Publications (Enlish Only)

    2024

  1. gEnvironmental Policies and Stagnation in a Two-Country Economyh, Economic Modelling, 2024, forthcoming, (with M. Ikefuji).

    2. 2023

  2. gWealth Preference and Rational Bubblesh, European Economic Review, 156, July 2023, forthcoming, (with J.-B. Michau and M. Schlegl).
  3. gStructural Unemployment, Underemployment, and Secular Stagnationh, Journal of Economic Theory, 209, April 2023, (with K. Hashimoto and M. Schlegl).

    4. 2022

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

    5. 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

  7. gA Simple Aggregate Demand Analysis with Dynamic Optimization in a Small Open Economyh, Economic Modelling, 91, September 2020, 89-99, (with K. Hashimoto).

    8. 2019

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

    10. 2018”N

  10. gMacroeconomic Interdependence between a Stagnant and a Fully Employed Countryh, Japanese Economic Review, 69, December 2018, 450-477. link
  11. gDifference or Ratio: Implications of Status Preference on Stagnationh, Australian Economic Papers, 57, September 2018, 346-362, (with K. Yamada). link
  12. gCredit Booms, Debt Overhang and Secular Stagnationh, European Economic Review, 108, September 2018, 78-104, (with G. Illing and M. Schlegl). link

    13. 2015

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

    16. 2014

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

    18. 2012

  18. 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

    19. 2011

  19. 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
  20. gAn Oligopolistic Heckscher-Ohlin Model of Foreign Direct Investment,hJapanese Economic Review, 62, No.3, September 2011, 331-347, (with S. Lahiri).link
  21. gThe Keynesian mulitplier effect reconsidered,h Journal of Money, Credit and Banking, 43, Iss.4, June 2011, 797-794. link
  22. "Does Pro-population Policy Raise Per Capita Consumption?," Japanese Economic Review, 62, No. 2, June 2011, 151-169, (with K. Hashimoto). link
  23. gGrowth, Stagnation and Status Preference,h Metroeconomica, 62, No.1, February 2011, 112-149, (with R. Murota). link

    24. 2010

  24. "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

    25. 2009

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

    26. 2008

  26. "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

    27. 2007

  27. "International Transfer under Stagnation," in Theory and Practise of Foreign Aid, ed. by Sajal Lahiri, Elsevier: Amsterdam, 2007, 155-171.
  28. "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
  29. "Stagnation Dynamics and Japanfs Long-run Stagnation," APEC Economies Newsletter, 11, No.3, March 2007, http://www.crawford.anu.edu.au.

    30. 2006

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

    32. 2005

  32. "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

    33. 2004

  33. "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

    34. 2003

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

    35. 2001

  35. "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
  36. " 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

    37. 2000

  37. "Japanfs Long-Run Stagnation and Yen Appreciation: A Theoretical,h Wirtschafts Politische Blaetter, 47, no.4, 2000, 418-424.

    38. 1999

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

    40. 1998

  40. "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
  41. "Foreign Direct Investment, Local Contents, and Profit Taxation," Economic Journal, 108, March 1998, 444-457, (with S. Lahiri). link

    42. 1997

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

    43. 1996

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

    44. 1995

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

    45. 1994

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

    46. 1992

  46. "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
  47. "Macroeconomic Dynamics in a Multi-Country Economy: A Dynamic Optimization Approach," International Economic Review, 33, August 1992, 629-644 (with S. Ikeda). link

    48. 1991

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

    49. 1990

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

    50. 1989

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

    51. 1988

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

    52. 1984

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

    54. 1982

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

    56. 1978

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

    57. 1976

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