Our paper “Survey of the effects of unconventional monetary policy in Japan”(coauthored with Kosuke Aoki) has been published at Japanese Economic Review. We surveyed the effects of UMP, particularly Quantitative Qualitative Monetary Easing under Abenomics link.springer.com/article/10.100…

Call for Proposals on Japanese Economic Review special issue conference "Macroeconomics and Japan's Reality" August 24-25, 2025 Guest Editors: Etsuro Shioji (Chuo University), Jouchi Nakajima (Hitotsubashi University) Submission deadline: March 28, 2025 preview-link.springer.com/journal/42973/…

*Trade war: my theory of the case* 1. What is the goal/ideal outcome/trump admin hopes: 10% tariff across the board with no retaliation + direct non-tariff favors from other countries to settle this at 10% + a possible full-scale bilateral trade war with China. (1/n)

What’s are good macro textbooks / fundamental macro papers every macroeconomist should be familiar with?

The JER special issue, "Heterogeneity and Macroeconomics," which I co-edited with Makoto Nakajima and Tomoaki Yamada is now published. I am very happy about the seven high-quality papers. Please take a look. link.springer.com/journal/42973/…

中島誠さんMakoto Nakajimaと山田知明さんTomoaki Yamadaとゲストエディターを務めたJER特集号"Heterogeneity and Macroeconomics"が出版されました。高いクオリティのオリジナル論文を７本入れることができました。ご覧いただければと思います。 link.springer.com/journal/42973/…

明治大学商学部では「ゲーム理論」担当の専任教員を公募しています！ jrecin.jst.go.jp/seek/SeekJorDe…

明治大学商学部では「日本経済論」担当の専任教員を公募しています。よその大学の事情に精通しているわけではないですが、研究環境はわりと良いのではないかなと思います。関心がある方は是非！ jrecin.jst.go.jp/seek/SeekJorDe…

So honored to receive the Author Service Award 2025 from Springer Nature!

明治大学商学部では「日本経済論」と「ゲーム理論」の公募を出しています。締切まであと1ヶ月です。もちろん締め切りに間に合えばギリギリでも大丈夫ですが、関心がある方はお忘れなく！ meiji.ac.jp/shogaku/recrui…

この日経コラムで触れているポピュリズムに関する経済学の研究等は以下です。 米国：aeaweb.org/articles?id=10… 欧州：jstor.org/stable/90019460 格差：onlinelibrary.wiley.com/doi/10.1111/jo… 日本の格差：link.springer.com/article/10.100… 経済的帰結：aeaweb.org/articles?id=10… nikkei.com/article/DGXZQO…

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr

Totally deserved. But the person who drew the portrait of Philippe Aghion should be fired. 😀

Igami-Uetake論文の貢献の一つはAghion-Howitt達の有名な逆U字曲線(競争度合いとイノベーションには逆U字の関係がある)は動学構造モデルを立てて競争を内生化すると逆U字じゃない、ってことをきちんと実証したことなんだけど、これを機にもっと引用増えないかしら。

Great news! Florin Bilbiie is working on a book project! Heterogeneous Agent Macroeconomics: A Tractable New Keynesian Framework (forthcoming MIT Press). "The book develops a tractable NK framework that incorporates economically meaningful heterogeneity—liquidity constraints,

こっちもAmazonのサイトが出来ていた…… これはまた凄い本だと思います。 仲田泰祐『金融政策の理論と実践：動学マクロ経済学アプローチ』 amazon.co.jp/dp/4535541299/

A guide for students of economics: Ten statements that demonstrate that someone does not understand modern economics or what an equilibrium is, and that you can safely ignore everything else they say. 1. “Equilibrium means the economy is stable or at rest.” Many assume that an