Details about Makoto Nirei

Access statistics for papers by Makoto Nirei.

Last updated 2025-09-08. Update your information in the RePEc Author Service.

Short-id: pni69

Working Papers

2024

1. Digitalization, Entrepreneurship, and Wealth Inequality
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
2. Economic Growth through Basic Research by Firms: A science linkage approach
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
3. Empirical Estimation of the Propagation of Investment Spikes over the Production Network
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)
4. Propagation of Export Shocks: The Great Recession in Japan
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2023

5. Financial Innovations, Taxes, and the Growth of Finance
   CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo

2021

6. Repricing Avalanches
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo (2021)
   See also Journal Article Repricing Avalanches, Journal of Political Economy, University of Chicago Press (2024) View citations (1) (2024)
7. Repricing Avalanches in the Billion-Prices Data
   NBER Working Papers, National Bureau of Economic Research, Inc

2020

8. Necessities, Home Production, and Economic Impacts of Stay-at-Home Policies
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan

2019

9. Self-Organization of Inflation Volatility
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
   Also in 2019 Meeting Papers, Society for Economic Dynamics (2019)
10. Value of Data: There's No Such Thing as a Free Lunch in the Digital Economy
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (12)
    Also in BEA Working Papers, Bureau of Economic Analysis (2018) View citations (6)

2018

11. Herding and Power Laws in Financial Markets
    CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo
12. Risk-Taking, Inequality and Output in the Long-Run
    Bank of Japan Working Paper Series, Bank of Japan View citations (1)
13. Trade Clustering and Power Laws in Financial Markets (Published in Theoretical Economics, 15:1365?1398, 2020)
    CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo

2016

14. Supply Chain Disruptions: Evidence from the Great East Japan Earthquake
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (157)
    Also in Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge (2016) View citations (149)
    Discussion papers, Policy Research Institute, Ministry of Finance Japan (2016) View citations (146)
    2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (52)
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2014) View citations (55)
    See also Journal Article Supply Chain Disruptions: Evidence from the Great East Japan Earthquake*, The Quarterly Journal of Economics, President and Fellows of Harvard College (2021) View citations (255) (2021)
15. Zipf's Law, Pareto's Law, and the Evolution of Top Incomes in the U.S
    MPRA Paper, University Library of Munich, Germany
    Also in 2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (7)
    Working Papers, Tokyo Center for Economic Research (2014)

2015

16. Bank capital shock propagation via syndicated interconnectedness
    BIS Working Papers, Bank for International Settlements View citations (3)
    See also Journal Article Bank Capital Shock Propagation via Syndicated Interconnectedness, Computational Economics, Springer (2016) View citations (4) (2016)

2014

17. Beauty Contests and Fat Tails in Financial Markets
    CARF F-Series, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo

2013

18. Interaction-based Foundation of Aggregate Investment Shocks
    IIR Working Paper, Institute of Innovation Research, Hitotsubashi University
    Also in 2013 Meeting Papers, Society for Economic Dynamics (2013)
19. Management of Science, Serendipity, and Research Performance: Evidence from Scientists' Survey
    IIR Working Paper, Institute of Innovation Research, Hitotsubashi University
20. Pareto Distributions and the Evolution of Top Incomes in the U.S
    MPRA Paper, University Library of Munich, Germany View citations (19)
21. 財のオンライン市場のエージェントモデル
    CIGS Working Paper Series, The Canon Institute for Global Studies

2012

22. Stochastic Herding in Financial Markets Evidence from Institutional Investor Equity Portfolios
    BIS Working Papers, Bank for International Settlements View citations (5)

2011

23. Detecting Propagation Effects by Observing Aggregate Distributions: The Case of Lumpy Investments
    Economics Working Papers, European University Institute View citations (3)
24. Investment Risk, Pareto Distribution, and the Effects of Tax
    Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) View citations (1)

2009

25. Detecting Endogenous Effects by Aggregate Distributions: A Case of Lumpy Investments
    IIR Working Paper, Institute of Innovation Research, Hitotsubashi University
26. Endogenous Fluctuations of Investment and Output in a Model of Discrete Capital Adjustments
    IIR Working Paper, Institute of Innovation Research, Hitotsubashi University
27. Pareto Distributions in Economic Growth Models
    IIR Working Paper, Institute of Innovation Research, Hitotsubashi University View citations (27)

2008

28. Aggregate Fluctuations of Discrete Investments
    IIR Working Paper, Institute of Innovation Research, Hitotsubashi University View citations (3)
29. Time-Varying Employment Risks and Consumption: A Quantitative General Equilibrium Study
    IIR Working Paper, Institute of Innovation Research, Hitotsubashi University

2006

30. Herd Behavior and Fat Tails in Financial Markets
    2006 Meeting Papers, Society for Economic Dynamics

2005

31. Empirical study and model of personal income
    Papers, arXiv.org View citations (6)
32. Numerical investigation on bottom-up fluctuation of investment
    Computing in Economics and Finance 2005, Society for Computational Economics

2004

33. Lumpy Investment, Sectoral Propagation, and Business Cycles
    Computing in Economics and Finance 2004, Society for Computational Economics
    Also in 2004 Meeting Papers, Society for Economic Dynamics (2004)

Journal Articles

2025

1. Fiscal Projections and Debt Sustainability in Japan
   Asian Economic Policy Review, 2025, 20, (2), 222-232

2024

2. Repricing Avalanches
   Journal of Political Economy, 2024, 132, (4), 1327 - 1388 View citations (1)
   See also Working Paper Repricing Avalanches, NBER Working Papers (2021) (2021)

2021

3. Formation of Chinese venture capital syndication network
   The Japanese Economic Review, 2021, 72, (1), 49-64 View citations (3)
4. Supply Chain Disruptions: Evidence from the Great East Japan Earthquake*
   The Quarterly Journal of Economics, 2021, 136, (2), 1255-1321 View citations (255)
   See also Working Paper Supply Chain Disruptions: Evidence from the Great East Japan Earthquake, CEPR Discussion Papers (2016) View citations (157) (2016)

2020

5. Trade clustering and power laws in financial markets
   Theoretical Economics, 2020, 15, (4) View citations (4)

2017

6. An Empirical Study of Interaction-Based Aggregate Investment Fluctuations
   The Japanese Economic Review, 2017, 68, (2), 137-157 View citations (2)
   Also in The Japanese Economic Review, 2017, 68, (2), 137-157 (2017) View citations (2)
7. Zipf's Law, Pareto's Law, and the Evolution of Top Incomes in the United States
   American Economic Journal: Macroeconomics, 2017, 9, (3), 36-71 View citations (24)

2016

8. Bank Capital Shock Propagation via Syndicated Interconnectedness
   Computational Economics, 2016, 47, (1), 67-96 View citations (4)
   See also Working Paper Bank capital shock propagation via syndicated interconnectedness, BIS Working Papers (2015) View citations (3) (2015)
9. Pareto Distribution of Income in Neoclassical Growth Models
   Review of Economic Dynamics, 2016, 20, 25-42 View citations (64)
   See also Software Item Code and data files for "Pareto Distribution of Income in Neoclassical Growth Models", Computer Codes (2015) (2015)
10. Time-Varying Employment Risks, Consumption Composition, and Fiscal Policy
    Economics Bulletin, 2016, 36, (2), 802-812

2015

11. An interaction-based foundation of aggregate investment fluctuations
    Theoretical Economics, 2015, 10, (3) View citations (11)
12. Management of science, serendipity, and research performance: Evidence from a survey of scientists in Japan and the U.S
    Research Policy, 2015, 44, (4), 862-873 View citations (17)

2011

13. Jumps in foreign exchange rates and stochastic unwinding of carry trades
    International Review of Economics & Finance, 2011, 20, (1), 110-127 View citations (9)

2010

14. Closely Competing Firms and Price Adjustment: Some Findings from an Online Marketplace
    Scandinavian Journal of Economics, 2010, 112, (4), 673-696 View citations (14)

2008

15. Self-organized criticality in a herd behavior model of financial markets
    Journal of Economic Interaction and Coordination, 2008, 3, (1), 89-97 View citations (8)

2007

16. A TWO FACTOR MODEL OF INCOME DISTRIBUTION DYNAMICS
    Review of Income and Wealth, 2007, 53, (3), 440-459 View citations (83)

2006

17. Quantifying Borrowing Constraints and Precautionary Savings
    Review of Economic Dynamics, 2006, 9, (2), 353-363 View citations (5)
18. Threshold behavior and aggregate fluctuation
    Journal of Economic Theory, 2006, 127, (1), 309-322 View citations (42)

2000

19. (S,s) inventory dynamics and self-organized criticality
    Research in Economics, 2000, 54, (4), 375-383

1999

20. Critical fluctuations in a random network model
    Physica A: Statistical Mechanics and its Applications, 1999, 269, (1), 16-23

Software Items

2015

1. Code and data files for "Pareto Distribution of Income in Neoclassical Growth Models"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article Pareto Distribution of Income in Neoclassical Growth Models, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2016) View citations (64) (2016)