Working Papers

From Tokyo Center for Economic Research
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e111: The Effects of Ethnic Chinese Minority on Vietnam's Regional Economic Development in the Post-Vietnam War Period

Masami Imai and Tuan Anh Viet Nguyen

e110: A Distribution-Free Test of Monotonicity with an Application to Auctions

Yusuke Matsuki

e109: Is the Renminbi a Safe Haven?

Rasmus Fatum, Yohei Yamamoto and Guozhong Zhu

e108: Does Managerial Experience in a Target Firm Matter for the Retention of Managers after M&As?

Kenjiro Hirata, Ayako Suzuki and Katsuya Takii

e107: Political Economy of Voluntary Approaches: A Lesson from Environmental Policies

Toshi Arimura, Shinji Kaneko, Shunsuke Managi, Takayoshi Shinkuma, Masashi Yamamoto and Yuichiro Yoshida

e106: Determinants and Effects of Worker-Initiated Training: Learning about Required Job Skills at the Workplace

Hiromi Hara

e105: Can Guest Workers Solve Japan's Fiscal Problems?

Sagiri Kitao, Selahattin Imrohoroglu and Tomoaki Yamada

e104: Nontraditional Monetary Policy in a Model of Default Risks and Collateral in the Absence of Commitment

Hiroshi Fujiki

e103: Optimality of the Friedman rule under ambiguity

Eisei Ohtaki

e102: Transmission Channels and Welfare Implications of Unconventional Monetary Easing Policy in Japan

Hiroshi Ugai

e101: Conservatism and Liquidity Traps

Taisuke Nakata and Sebastian Schmidt

e100: Multiplier Impacts and Emission Reduction Effects of Joint Crediting Mechanism: Analysis with a Japanese and International Disaggregated Input-Output Table

Makoto Sugino, Minoru Morita, Kazuyuki Iwata and Toshi Arimura

e099: Fiscal Cost to Exit Quantitative Easing: The Case of Japan

Hiroshi Fujiki and Hajime Tomura

e098: Electric Appliance Ownership and Usage: Application of Conditional Demand Analysis to Japanese Household Data

Shigeru Matsumoto

e097: Poverty decomposition by regression: An application to Tanzania

Tomoki Fujii

e096: Effects of Parental Leave Policies on Female Career and Fertility Choices

Shintaro Yamaguchi

e095: Inter-industry labor reallocation and task distance

Ayako Kondo and Saori Naganuma

e094: Pathways out of poverty in rural Laos

Jonna P. Estudillo, Keijiro Otsuka and Saygnasak Seng-Arloun

e093: R&D in Clean Technology: A Project Choice Model with Learning

Koki Oikawa

e092: Time varying pass-through: Will the yen depreciation help Japan hit the inflation

Etsuro Shioji

e091: Power of Joint Decision-Making in a Finitely-Repeated Dilemma

Kenju Kamei

e090: How does hyperinflation shock the economy?: Panel VAR Approach

Jun-Hyun Ko and Hiroshi Morita

e089: Effects of the Great East Japan Earthquake on Subjective Well-Being

Takuya Ishino, Akiko Kamesaka, Toshiya Murai and Masao Ogaki

e088: Post-Crisis Slow Recovery and Monetary Policy

Daisuke Ikeda and Takushi Kurozumi

e087: Reputation and Liquidity Traps

Taisuke Nakata

e086: Taking the Lord's Name in Vain: The Impact of Connected Directors on 19th century British Banks

Masami Imai and Richard Grossman

e085: An Experimental Study of Money Illusion in Intertemporal Decision Making

Tetsuo Yamamori, Kazuyuki Iwata and Akira Ogawa

e084: Price and Quality Changes in Outsiders of Regional Trade Agreements

Toshiyuki Matsuura, Kazunobu Hayakawa, Nuttawut Laksanapanyakul and Yuta Watabe

e083: Market penetration of imported agricultural products: A hedonic analysis of the Japanese table wine market

Viet-Ngu Hoang, Takao Iida, Shigeru Matsumoto, Natsuki Watanabe and Clevo Wilson

e082: Can Green Car Taxes Restore Efficiency? Evidence from the Japanese New Car Market

Yoshifumi Konishi and Meng Zhao

e081: Pareto-improving Immigration and Its Effect on Capital Accumulation in the Presence of Social Security

Hisahiro Naito

e080: The Impact of Learning and Living Environment of Colleges on Dropout Rates: A Study Using Panel Data

Kunio Urakawa and Kyoko Anegawa

e079: An Equilibrium Foundation of the Soros Chart

Takashi Kano and Hiroshi Morita

e078: The educational upgrading of Japanese youth, 1982-2007: Are Japanese youth ready for structural reforms?

Yoichi Arai, Hidehiko Ichimura and Daiji Kawaguchi

e077: The effectiveness of vehicle emission control policies: Evidence from Japanese experience

Kazuyuki Iwata, Toshi Arimura and Tetsuya Shimane

e076: Do Social Norms Matter to Energy Saving Behavior? Endogenous Social and Correlated Effects

Toshi Arimura, Hajime Katayama and Mari Sakudo

e075: The Kernel of a Patent Licensing Game

Shin Kishimoto and Naoki Watanabe

e074: Zipf's Law, Pareto's Law, and the Evolution of Top Incomes in the U.S

Shuhei Aoki and Makoto Nirei

e073: Attribution Error in Economic Voting: Evidence From Trade Shocks

Masami Imai, Cameron Shelton and Rosa Hayes

e072: Centralization, Decentralization and Incentive Problems in Eurozone Financial Governance: A Contract Theory Analysis

Yutaka Suzuki

e071: Buyer-Size Discounts and Inflation Dynamics

Mayumi Ojima, Junnosuke Shino and Kozo Ueda

e070: Lending Pro-Cyclicality and Macro-Prudential Policy: Evidence from Japanese LTV Ratios

Arito Ono, Hirofumi Uchida, Gregory Udell and Iichiro Uesugi

e069: Optimality in a Stochastic OLG Model with Ambiguity

Eisei Ohtaki and Hiroyuki Ozaki

e068: Aging and Real Estate Prices: Evidence from Japanese and US Regional Data

Yumi Saita, Chihiro Shimizu and Tsutomu Watanabe

e067: The Uncertainty Multiplier and Business Cycles

Hikaru Saijo

e066: Liquidity, Trends and the Great Recession

Pablo A. Guerron-Quintana and Ryo Jinnai

e065: Hierarchical Global Pollution Control in Asymmetric Information Environments: A Continuous-type, Three-tier Agency Framework

Yutaka Suzuki

e064: Airport privatization competition including domestic airline networks

Akio Kawasaki

e063: A Methodological Note on a Weighted Voting Experiment

Eric Guerci, Nobuyuki Hanaki, Naoki Watanabe, Gabriele Esposito and Xiaoyan Lu

e062: Diverse Behavior Patterns in a Symmetric Society with Voluntary Partnerships

Takako Fujiwara-Greve and Masahiro Okuno-Fujiwara

e061: The Effectiveness of Government Intervention to Promote Elderly Employment: Evidence from Elderly Employment Stabilization Law

Ayako Kondo and Hitoshi Shigeoka

e060: Efficiency may Improve when Defectors Exist

Takako Fujiwara-Greve, Masahiro Okuno-Fujiwara and Nobue Suzuki

e058: Asymmetric Liquidity Shocks and Optimality of the Freidman Rule

Eisei Ohtaki

e057: Nominal Idiosyncratic Shocks and Optimal Monetary Policy

Eisei Ohtaki

e056: Universities' Role as Knowledge Sources for Product Innovations

Kohei Nishikawa and Daisuke Kanama

e055: Bubble cycle

Masaya Sakuragawa

e054: Educational Credentialism and Elite Formation in Japan: A Long-term Perspective

Daiji Kawaguchi and Hiroshi Ono

e053: A NOTE ON DUTCH AUCTIONS WITH TIME CREDITS

Yumiko Baba

e052: MULTIMARKET CONTACT UNDER DEMAND FLUCTUATIONS: A LIMIT RESULT

Tadashi Sekiguchi

e051: CAN SMALL CLASS POLICY CLOSE THE GAP? AN EMPIRICAL ANALYSIS OF CLASS SIZE EFFECTS IN JAPAN

Hideo Akabayashi and Ryosuke Nakamura