Publications

by members of

Faculty of Business and Commerce
Keio University
Tokyo, Japan

Working papers

2009

1. Chih-nan Chen & Tsutomu Watanabe & Tomoyoshi Yabu, 2009. "A New Method for Identifying the Effects of Foreign Exchange Interventions," IMES Discussion Paper Series 09-E-06, Institute for Monetary and Economic Studies, Bank of Japan. [Downloadable!]
2. Mototsugu Shintani & Akiko Terada-Hagiwara & Tomoyoshi Yabu, 2009. "Exchange Rate Pass-Through and Inflation: A Nonlinear Time Series Analysis," Working Papers 0920, Department of Economics, Vanderbilt University. [Downloadable!]
3. Yukinobu Kitamura & Masato Nishiwaki & Tetsushi Murao, 2009. "On Empirical Estimation of the Production Function under Imperfect Capital Markets [in Japanese]," Global COE Hi-Stat Discussion Paper Series gd09-70, Institute of Economic Research, Hitotsubashi University. [Downloadable!]

2008

1. Mototsugu Shintani & Tomoyoshi Yabu & and Daisuke Nagakura, 2008. "Spurious Regressions in Technical Trading: Momentum or Contrarian?," IMES Discussion Paper Series 08-E-9, Institute for Monetary and Economic Studies, Bank of Japan. [Downloadable!]

2007

1. Arata Ito & Tsutomu Watanabe & Tomoyoshi Yabu, 2007. "Fiscal Policy Switching: Evidence from Japan, the U.S., and the U.K," IMES Discussion Paper Series 07-E-02, Institute for Monetary and Economic Studies, Bank of Japan. [Downloadable!]
2. Pierre Perron & Tomoyoshi Yabu, 2007. "Testing for Shifts in Trend with an Integrated or Stationary Noise Component," Boston University - Department of Economics - Working Papers Series WP2007-025, Boston University - Department of Economics. [Downloadable!]
3. Pierre Perron & Tomoyoshi Yabu, 2007. "Estimating Deterministic Trend with an Integrated or Stationary Noise Component," Boston University - Department of Economics - Working Papers Series WP2007-020, Boston University - Department of Economics. [Downloadable!]
4. Hirofumi Uchida & Gregory F.Udell & Wako Watanabe, 2007. "Bank Size and Lending Relationships in Japan," NBER Working Papers 13005, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
5. WATANABE Wako, 2007. "How Do Relationship Lenders Price Loans to Small Firms?: "Hold-Up" Costs, Transparency, and Private and Public Security," Discussion papers 07058, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]

2006

1. Yukinobu Kitamura, 2006. "Dynamic Consumption Behavior: Evidence from Japanese Household Panel Data (Revised version)," Hi-Stat Discussion Paper Series d06-184, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
2. Kazuyasu Sakamoto & Yukinobu Kitamura, 2006. "Sedaikan kankei kara mita kekkon kodo [in Japanese]," Hi-Stat Discussion Paper Series d06-198, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
3. Masaji Kano & Hirofumi Uchida & Gregory F. Udell & Wako Watanabe, 2006. "Information Verifiability, Bank Organization, Bank Competition and Bank-Borrower Relationships," Discussion papers 06003, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
4. Hirofumi Uchida & Gregory F. Udell & Wako Watanabe, 2006. "Bank Size and Lending Relationships in Japan," Discussion papers 06029, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
5. Hirofumi Uchida & Gregory F. Udell & Wako Watanabe, 2006. "Are Trade Creditors Relationship Lenders?," Discussion papers 06026, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
6. Shinichi Nishiyama & Tae Okada & Wako Watanabe, 2006. "Do Banks Reduce Lending Preemptively in Response to Capital Losses?," Discussion papers 06016, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]

2005

1. Pierre Perron & Tomoyoshi Yabu, 2005. "Testing for Shifts in Trend with an Integrated or Stationary Noise Component," Boston University - Department of Economics - Working Papers Series WP2005-026, Boston University - Department of Economics. [Downloadable!]
2. Pierre Perron & Tomoyoshi Yabu, 2005. "Estimating Deterministric Trends with an Integrated or Stationary Noise Component," Boston University - Department of Economics - Working Papers Series WP2005-037, Boston University - Department of Economics. [Downloadable!]
3. Mitsuhiro Fukao, 2005. "The Effects of 'Gesell' (Currency) Taxes in Promoting Japan's Economic Recovery," Hi-Stat Discussion Paper Series d05-94, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
4. Yukinobu Kitamura & Tsuyosi Miyazaki, 2005. "Kekkon keikenritsu to shusseiryoku no tiikikankakusa: Jissho survey," Hi-Stat Discussion Paper Series d05-124, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
5. Yukinobu Kitamura, 2005. "Dynamic Consumption Behavior: Evidence from Japanese Household Panel Data (This paper was revised as 06-184 in August 2006)," Hi-Stat Discussion Paper Series d05-116, Institute of Economic Research, Hitotsubashi University.
6. Wako WATANABE, 2005. "How Are Loans by Their Main Bank Priced? Bank Effects, Information and Non-price Terms of Contract," Discussion papers 05028, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]

2004

1. Takatoshi Ito & Tomoyoshi Yabu, 2004. "What Prompts Japan to Intervene in the Forex Market? A New Approach to a Reaction Function," NBER Working Papers 10456, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Wako Watanabe, 2004. "Availability of Firms' Information and their Choice of External Credit: Evidence from the Data of Small Firms," Econometric Society 2004 Far Eastern Meetings 545, Econometric Society. [Downloadable!]

2003

1. Mitsuhiro Fukao, 2003. "Financial strains and the zero lower bound: the Japanese experience," BIS Working Papers 141, Bank for International Settlements. [Downloadable!]
2. Hiroshi FUJIKI & Yukinobu KITAMURA, 2003. "The Big Mac Standard: A Statistical Illustration," Discussion Paper Series a446, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
3. 北村, 行伸, 2003. "企業収益と負債 : 『企業活動基本調査』に基づく日本企業行動のパネル分析," CEI Working Paper Series 2003-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]

2002

1. Mitsuhiro Fukao, 2002. "Financial Sector Profitability and Double-Gearing," NBER Working Papers 9368, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
2. Kitamura, Yukinobu & Suto, Megumi & Teranishi, Juro, 2002. "Reflections on New Financial System in Japan: Participation Costs, Wealth Distribution,and Security Market-Based Intermediation," CEI Working Paper Series 2001-25, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]

2001

1. Fukao, Mitsuhiro, 2001. "Financial Deregulations, Weakness of Market Discipline, and Market Development: Japan's Experience and Lessons for Developing Countries," CEI Working Paper Series 2001-17, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
2. Kitamura, Yukinobu & Takayama, Noriyuki & Arita, Fumiko, 2001. "Household Savings and Wealth Distribution in Japan," Discussion Paper 38, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
3. Raaj Sah & Kenji Wada, 2001. "Can Government Collect Resources Without Hurting Investors: Taxation of Returns From Assets," Working Papers 0127, Harris School of Public Policy Studies, University of Chicago. [Downloadable!]

2000

1. Kitamura, Yukinobu & Takayama, Noriyuki & Arita, Fumiko, 2000. "Household Savings in Japan Revisited," Discussion Paper 6, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
2. Charles Yuji Horioka & Hideki Fujisaki & Wako Watanabe & Takatsugu Kouno, 2000. "Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives," NBER Working Papers 7463, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
3. Horioka, C.Y. & Fujisaki, H. & Watanabe, W. & Kouno, T., 2000. "Are Americans more Altruistic than the Japanese Comparison of Saving and Bequest Motives," Papers 487, Osaka - Institute of Social and Economic Research.

1996

1. Horioka, C.Y. & Kasuga, N. & Yamazaki, K. & Watanabe, W., 1996. "Do the Aged Dissave in Japan? Evidence from Micro Data," Papers 402, Osaka - Institute of Social and Economic Research.
2. Horioka, C.Y. & Watanabe, W., 1996. "Why Do People Save? A Micro-Analysis of Motives for Household Saving in Japan," Papers 412, Osaka - Institute of Social and Economic Research.

1994

1. Hiroshi Fujiki & Yukinobu Kitamura, 1994. "Feldstein-Horioka Paradox Revisited," Discussion Paper Series a298, Institute of Economic Research, Hitotsubashi University.

1993

1. Mitsuhiro Fukao, 1993. "International Integration of Financial Markets and the Cost of Capital," OECD Economics Department Working Papers 128, OECD, Economics Department. [Downloadable!]
2. Noriyuki Takayama & Yukinobu Kitamura, 1993. "Household Saving Behavior in Japan," Discussion Paper Series a280, Institute of Economic Research, Hitotsubashi University.

1986

1. Mitsuhiro Fukao & Masaharu Hanazaki, 1986. "Internationalisation of Financial Markets: Some Implications for Macroeconomic Policy and for the Allocation of Capital," OECD Economics Department Working Papers 37, OECD, Economics Department. [Downloadable!]

Undated

1. Pierre Perron & Tomoyoshi Yabu, . "Estimating Deterministic Trends with an Integrated or Stationary Noise Component," Boston University - Department of Economics - Working Papers Series WP2006-012, Boston University - Department of Economics, revised Feb 2006. [Downloadable!]

Journal articles

2009

1. Perron, Pierre & Yabu, Tomoyoshi, 2009. "Estimating deterministic trends with an integrated or stationary noise component," Journal of Econometrics, Elsevier, vol. 151(1), pages 56-69, July. [Downloadable!] (restricted)
2. Mitsuhiro Fukao, 2009. "Comment on "Aging, Asset Markets, and Asset Returns: A View From Europe to Asia"," Asian Economic Policy Review, Japan Center for Economic Research, vol. 4(1), pages 95-96. [Downloadable!] (restricted)
3. Noriyuki TAKAYAMA & Yukinobu KITAMURA, 2009. "How to Make the Japanese Public Pension System Reliable and Workable," Asian Economic Policy Review, Japan Center for Economic Research, vol. 4(1), pages 97-116. [Downloadable!] (restricted)

2008

1. Uchida, Hirofumi & Udell, Gregory F. & Watanabe, Wako, 2008. "Bank size and lending relationships in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 22(2), pages 242-267, June. [Downloadable!] (restricted)
2. Kubota, Keiichi & Tokunaga, Toshifumi & Wada, Kenji, 2008. "Consumption behavior, asset returns, and risk aversion: Evidence from the Japanese household survey," Japan and the World Economy, Elsevier, vol. 20(1), pages 1-18, January. [Downloadable!] (restricted)

2007

1. Ito, Takatoshi & Yabu, Tomoyoshi, 2007. "What prompts Japan to intervene in the Forex market? A new approach to a reaction function," Journal of International Money and Finance, Elsevier, vol. 26(2), pages 193-212, March. [Downloadable!] (restricted)
2. Mitsuhiro FUKAO, 2007. "Comment on "Are Banking Systems in East Asia Stronger?"," Asian Economic Policy Review, Japan Center for Economic Research, vol. 2(1), pages 98-99. [Downloadable!] (restricted)
3. Mitsuhiro FUKAO, 2007. "Financial Crisis and the Lost Decade," Asian Economic Policy Review, Japan Center for Economic Research, vol. 2(2), pages 273-297. [Downloadable!] (restricted)
4. Yukinobu KITAMURA, 2007. "Comment on "Aging, Savings, and Public Pensions in Japan"," Asian Economic Policy Review, Japan Center for Economic Research, vol. 2(2), pages 322-323. [Downloadable!] (restricted)
5. Kazuyasu Sakamoto & Yukinobu Kitamura, 2007. "Marriage Behavior from the Perspective of Intergenerational Relationships," Japanese Economy, M.E. Sharpe, Inc., vol. 34(4), pages 76-122, December. [Downloadable!] (restricted)
6. Wako Watanabe, 2007. "Prudential Regulation and the "Credit Crunch": Evidence from Japan," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2-3), pages 639-665, 03. [Downloadable!] (restricted)
7. Wada, Kenji, 2007. "The Knightian uncertainty and the risk premium and the risk free rate puzzles in Japan and the U.S," Economics Letters, Elsevier, vol. 95(3), pages 386-393, June. [Downloadable!] (restricted)

2006

1. Basu, Parantap & Wada, Kenji, 2006. "Is low international risk sharing consistent with a high equity premium? A reconciliation of two puzzles," Economics Letters, Elsevier, vol. 93(3), pages 436-442, December. [Downloadable!] (restricted)

2005

1. Mitsuhiro Fukao, 2005. "The effects of ‘Gesell’ (Currency) taxes in promoting Japan's economic recovery," International Economics and Economic Policy, Springer, vol. 2(2), pages 173-188, November. [Downloadable!] (restricted)

2004

1. Yabu, Tomoyoshi, 2004. "Have the constraints on PPP relaxed over time? Some evidence from Japan," Economics Letters, Elsevier, vol. 84(2), pages 205-210, August. [Downloadable!] (restricted)
2. Yukinobu Kitamura & Hiroshi Fujiki, 2004. "The Big Mac Standard: A statistical Illustration," Economics Bulletin, AccessEcon, vol. 6(13), pages 1-18. [Downloadable!]
3. Kenji Wada, 2004. "Informational content of stock exchanges versus over-the-counter markets: the behaviour of stock indices around the Asian financial crisis in Japan and Korea," Applied Economics Letters, Taylor and Francis Journals, vol. 11(15), pages 949-955, December. [Downloadable!] (restricted)

2003

1. Masao Nakamura & Hitoshi Hayami & Masao Nakamura & Kanji Yoshioka, 2003. "A joint Japan-China research project for reducing pollution in China in the context of the Kyoto Protocol clean development mechanism (CDM): case study of the desulfurdized bio-coal briquette experime," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(2-3), pages 213-229. [Downloadable!]
2. Shumpei Takemori & Kenji Wada, 2003. "Crisis and Creative Destruction: Cases of Korean and Japanese Stock Markets," Asia-Pacific Financial Markets, Springer, vol. 10(4), pages 301-317, December. [Downloadable!] (restricted)

2001

1. Kitamura, Yukinobu & Takayama, Noriyuki & Arita, Fumiko, 2001. "Household savings in Japan revisited," Research in Economics, Elsevier, vol. 55(2), pages 135-153, June. [Downloadable!] (restricted)
2. David W. Campbell & Wako Watanabe, 2001. "Household Saving in Japan," The Japanese Economic Review, Japanese Economic Association, vol. 52(2), pages 243-250. [Downloadable!] (restricted)

2000

1. C. Y. Horioka & H. Fujisaki & W. Watanabe & T. Kouno, 2000. "Are Americans More Altruistic Than The Japanese? A U.S.-Japan Comparison Of Saving And Bequest Motives ," International Economic Journal, Korean International Economic Association, vol. 14(1), pages 1-31, April. [Downloadable!] (restricted)

1999

1. Noriyuki Takayama & Yukinobu Kitamura, 1999. "Lessons from Generational Accounting in Japan," American Economic Review, American Economic Association, vol. 89(2), pages 171-175, May. [Downloadable!] (restricted)

1997

1. Hitoshi Hayami & Masao Nakamura & Mikio Suga & Kanji Yoshioka, 1997. "Environmental Management in Japan: Applications of Input-Output Analysis to the Emission of Global Warming Gases," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 18(2), pages 195-208.
2. Horioka, Charles Yuji & Watanabe, Wako, 1997. "Why Do People Save? A Micro-Analysis of Motives for Household Saving in Japan," Economic Journal, Royal Economic Society, vol. 107(442), pages 537-52, May. [Downloadable!] (restricted)

1996

1. Horioka, Charles Yuji & Kasuga, Norihiro & Yamazaki, Katsuyo & Watanabe, Wako, 1996. "Do the Aged Dissave in Japan? Evidence from Micro Data," Journal of the Japanese and International Economies, Elsevier, vol. 10(3), pages 295-311, September. [Downloadable!] (restricted)

1989

1. Fukao, Mitsuhiro & Okina, Kunio, 1989. "Internationalization of financial markets and balance of payments imbalances: A Japanese perspective," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 30(1), pages 167-220, January. [Downloadable!] (restricted)

1984

1. Fukao, Mitsuhiro & Okubo, Takashi, 1984. "International Linkage of Interest Rates: The Case of Japan and the United States," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 193-207, February. [Downloadable!] (restricted)

Chapters

2006

1. Mitsuhiro Fukao, 2006. "Financial Strains and the Zero Lower Bound: The Japanese Experience," NBER Chapters, in: Monetary Policy under Very Low Inflation in the Pacific Rim, NBER-EASE, Volume 15, pages 203-232 National Bureau of Economic Research, Inc. [Downloadable!]

2003

1. Mitsuhiro Fukao, 2003. "Financial Sector Profitability and Double-Gearing," NBER Chapters, in: Structural Impediments to Growth in Japan, pages 9-36 National Bureau of Economic Research, Inc. [Downloadable!]

1999

1. Noriyuki Takayama & Yukinobu Kitamura & Hiroshi Yoshida, 1999. "Generational Accounting in Japan," NBER Chapters, in: Generational Accounting around the World, pages 447-470 National Bureau of Economic Research, Inc. [Downloadable!]

1996

1. Mitsuhiro Fukao, 1996. "Discussion of 'Alternative Models of Financial System Development'," RBA Annual Conference Volume, in: Malcom Edey (ed.), The Future of the Financial System Reserve Bank of Australia. [Downloadable!]

1994

1. Takatoshi Ito & Yukinobu Kitamura, 1994. "Public Policies and Household Saving in Japan," NBER Chapters, in: Public Policies and Household Savings, pages 133-160 National Bureau of Economic Research, Inc. [Downloadable!]
2. Noriyuki Takayama & Yukinobu Kitamura, 1994. "Household Saving Behavior in Japan," NBER Chapters, in: International Comparisons of Household Saving, pages 125-168 National Bureau of Economic Research, Inc. [Downloadable!]

This page was last updated on 2010-1-7.