Working Papers

From Waseda University, Faculty of Political Science and Economics
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2423: Forward Guidance and Its Effectiveness: A Macro-Finance Shadow-Rate Framework

Junko Koeda and Bin Wei

2422: Frequency and Severity of Current Account Reversals: An Analysis with a Rational Expectations Regime Switching DSGE Model

Masashige Hamano and Yuki Murakami

2421: Welfare Cost of Business Cycles under Liquidity Constraints and Worker Heterogeneity

Similan Rujiwattanapong

2420: Search frictions in good markets and CPI inflation

Masashige Hamano, Philip Schnattinger and Kongphop Wongkaew

2419: Product Variety and Quality in Trade Dynamics

Masashige Hamano

2418: Labor Market Shocks and the Dynamics of the Aggregate Saving Rate in General Equilibrium

Similan Rujiwattanapong

2417: Job Search, Job Findings and the Role of Unemployment Insurance History

Similan Rujiwattanapong

2416: Credit Market Tightness and Zombie Firms: Theory and Evidence

Masashige Hamano, Philip Schnattinger, Mototsugu Shintani, Iichiro Uesugi and Francesco Zanetti

2415: Modern Banking Reforms and Financial Activities of Indigenous Merchants: A Case from Japan in the Late 19th Century

Makoto Fukumoto and Masato Shizume

2414: The Impact of the Belt and Road Initiative on Foreign Direct Investment from China, the United States, and Major Investor Countries

Yasuyuki Todo, Shuhei Nishitateno and Sean Brown

2413: Deriving Egalitarian and Proportional Principles from Individual Monotonicity

Yukihiko Funaki and Yukio Koriyama

2412: The Effects of Misperceived Managerial Skills: Evidence from Chinese Mutual Funds

Yue Cai

2411: Market Power and Money Market Funds Risk-Taking

Yue Cai

2410: The Impact of Earmarked Taxes on Supply Curve Shifts: A Laboratory Experiment

Shigeharu Okajima, Taro Shinoda, Yukihiko Funaki and Hiroko Okajima

2409: Does Hospital Capacity Affect Physicians' TreatmentPattern?

Yingqian Tang and Haruko Noguchi

2408: Era of restructuring: Deposit demand estimation and welfare consequences during the Japanese mega-bank mergers wave

Po-Lin Chen

2407: "Opulence and Freedom": What Adam Smith Could Teach Us about the Future of Capitalism

Masazumi Wakatabe

2406: Impacts of health checkup programs standardization on working-age self-employed and unemployed: Insights from Japan’s local government response to national policy

Masato Oikawa, Takamasa Yamaguchi, Awatani Toshihide, Haruko Noguchi and Akira Kawamura

2405: Heterogeneous impacts of local unemployment rates on child neglect: Evidence from Japan’s vital statistics on mortality

Masato Oikawa, Takumi Toyono, Haruko Noguchi and Akira Kawamura

2404: Feed-in-Tariff backfires: implicit carbon pricing and inter-fuel substitutionin manufacturing

Aline Mortha and Toshi Arimura

2403: Why do people who think they have failed want to see the results more? An investigation based on the Ego Utility Model

Kazumi Shimizu and Rongyu Hu

2402: From the Holy Land to the Homeland: The Impact of Anime Broadcasts on Economic Growth

Ryo Takahashi

2401: Optimal Government Spending in a Collateral-Constrained Small Open Economy

Masashige Hamano and Yuki Murakami

2313: Heterogeneous Impacts of Telework on Pregnancy and Birth Rates: Evidence from Longitudinal Data on Employment Dynamics in Japan

Alice Chong and Haruko Noguchi

2312: Beyond Language Proficiency: Understanding the Role of National Identification in Shaping Attitudes toward Immigrants

Akira Igarashi, Charles Crabtree and Yoshikuni Ono

2311: MOBILITY MEASURES FOR THE RESPONSIBILITY CUT

Jun Matsui

2310: Too“hot”to recognize her rights: The impact of climate change on attitude toward gender equality

Kahori Ishibashi and Ryo Takahashi

2309: Optimal Monetary Policy, Tariff Shocks and Exporter Dynamics

Masashige Hamano, Francesco Pappadà and Maria Punzi

2308: Fragility of The Condorcet Jury Theorem: Information Aggregation and Preference Aggregation

Masayuki MOdora

2307: The Macroeconomic Dynamics of Generations of Firms

Masashige Hamano and Toshihiro Okubo

2306: Heterogeneous Treatment Effect of Retirement on Cognitive Function

Koryu Sato, Haruko Noguchi and Kosuke Inoue

2305: Using a Soft Deadline to Counter Monopoly

Masahiro Yoshida

2304: To Lend or Not to Lend: The Bank of Japan’s ETF Purchase Program and Securities Lending

Mitsuru Katagiri, Junnosuke Shino and Koji Takahashi

2303: Aging, Health Risk, and Interest Rates

Reona Hagiwara

2302: Optimal Schooling for Economic Growth

Kazuyuki Sasakura

2220: China’s monopolization of newspaper ownership in the context of changing policies

Aya Kudo

2219: Election-Day Market Reactions to Tax Proposals: Evidence from a Close Vote

Masanori Orihara

2218: COVID-19: Firm Value and Pre-Existing Corporate Governance Regulations

Masanori Orihara

2217: Does Emissions Trading Scheme Induce Innovation and Carbon Leakage? Evidence from Japan

Guanyu Lu, Taisuke Sadayuki and Toshi Arimura

2215: Why High-level Executives Earn Less in the Governmental Than in the Private Sector

Amihai Glazer and Hideki Konishi

2214: An AxiomaticAnalysisofIntervalShapleyValues

Shinichi Ishihara and Junnosuke Shino

2213: Validity verification of Mental Accounting in Public Goods Payment

Hu Rongyu

2209: Fixation of inequality and emergence of the equal split norm: Approach from behavioral bargaining theory

Yoshio Kamijo

2208: Behavioral bargaining theory: Equality bias, risk attitude, and reference-dependent utility

Yoshio Kamijo and Koji Yokote

2207: Borrowing in Unsettled Times and Cash Holdings Afterwards

Masanori Orihara, Yoshiaki Ogura and Yue Cai

2206: Do Strict Egalitarians Really Exist?

Hyoji Kwon and Yukihiko Funaki

2205: What Will Be the Impact of Fintech on the Payment System? A Perspective from Money Creation

Hajime Tomura

2204: What Will Be the Impact of Fintech on the Payment System? A Perspective from Money Creation

Hajime Tomura

2203: Measuring the Response to Housing Energy Labels in Japan by Using an Eye-Tracking Experiment

Mieko Fujisawa, Kazuhisa Takemura Author-Name-Kazuhisa and Yukihiko Funaki Author-Name-Yukihiko

2202: Public reactions toward government-sponsored COVID-19 information in Japan

Gento Kato, Susumu Annaka and Masahisa Endo