Details about Tomoyuki Nakajima

Access statistics for papers by Tomoyuki Nakajima.

Last updated 2023-07-07. Update your information in the RePEc Author Service.

Short-id: pna137

Working Papers

2021

1. Debt overhang and lack of lender’s commitment
   CIGS Working Paper Series, The Canon Institute for Global Studies
2. Principal-Agent Problems with Hidden Savings in Continuous Time
   CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo

2020

3. Lack of debt restructuring and lender's credibility － A theory of nonperforming loans －
   CIGS Working Paper Series, The Canon Institute for Global Studies
4. On the Non-Existence of a Zero-Tax Steady State with Incomplete Asset Markets
   KIER Working Papers, Kyoto University, Institute of Economic Research

2019

5. Optimal taxation with directed search and moral hazard
   CIGS Working Paper Series, The Canon Institute for Global Studies

2017

6. A macroeconomic model of liquidity crises
   CIGS Working Paper Series, The Canon Institute for Global Studies
   Also in KIER Working Papers, Kyoto University, Institute of Economic Research (2014) View citations (6)
   CIGS Working Paper Series, The Canon Institute for Global Studies (2014) View citations (5)
   UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics (2014) View citations (5)
7. The Effectiveness of Consumption Taxes and Transfers as Insurance against Idiosyncratic Risk
   UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics View citations (4)
   Also in KIER Working Papers, Kyoto University, Institute of Economic Research (2016) View citations (4)
   See also Journal Article The Effectiveness of Consumption Taxes and Transfers as Insurance Against Idiosyncratic Risk, Journal of Money, Credit and Banking, Blackwell Publishing (2020) View citations (1) (2020)
8. The Optimum Quantity of Debt for Japan
   UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics View citations (12)
   Also in KIER Working Papers, Kyoto University, Institute of Economic Research (2017) View citations (12)
   CIGS Working Paper Series, The Canon Institute for Global Studies (2017) View citations (12)
   See also Journal Article The optimum quantity of debt for Japan, Journal of the Japanese and International Economies, Elsevier (2017) View citations (7) (2017)

2016

9. Consumption Taxes and Divisibility of Labor under Incomplete Markets
   UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics View citations (1)
   Also in 2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (1)
10. Uninsured risk, stagnation, and fiscal policy
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta

2015

11. Constrained Inefficiency and Optimal Taxation with Uninsurable Risks
    UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics View citations (5)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2014)
    CIGS Working Paper Series, The Canon Institute for Global Studies (2014)
    Economics Working Papers, European University Institute (2010)
    UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics (2014)
    KIER Working Papers, Kyoto University, Institute of Economic Research (2014) View citations (7)
    See also Journal Article Constrained Inefficiency and Optimal Taxation with Uninsurable Risks, Journal of Public Economic Theory, Association for Public Economic Theory (2016) View citations (9) (2016)
12. Optimal taxation and debt with uninsurable risks to human capital accumulation
    UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics View citations (46)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2014)
    Economics Working Papers, European University Institute (2014) View citations (8)
    KIER Working Papers, Kyoto University, Institute of Economic Research (2014) View citations (5)
    CIGS Working Paper Series, The Canon Institute for Global Studies (2014) View citations (8)
    See also Journal Article Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation, American Economic Review, American Economic Association (2015) View citations (45) (2015)

2014

13. Safe Asset Shortages and Asset Price Bubbles
    KIER Working Papers, Kyoto University, Institute of Economic Research View citations (33)
    Also in CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo (2014) View citations (33)
    CIGS Working Paper Series, The Canon Institute for Global Studies (2014) View citations (33)
    See also Journal Article Safe asset shortages and asset price bubbles, Journal of Mathematical Economics, Elsevier (2014) View citations (27) (2014)

2013

14. Global liquidity trap
    AJRC Working Papers, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University View citations (24)
    Also in KIER Working Papers, Kyoto University, Institute of Economic Research (2011) View citations (7)
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan (2010) View citations (14)
    Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2010) View citations (27)
    NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (10)
    See also Journal Article Global liquidity trap, Journal of Monetary Economics, Elsevier (2013) View citations (21) (2013)

2012

15. Making the case for a low intertemporal elasticity of substitution
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta View citations (6)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2011)
    KIER Working Papers, Kyoto University, Institute of Economic Research (2011)
16. Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis
    IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan View citations (2)
    Also in KIER Working Papers, Kyoto University, Institute of Economic Research (2011) View citations (1)
    See also Journal Article Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) (2018)

2011

17. Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets
    CESifo Working Paper Series, CESifo View citations (13)
    Also in KIER Working Papers, Kyoto University, Institute of Economic Research (2010) View citations (4)
    Economics Working Papers, European University Institute (2011) View citations (14)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (5)
18. Uninsured countercyclical risk: an aggregation result and application to optimal monetary policy
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta
    Also in CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo (2010)
    See also Journal Article UNINSURED COUNTERCYCLICAL RISK: AN AGGREGATION RESULT AND APPLICATION TO OPTIMAL MONETARY POLICY, Journal of the European Economic Association, European Economic Association (2012) View citations (18) (2012)

2009

19. Optimal Monetary Policy When Asset Markets are Incomplete
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
    Also in CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo (2009)
20. Optimal Monetary Policy with Imperfect Unemployment Insurance
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
    Also in 2006 Meeting Papers, Society for Economic Dynamics (2006)
    See also Journal Article Optimal monetary policy with imperfect unemployment insurance, Journal of Economic Dynamics and Control, Elsevier (2010) View citations (2) (2010)
21. Pareto Optimal Pro-cyclical Research and Development
    CIRJE F-Series, CIRJE, Faculty of Economics, University of Tokyo View citations (4)

2007

22. Collateral Constraint and News-driven Cycles
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (26)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (17)
    See also Journal Article COLLATERAL CONSTRAINT AND NEWS-DRIVEN CYCLES, Macroeconomic Dynamics, Cambridge University Press (2012) View citations (21) (2012)

Journal Articles

2022

1. Uninsured idiosyncratic risk and the government asset Laffer curve
   Journal of Macroeconomics, 2022, 71, (C) View citations (1)

2020

2. The Effectiveness of Consumption Taxes and Transfers as Insurance Against Idiosyncratic Risk
   Journal of Money, Credit and Banking, 2020, 52, (2-3), 505-530 View citations (1)
   See also Working Paper The Effectiveness of Consumption Taxes and Transfers as Insurance against Idiosyncratic Risk, UTokyo Price Project Working Paper Series (2017) View citations (4) (2017)

2018

3. Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis
   Review of Economic Dynamics, 2018, 29, 235-255
   See also Working Paper Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis, IMES Discussion Paper Series (2012) View citations (2) (2012)
   Software Item Code and data files for "Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis", Computer Codes (2018) (2018)

2017

4. The optimum quantity of debt for Japan
   Journal of the Japanese and International Economies, 2017, 46, (C), 17-26 View citations (7)
   See also Working Paper The Optimum Quantity of Debt for Japan, UTokyo Price Project Working Paper Series (2017) View citations (12) (2017)

2016

5. Constrained Inefficiency and Optimal Taxation with Uninsurable Risks
   Journal of Public Economic Theory, 2016, 18, (1), 1-28 View citations (9)
   See also Working Paper Constrained Inefficiency and Optimal Taxation with Uninsurable Risks, UTokyo Price Project Working Paper Series (2015) View citations (5) (2015)

2015

6. Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation
   American Economic Review, 2015, 105, (11), 3443-70 View citations (45)
   See also Working Paper Optimal taxation and debt with uninsurable risks to human capital accumulation, UTokyo Price Project Working Paper Series (2015) View citations (46) (2015)

2014

7. Safe asset shortages and asset price bubbles
   Journal of Mathematical Economics, 2014, 53, (C), 164-174 View citations (27)
   See also Working Paper Safe Asset Shortages and Asset Price Bubbles, KIER Working Papers (2014) View citations (33) (2014)

2013

8. Global liquidity trap
   Journal of Monetary Economics, 2013, 60, (8), 936-949 View citations (21)
   See also Working Paper Global liquidity trap, AJRC Working Papers (2013) View citations (24) (2013)

2012

9. COLLATERAL CONSTRAINT AND NEWS-DRIVEN CYCLES
   Macroeconomic Dynamics, 2012, 16, (5), 752-776 View citations (21)
   See also Working Paper Collateral Constraint and News-driven Cycles, Discussion papers (2007) View citations (26) (2007)
10. UNINSURED COUNTERCYCLICAL RISK: AN AGGREGATION RESULT AND APPLICATION TO OPTIMAL MONETARY POLICY
    Journal of the European Economic Association, 2012, 10, (6), 1450-1474 View citations (18)
    See also Working Paper Uninsured countercyclical risk: an aggregation result and application to optimal monetary policy, FRB Atlanta Working Paper (2011) (2011)

2010

11. Imperfect Common Knowledge in Macroeconomics
    Economic Review, 2010, 61, (1), 33-46
12. Optimal monetary policy with imperfect unemployment insurance
    Journal of Economic Dynamics and Control, 2010, 34, (3), 365-387 View citations (2)
    See also Working Paper Optimal Monetary Policy with Imperfect Unemployment Insurance, Discussion papers (2009) (2009)

2008

13. Asset price fluctuations in Japan: 1980-2000
    Japan and the World Economy, 2008, 20, (1), 129-153 View citations (3)
14. Liquidity trap and optimal monetary policy in open economies
    Journal of the Japanese and International Economies, 2008, 22, (1), 1-33 View citations (27)

2006

15. COMMENT: PRODUCTIVITY AND BUSINESS CYCLES IN JAPAN: EVIDENCE FROM JAPANESE INDUSTRY DATA*
    The Japanese Economic Review, 2006, 57, (2), 187-194 View citations (1)
16. Monetary policy with sticky prices and segmented markets
    Economic Theory, 2006, 27, (1), 163-177 View citations (6)
17. Unemployment and indeterminacy
    Journal of Economic Theory, 2006, 126, (1), 314-327 View citations (14)

2005

18. A business cycle model with variable capacity utilization and demand disturbances
    European Economic Review, 2005, 49, (5), 1331-1360 View citations (27)
19. Money and Prices Under Uncertainty
    The Review of Economic Studies, 2005, 72, (1), 223-246 View citations (34)

2003

20. Catch-up in turn in a multi-country international trade model with learning-by-doing and invention
    Journal of Development Economics, 2003, 72, (1), 117-138 View citations (4)
21. Sunspot Fluctuations in Asset Prices and Business Cycles in Japan Over 1986–1999
    The Japanese Economic Review, 2003, 54, (3), 253-274 View citations (8)

Software Items

2018

1. Code and data files for "Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Why Prices Don't Respond Sooner to a Prospective Sovereign Debt Crisis, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2018) (2018)