REVIEW OF ECONOMIC DYNAMICS 17(4) 654-676 2014年10月 [査読有り]
This paper provides a rational expectations equilibrium framework to organize the following observations about the U.S. housing market from 1975 to 2007: (i) housing occupancy patterns were approximately constant, (ii) rents were stable, and (iii)...
OPEN ECONOMIES REVIEW 25(4) 771-795 2014年9月 [査読有り]
This paper investigates the welfare consequences of international policy cooperation by simultaneously introducing the following three elements in a standard two-country general equilibrium model: (i) general degrees of exchange rate pass-through,...
JAPAN AND THE WORLD ECONOMY 30 75-85 2014年5月 [査読有り]
Using a two-country general equilibrium model, this paper analytically derives the possibility of positive welfare consequences of vehicle currency use in invoicing international trades. Such vehicle currency use is prominent in the data. The lite...
人文科学研究科
国際社会科学部