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Senior Research Fellow Tomoyuki NAKAJIMA

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Tomoyuki NAKAJIMA

Professor at the University of Tokyo (Economics)

[Research Themes]

Profile

Education

  • B.A. (Kyoto University)
  • Ph.D. (University of Chicago)

Career

  • Assistant Professor, Brown Uniuversity
  • Professor, Kyoto University

Papers

  • "Constrained inefficiency and optimal taxation under uninsurable risks." Journal of Publc Economic Theory, 18, 1-28. (with Piero Gottardi and Atsushi Kajii).
  • "Optimal tacation and debt with uninsurable risks to human capital accumulation." American Economic Review, 105, 3443-3470. (with Piero Gottardi, and Atsushi Kajii).
  • "Safe asset shortages and asset price bubbles." Journal of Mathematical Economics, 53, 164-174, 2014. (with Kosuke Aoki and Kalin Nikolov)
  • "Global liquidity trap." Journal of Monetary Economics, 60, 936-949, 2013. (with Ippei Fujiwara, Nao Sudo, and Yuki Teranishi)
  • "Uninsured countercyclical risk: an aggregation result and application to optimal monetary policy." Journal of the European Economic Association, 10, 1450-1474, 2012. (with R. Anton Braun)
  • "Collateral constraint and news-driven cycles." Macroeconomic Dynamics, 16, 752-776, 2012. (with Keiichiro Kobayashi and Masaru Inaba)
  • "Optimal monetary policy with imperfect unemployment insurance.'' Journal of Economic Dynamics and Control, 34, 365-387, 2010.
  • "Liquidity trap and optimal monetary policy in open economies," Journal of the Japanese and International Economies, 22, 1-33, 2008.
  • "Asset price fluctuations in Japan: 1980-2000," Japan and the World Economy, 20, 129-153, 2008.
  • "Unemployment and indeterminacy," Journal of Economic Theory, 126, 314-327, 2006.
  • "Monetary policy with sticky prices and segmented markets," Economic Theory, 27, 163-177, 2006.
  • "Money and prices under uncertainty," Review of Economic Studies, 72, 223-246, 2005 (with Herakles Polemarchakis).
  • "A business cycle model with variable capacity utilization and demand disturbances," European Economic Review, 49, 1331-1360, 2005.
  • "Catch-up in turn in a multi-country international trade model with learning-by-doing and invention," Journal of Development Economics, 72, 117-138, 2003.
  • "Sunspot fluctuations in asset prices and business cycles in Japan over 1986-1999," Japanese Economic Review, 54, 253-274, 2003.