Academic Achievements

Works under Construction

• 1. “A Global Analysis of International Capital Movement under Financial Market Imperfection” (with Hiroto Takahashi)
• 2. “Dynamic Efficiency and Asset Bubbles under Financial Market Imperfection”
• 3. “Land Prices and Business Cycles in Japan”, presented in APEA meeting in Hong Kong(with Yukie Sakuragawa)
• 4. “Did the Japanese Stock Market appropriately Price the Takenaka Financial Plan?”, presented in NBER-EASE meeting in Singapore (with Yoshitsugu Watanabe)
• 5. “Bad Loans and Accounting discretions” (with Kaoru Hosono)
• 6. "Soft Budget Constraint Problems in the Japanese Banking System" (with Kaoru Hosono)

Papers

• 1. “Long-Run Growth and Intragenerational Transfer under Capital Market Imperfections,” Japanese Economic Review, Vol.48, No.4，p390-409, 1997
• 2. “Land-Tax, Transfers, and Growth in an Endogenously Growing Economy with Overlapping Generations,” Japanese Economic Review,Vol.49, No.4, p412-25, 1998 (with Hiroyuki Hashimoto)
• 3. “A Characterization of the Dynamical System in a Two-Sector Overlapping Generations Model: The Case of Unbounded Growth,” Japanese Economic Review, Vol.50, No.2, p138-147, 1999 (with Hiroyuki Hashimoto)
• 4. “Capital Flight, North-South Lending, and Stages of Economic Development,” International Economic Review, Vol. 42, No.1, p1-24, 2001(with Koichi Hamada)
• 5. “Redistribution Policies under Capital Market Imperfection,” Japanese Economic Review, Vol. 53, No.1, ｐ94-113, 2002, (with Sakae Mitsui)
• 6.“Bank's Capital Structure under Non-Diversifiable Risk” Economic Theory 20, p29-45, 2002
• 7. “Land Tax and Economic Growth under Capital Market Imperfection,” International Journal of Economic Theory 3, No.2, 131-146, 2007 (with Yukie Sakuragawa)
• 8. “Labor Force Aging and Economic Growth in Japan,” in Ageing and the Labour Market in Japan, edited by K. Hamada and H.Kato, Edward Elgar (with Tatsuji Makino), 2007
• 9. “Land Price, Collateral, and Economic Growth,” , The Japanese Economic Review, forthcoming (with Yukie Sakuragawa）
• 10. “Boom and Bust Cycle of the Stock Market, and Economic Growth in a Vintage Capital Model,” International Journal of Economic Theory, forthcoming (with Takeshi Kobayashi ).