No. 443. Koki Arai,

“An Airline Merger in Japan: A Case Study Revealing Principles of Japanese Merger Control,” Journal of Industry, Competition and Trade, Vol. 4, No. 3, September 2004, pp. 207-222.

No. 442. Yoshiyasu Ono and Akihisa Shibata,

“Fiscal Spending, Relative-Price Dynamics, and Welfare in a World Economy,” Review of International Economics, Vol. 13, Issue 2, May 2005, pp. 216-236.

No. 441. Tetsushi Homma, Yoshiro Tsutsui and Uri Benzion,

“Exchange Rate and Stock Prices in Japan,” Applied Financial Economics, Vol. 15, No. 7, April 2005, pp. 469-478.

No. 440. Fumio Ohtake and Jun Tomioka,

“Who Supports Redistribution?” Japanese Economic Review, Vol. 55, No. 4, December 2004, pp. 333-354.

No. 439. チャールズ・ユウジ・ホリオカ, 小原 美紀, 村上 あかね,

「デフレ時代におけるリスク対処法」, 樋口 美雄＋太田 清＋家計経済研究所 編著,『女性たちの平成不況』, (東京：日本経済新聞社, 2004), 235-260ページ. (Charles Yuji Horioka, Miki Kohara and Akane Murakami, "Risk-Coping Mechanisms during a Deflationary Period," in Yoshio Higuchi, Kiyoshi Ohta and The Institute for Research on Household Economics, eds., Josei-tachi no Heisei-Fukyō (Women and the Heisei Recession) (Tokyo: Nihon Keizai Shimbun, Inc., 2004), pp. 235-260.)

No. 438. Yoshiyasu Ono, Kazuo Ogawa and Atsushi Yoshida,

“The Liquidity Trap and Persistent Unemployment with Dynamic Optimizing Agents: Empirical Evidence,” Japanese Economic Review, Vol. 55, No. 4, December 2004, pp. 355-371.

No. 437. Yoshiro Tsutsui and Kenjiro Hirayama,

“Are International Portfolio Adjustments a Cause of Comovements in Stock Prices?” Pacific-Basin Finance Journal, Vol. 12, Issue 4, September 2004, pp. 463-478.

No. 436. チャールズ・ユウジ・ホリオカ, 関田 静香,

「景気対策・年金改革と消費税」, 『ECO-FORUM』, 23巻, 1号, 2004年11月, 26-36ページ. (Charles Yuji Horioka and Shizuka Sekita, “Economic Stimulus, Pension Reform, and the Consumption Tax,” ECO-FORUM, Vol. 23, No. 1, November 2004, pp. 26-36.)