Publications (Enlish Only)

    2023

  1. gStructural Unemployment, Underemployment, and Secular Stagnationh, Journal of Economic Theory, 209, April 2023, (with K. Hashimoto and M. Schlegl).
  2. 2022

  3. gFinancial Crisis and Slow Recovery with Bayesian Learning Agentsh, International Journal of Economic Theory, 18 (4), December 2022, pp.578 - 606. (with R. Horii).
  4. 2021

  5. gEnvironmental policies in a stagnant economy,h Economic Modelling, 102, September 2021, (with M. Ikefuji).
  6. gRegional subsidies and interregional labor movement,h The Annals of Regional Science, 66, 2021, 557-577, (with D. Matsuzaki).
  7. 2020

  8. gA Simple Aggregate Demand Analysis with Dynamic Optimization in a Small Open Economyh, Economic Modelling, 91, September 2020, 89-99, (with K. Hashimoto).
  9. 2019

  10. gJapanese Economy: Two Lost Decades and How Many More?h, Intereconomics/ Review of European Economic Policy, 54 (5), September/October 2019, 291-296.
  11. gConsumption Function and Keynesian Cross under Dynamic Optimizationh, Review of Keynesian Studies, 1, 2019, 135|156, (with K. Hashimoto).
  12. 2018N

  13. gMacroeconomic Interdependence between a Stagnant and a Fully Employed Countryh, Japanese Economic Review, 69, December 2018, 450-477. link
  14. gDifference or Ratio: Implications of Status Preference on Stagnationh, Australian Economic Papers, 57, September 2018, 346-362, (with K. Yamada). link
  15. gCredit Booms, Debt Overhang and Secular Stagnationh, European Economic Review, 108, September 2018, 78-104, (with G. Illing and M. Schlegl). link
  16. 2015

  17. gFiscal Policy Under Deflationary Gap and Long-run Stagnation: Reinterpretation of Keynesian Multipliersh, Economic Modelling, 51, December 2015, 596-603, (with R. Murota).link
  18. gPartial Replacement of Protective Tariffs by Production Subsidies and Welfareh, Economic Record,@91, issue 294, September 2015, 300-308, (with Y. Ogawa). link
  19. gPollution, Foreign Direct Investment, and Welfareh, Research in Economics, 69, issue 2, 2015, 238-247, (with S. Lahiri). link
  20. 2014

  21. gOn Persistent Demand Shortages: A Behavioral Approachh, Japanese Economic Review, 65, No.1, March 2014, 42-69, (with J. Ishida).link
  22. gInternational Economic Interdependence and Exchange-rate Adjustment under Persistent Stagnation,h Japanese Economic Review, 65, No.1, March 2014, 70-92.link
  23. 2012

  24. gZero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap,h Metroeconomica, 63, No.2, May 2012, 335-357, (with R. Murota).link
  25. 2011

  26. gThe Byrd Amendment as Facilitating a Tacit International Business Collusion,h Review of International Economics, 19, No.5, November 2011, 877-893, (with Y. Ogawa). link
  27. gAn Oligopolistic Heckscher-Ohlin Model of Foreign Direct Investment,hJapanese Economic Review, 62, No.3, September 2011, 331-347, (with S. Lahiri).link
  28. gThe Keynesian mulitplier effect reconsidered,h Journal of Money, Credit and Banking, 43, Iss.4, June 2011, 797-794. link
  29. "Does Pro-population Policy Raise Per Capita Consumption?," Japanese Economic Review, 62, No. 2, June 2011, 151-169, (with K. Hashimoto). link
  30. gGrowth, Stagnation and Status Preference,h Metroeconomica, 62, No.1, February 2011, 112-149, (with R. Murota). link
  31. 2010

  32. "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). link
  33. 2009

  34. "Strong Yen: Evidence of economic weakness," East Asia Forum, December 14, 2009. link
  35. 2008

  36. "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). link
  37. 2007

  38. "International Transfer under Stagnation," in Theory and Practise of Foreign Aid, ed. by Sajal Lahiri, Elsevier: Amsterdam, 2007, 155-171.
  39. "Relative Emission Standard versus Tax under Oligopoly: The Role of Free Entry," Journal of Economics, 91, No.2, 2007, 107-128, (with S. Lahiri). link
  40. "Stagnation Dynamics and Japanfs Long-run Stagnation," APEC Economies Newsletter, 11, No.3, March 2007, http://www.crawford.anu.edu.au.
  41. 2006

  42. "International Asymmetry in Business Activity and Appreciation of a Stagnant Country's Currency," Japanese Economic Review, 57, No.1, March 2006, 101-120. link
  43. "Long-run Specialization," Review of International Economics, 14, No.1, February 2006, 1-15, (with A. Shibata). link
  44. 2005

  45. "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). link
  46. 2004

  47. "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). link
  48. 2003

  49. "Export-Oriented Foreign Direct Investment and Local Content Requirement," Pacific Economic Review, 8, no.1, February 2003, 1-14, (with S.Lahiri). link
  50. 2001

  51. "Government Spending, Interest Rates, and Capital Accumulation in a Two-Sector Model," Canadian Journal of Economics, 34, November 2001, 903-920, (with A. Shibata). link
  52. " A Reinterpretation of Chapter 17 of Keynes's General Theory: Effective Demand Shortage Under Dynamic Optimization ," International Economic Review, 42, February 2001, 207-236. link
  53. 2000

  54. "Japanfs Long-Run Stagnation and Yen Appreciation: A Theoretical,h Wirtschafts Politische Blaetter, 47, no.4, 2000, 418-424.
  55. 1999

  56. "R & D Subsidies under Asymmetric Duopoly: A Note," Japanese Economic Review, 50, no.1, March 1999, 118-125, (with S. Lahiri). link
  57. "Optimal Tariffs in the Presence of Middleman," Canadian Journal of Economics, 32, no.1, February 1999, 55-70, (with S. Lahiri). link
  58. 1998

  59. "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). link
  60. "Foreign Direct Investment, Local Contents, and Profit Taxation," Economic Journal, 108, March 1998, 444-457, (with S. Lahiri). link
  61. 1997

  62. "Asymmetric Oligopoly, International Trade, and Welfare: A Synthesis," Journal of Economics, 65, no.3, 1997, 291-310, (with S. Lahiri). link
  63. 1996

  64. "Fiscal Policy, Wealth Divergence, and Lifetime Utility," Journal of Economics, 64, no.3, 1996, 265-280, (with S. Ikeda). link
  65. 1995

  66. "The Role of Free Entry in an Oligopolistic Heckscher-Ohlin Model," International Economic Review, 36, August 1995, 609-624, (with S. Lahiri). link
  67. 1994

  68. "Industrial Policy and National Welfare in the Presence of Monopoly," Japan and the World Economy, 6, March 1994, 61-73, (with S. Lahiri). link
  69. 1992

  70. "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). link
  71. "Macroeconomic Dynamics in a Multi-Country Economy: A Dynamic Optimization Approach," International Economic Review, 33, August 1992, 629-644 (with S. Ikeda). link
  72. 1991

  73. "Orderly Marketing Arrangement in the Context of the GATT Regime," Economics and Politics, 3, July 1991, 151-162. link
  74. 1990

  75. "Foreign Penetration and National Welfare under Oligopoly," Japan and the World Economy, 2, June 1990, 141-154. link
  76. 1989

  77. "Terms of Trade and Welfare: A General Analysis," Economic Record, 65, March 1989, 27-31, (with S. Lahiri). link
  78. 1988

  79. "Helping Minor Firms Reduces Welfare," Economic Journal , 98, December 1988, 1199-1202, (with S. Lahiri). link
  80. 1984

  81. "Tariffs vs. Quotas under Duopoly of Heterogeneous Goods," Journal of International Economics, 17, November 1984, 359-373, (with M. Itoh). link
  82. "Profitability of Export Restraint," Journal of International Economics, 16, July 1984, 335-343. link
  83. 1982

  84. "Tariffs, Quotas and Market Structure," Quarterly Journal of Economics, 96, May 1982, 295-305, (with M. Itoh). link
  85. "Price Leadership: A Theoretical Analysis," Economica , 49, February 1982, 11-20. link
  86. 1978

  87. "The Equilibrium of Duopoly in a Market of Homogeneous Goods," Economica, 45, August 1978, 287-295. link
  88. 1976

  89. "The Optimal Distribution of Income on the Basis of Impersonal Preference," Economic Studies Quarterly, 27, August 1976, 118-125. link