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東京大学公共政策大学院 | GraSPP / Graduate School of Public Policy | The university of Tokyo

楡井 誠 NIREI, Makoto

教授 / Professor 楡井 誠NIREI, Makoto

Courses in AY 2021

  • 5113018 Macroeconomics for Public Policy
  • 5113019 Practice Session for Macroeconomics for Public Policy
  • 5140393 Case Study (Quantitative Macroeconomics I)
  • 5140394 Case Study (Quantitative Macroeconomics II)

Education & Employment

1994
B.A. (Economics), University of Tokyo
1996
M.A. (Economics), University of Tokyo
2002
Ph.D. (Economics), University of Chicago
2001-2004
Postdoctoral Fellow, Santa Fe Institute
2004-2006
Assistant Professor, Utah State University
2006-2008
Assistant Professor, Carleton University
2008-2017
Associate Professor, Hitotsubashi University
2015-2017
Chief Economist, Policy Research Institute, Ministry of Finance
2017-2019
Associate Professor, University of Tokyo
2019-
Professor, University of Tokyo

Research Fields

Macroeconomics

My research focuses on macroeconomic fluctuations that arise from interactions of idiosyncratic shocks through complementary decisions of economic agents, such as firms’ investment or pricing. I also explore fat-tail phenomena in asset price fluctuations and in household income/wealth distributions.

Major Publications

"Supply Chain Disruptions: Evidence from the Great East Japan Earthquake" (with Vasco M. Carvalho, Yukiko U. Saito, and Alireza Tahbaz-Salehi), Quarterly Journal of Economics, 2021.

"Trade Clustering and Power Laws in Financial Markets" (with John Stachurski and Tsutomu Watanabe), Theoretical Economics, 2020.

"Zipf's Law, Pareto's Law, and the Evolution of Top Incomes in the United States" (with Shuhei Aoki), American Economic Journal: Macroeconomics, 2017

"Pareto Distribution of Income in Neoclassical Growth Models" (with Shuhei Aoki), Review of Economic Dynamics, 2016.

"Bank Capital Shock Propagation via Syndicated Interconnectedness” (with Julián Caballero and Vladyslav Sushko), Computational Economics, 2016.

"An Interaction-based Foundation of Aggregate Investment Fluctuations," Theoretical Economics, 2015.

"Management of Science, Serendipity, and Research Performance: Evidence from a Survey of Scientists in Japan and the U.S." (with Kota Murayama and Hiroshi Shimizu), Research Policy, 2015.

"Closely Competing Firms and Price Adjustment: Some Findings from an Online Marketplace" (with Takayuki Mizuno and Tsutomu Watanabe), Scandinavian Journal of Economics, 2010.

"A Two Factor Model of Income Distribution Dynamics" (with Wataru Souma), Review of Income and Wealth, 2007.

"Quantifying Borrowing Constraints and Precautionary Savings," Review of Economic Dynamics, 2006.

"Threshold Behavior and Aggregate Fluctuation," Journal of Economic Theory, 2006.