki Mizuno and Tsutomu Watanabe)
• "A two factor model of income distribution dynamics," Review of Income and Wealth, 53(3):440-459, 2007 (with Wataru Souma)
• "Quantifying borrowing constraints and precautionary savings," Review of Economic Dynamics, 9:353-363, 2006
• "Threshold behavior and aggregate fluctuation," Journal of Economic Theory, 127:309-322, 2006