Financial policy under low-inflation, liquidity traps, currency framework of foreign debt, effect of fiscal policy
- Long-term Deflation in Japan: Its causes and policy implications (June 21, 2011 - March 31, 2013)
- Study Group on Changes in Financial and Industrial Structures (2006 - 2010)
1992 Ph.D. (Economics), Harvard University
1982 B.A. (Economics), the University of Tokyo
2011 - Present Professor, Graduate School of Economics, The University of Tokyo
2002 - 2011 Professor, Institute of Economic Research, Hitotsubashi University
1999 - 2001 Associate Professor, Institute of Economic Research, Hitotsubashi University
1982 - 1999 Bank of Japan
Selected Publications and Papers
"Zero Bound on Nominal Interest Rates and Optimal Monetary Policy," Discussion Paper No. 525, Kyoto Institute of Economic Research, February 2001.
"Tax Policy and Consumer Spending: Evidence from Japanese Fiscal Experiments," Journal of International Economics, 53, 2001, pp. 261-281.
Output-Inflation Tradeoff at Near-Zero Inflation Rates," Journal of the Japanese and International Economies, 14, 2000, pp. 304-326.
"Currency composition of external debt in East Asian economies," Paper presented at the international conference on "Asia-Europe on the Eve of the 21st Century," Chulalongkorn University, Bangkok, August 19-20, 1999.
"Asymmetric Effects of Monetary Policy: Japanese Experience in the 1990s," Discussion Paper Series A No. 388, Institute of Economic Research, Hitotsubashi University, November 1999.