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Mitsuhiro Fukao

Personal Details

First Name:Mitsuhiro
Middle Name:
Last Name:Fukao
Suffix:
RePEc Short-ID:pfu58
[This author has chosen not to make the email address public]
https://m.facebook.com/MitsuhiroFukao?ref=bookmarks
4-8-12 Hakusan Bunkyo-ku Tokyo 112-0001 Japan
+90-3960-8003
Terminal Degree:1981 Economics Department; University of Michigan (from RePEc Genealogy)

Affiliation

(20%) Faculty of Economics
Musashino University

Tokyo, Japan
http://www.musashino-u.ac.jp/faculty/economics/
RePEc:edi:femuojp (more details at EDIRC)

(80%) Faculty of Business and Commerce
Keio University

Tokyo, Japan
http://www.fbc.keio.ac.jp/
RePEc:edi:fbkeijp (more details at EDIRC)

Research output

as
Jump to: Working papers Articles Chapters Books

Working papers

  1. FUKAO Mitsuhiro, 2016. "MITI (METI)'s Policies for Industrial Adjustment in Postwar Japan (Japanese)," Discussion Papers (Japanese) 16033, Research Institute of Economy, Trade and Industry (RIETI).
  2. FUKAO Mitsuhiro, 2016. "Fiscal Cost of Quantitative Easing and Negative Interest Rate Policy by the Bank of Japan: Resolution method of a central bank with large negative equity (Japanese)," Discussion Papers (Japanese) 16032, Research Institute of Economy, Trade and Industry (RIETI).
  3. FUKAO Mitsuhiro, 2015. "Sustainability of the Fiscal Deficit and the Social Security System, and Fiscal Cost of Monetary Policy (Japanese)," Policy Discussion Papers (Japanese) 15022, Research Institute of Economy, Trade and Industry (RIETI).
  4. FUKAO Mitsuhiro, 2014. "Fiscal Consolidation in Japan," Discussion papers 14015, Research Institute of Economy, Trade and Industry (RIETI).
  5. FUKAO Mitsuhiro, 2012. "The Sustainability of Budget Deficit in Japan (Japanese)," Discussion Papers (Japanese) 12018, Research Institute of Economy, Trade and Industry (RIETI).
  6. FUKAO Mitsuhiro, 2012. "European Sovereign Debt Crisis and its Implications for Japan (Japanese)," Policy Discussion Papers (Japanese) 12011, Research Institute of Economy, Trade and Industry (RIETI).
  7. Mitsuhiro Fukao, 2010. "Financial Crisis and Long-term Stagnation in Japan: Fiscal Consolidation under Deflationary Pressures," Keio/Kyoto Joint Global COE Discussion Paper Series 2010-010, Keio/Kyoto Joint Global COE Program.
  8. FUKAO Mitsuhiro & HASUMI Ryo & NAKATA Daigo, 2007. "Declining Fertility and Aging of Society, Lifecycle, and Public Pension Finance (Japanese)," Discussion Papers (Japanese) 07019, Research Institute of Economy, Trade and Industry (RIETI).
  9. FUKAO Mitsuhiro & NAKATA Daigo & HASUMI Ryo, 2007. "Simulation Analysis of the Revision of the Survivors' Pension System (Japanese)," Discussion Papers (Japanese) 07020, Research Institute of Economy, Trade and Industry (RIETI).
  10. FUKAO Mitsuhiro & KANEKO Yoshihiro & NAKATA Daigo & HASUMI Ryo, 2006. "Establishing Principles for a More Sustainable Pension System in Japan, and Identifying Challenges (Japanese)," Discussion Papers (Japanese) 06012, Research Institute of Economy, Trade and Industry (RIETI).
  11. Mitsuhiro Fukao, 2005. "The Effects of 'Gesell' (Currency) Taxes in Promoting Japan's Economic Recovery," Hi-Stat Discussion Paper Series d05-94, Institute of Economic Research, Hitotsubashi University.
  12. Mitsuhiro Fukao, 2003. "Financial strains and the zero lower bound: the Japanese experience," BIS Working Papers 141, Bank for International Settlements.
  13. Mitsuhiro Fukao, 2002. "Financial Sector Profitability and Double-Gearing," NBER Working Papers 9368, National Bureau of Economic Research, Inc.
  14. Fukao, Mitsuhiro & 深尾, 光洋 & フカオ, ミツヒロ, 2001. "Financial Deregulations, Weakness of Market Discipline, and Market Development: Japan's Experience and Lessons for Developing Countries," CEI Working Paper Series 2001-17, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
  15. Mitsuhiro Fukao, 1993. "International Integration of Financial Markets and the Cost of Capital," OECD Economics Department Working Papers 128, OECD Publishing.
  16. Mitsuhiro Fukao & Masaharu Hanazaki, 1986. "Internationalisation of Financial Markets: Some Implications for Macroeconomic Policy and for the Allocation of Capital," OECD Economics Department Working Papers 37, OECD Publishing.

Articles

  1. Mitsuhiro Fukao & Etsuro Shioji, 2022. "Is There a Trade‐Off between COVID‐19 Control and Economic Activity? Implications from the Phillips Curve Debate," Asian Economic Policy Review, Japan Center for Economic Research, vol. 17(1), pages 66-85, January.
  2. Mitsuhiro Fukao, 2021. "Comment on “The Welfare Implications of Massive Money Injection: The Japanese Experience from 2013 to 2020”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(2), pages 245-246, July.
  3. Mitsuhiro Fukao, 2012. "Comment on “The Fall and Rise of K eynesian Fiscal Policy”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 7(2), pages 176-177, December.
  4. Mitsuhiro FUKAO, 2010. "Comment on “Global Imbalances and the Financial Crisis: Reassessing the Role of International Finance”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 5(2), pages 217-218, December.
  5. Mitsuhiro FUKAO, 2010. "Comment on “Policy Framework for Transition to a Low‐Carbon World Economy”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 5(1), pages 37-38, June.
  6. Mitsuhiro Fukao, 2009. "Comment on “Aging, Asset Markets, and Asset Returns: A View From Europe to Asia”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 4(1), pages 95-96, June.
  7. Mitsuhiro FUKAO, 2007. "Financial Crisis and the Lost Decade," Asian Economic Policy Review, Japan Center for Economic Research, vol. 2(2), pages 273-297, December.
  8. Mitsuhiro FUKAO, 2007. "Comment on “Are Banking Systems in East Asia Stronger?”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 2(1), pages 98-99, June.
  9. Mitsuhiro Fukao, 2005. "The effects of ‘Gesell’ (Currency) taxes in promoting Japan's economic recovery," International Economics and Economic Policy, Springer, vol. 2(2), pages 173-188, November.
  10. Mitsuhiro Fukao, 2003. "Japan's Lost Decade and its Financial System," The World Economy, Wiley Blackwell, vol. 26(3), pages 365-384, March.
  11. Mitsuhiro Fukao, 1991. "Exchange Rate Movements and Capital-Asset Ratio of Banks: On the Conept of Structural Positions," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 9(2), pages 91-104, September.
  12. Mitsuhiro Fukao, 1990. "Liberalization of Japan's Foreign Exchange Controls and Structural Changes in the Balance of Payments," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 8(2), pages 101-165, September.
  13. Fukao, Mitsuhiro & Okina, Kunio, 1989. "Internationalization of financial markets and balance of payments imbalances: A Japanese perspective," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 30(1), pages 167-220, January.
  14. Mitsuhiro Fukao, 1989. "Exchange Rate Fluctuations, Balance of Payments Imbalances and Internationalization of Financial Markets," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 7(2), pages 25-71, August.
  15. Fukao, Mitsuhiro & Okubo, Takashi, 1984. "International Linkage of Interest Rates: The Case of Japan and the United States," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 193-207, February.

Chapters

  1. Mitsuhiro Fukao, 2018. "Financial market efficiency: a comparative perspective," Chapters, in: Dongchul Cho & Takatoshi Ito & Andrew Mason (ed.), Economic Stagnation in Japan, chapter 7, pages 139-162, Edward Elgar Publishing.
  2. Mitsuhiro Fukao, 2006. "Financial Strains and the Zero Lower Bound: The Japanese Experience," NBER Chapters, in: Monetary Policy with Very Low Inflation in the Pacific Rim, pages 203-227, National Bureau of Economic Research, Inc.
  3. Mitsuhiro Fukao, 2003. "Capital account liberalisation: the Japanese experience and implications for China," BIS Papers chapters, in: Bank for International Settlements (ed.), China's capital account liberalisation: international perspective, volume 15, pages 35-57, Bank for International Settlements.
  4. Mitsuhiro Fukao, 2003. "Financial Sector Profitability and Double-Gearing," NBER Chapters, in: Structural Impediments to Growth in Japan, pages 9-36, National Bureau of Economic Research, Inc.
  5. Mitsuhiro Fukao, 2003. "Japan's Lost Decade and Weaknesses in Its Corporate Governance Structure," Chapters, in: Robert M. Stern (ed.), Japan’s Economic Recovery, chapter 9, pages 289-340, Edward Elgar Publishing.
  6. Mitsuhiro Fukao, 1996. "Discussion of 'Alternative Models of Financial System Development'," RBA Annual Conference Volume (Discontinued), in: Malcom Edey (ed.),The Future of the Financial System, Reserve Bank of Australia.

Books

  1. Masci, Pietro & Utsumi, Makoto & Trigo Loubière, Jacques & Okubo, Yoshio & Sato, Takafumi & De Krivoy, Ruth & Fukao, Mitsuhiro & Martínez Peria, María Soledad & Schmukler, Sergio & Chicoma, José & Dem, 2003. "Financial Crises in Japan and Latin America," IDB Publications (Books), Inter-American Development Bank, number 195, November.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Mitsuhiro Fukao, 2010. "Financial Crisis and Long-term Stagnation in Japan: Fiscal Consolidation under Deflationary Pressures," Keio/Kyoto Joint Global COE Discussion Paper Series 2010-010, Keio/Kyoto Joint Global COE Program.

    Cited by:

    1. Rod Tyers & Ying Zhang, 2011. "Japan's Economic Recovery: Insights from Multi-Region Dynamics," Economics Discussion / Working Papers 11-13, The University of Western Australia, Department of Economics.
    2. Rod Tyers & Jenny Corbett, 2012. "Japan's economic slowdown and its global implications: a review of the economic modelling," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 26(2), pages 1-28, November.
    3. Vipin Arora & Rod Tyers & Ying Zhang, 2014. "Reconstructing the Savings Glut: The Global Implications of Asian Excess Saving," Economics Discussion / Working Papers 14-24, The University of Western Australia, Department of Economics.

  2. Mitsuhiro Fukao, 2005. "The Effects of 'Gesell' (Currency) Taxes in Promoting Japan's Economic Recovery," Hi-Stat Discussion Paper Series d05-94, Institute of Economic Research, Hitotsubashi University.

    Cited by:

    1. Buiter, Willem, 2009. "Negative Nominal Interest Rates: Three ways to overcome the zero lower bound," CEPR Discussion Papers 7346, C.E.P.R. Discussion Papers.
    2. Roman N. Bozhya-Volya & Alina S. Rybak, 2019. "Why Should Money Lose Value With Time: Boosting Economy In The Era Of E-Money," HSE Working papers WP BRP 207/EC/2019, National Research University Higher School of Economics.
    3. Mitsuhiro Fukao, 2021. "Comment on “The Welfare Implications of Massive Money Injection: The Japanese Experience from 2013 to 2020”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(2), pages 245-246, July.
    4. Buiter, Willem, 2012. "The Role of Central Banks in Financial Stability: How has it changed?," CEPR Discussion Papers 8780, C.E.P.R. Discussion Papers.
    5. Roger J. Sandilands, 2010. "Hawtreyan ‘Credit Deadlock’ or Keynesian ‘Liquidity Trap’? Lessons for Japan from the Great Depression," Palgrave Macmillan Books, in: Robert Leeson (ed.), David Laidler’s Contributions to Economics, chapter 15, pages 335-371, Palgrave Macmillan.
    6. Murota, Ryu-ichiro, 2019. "Negative interest rate policy in a permanent liquidity trap," MPRA Paper 93498, University Library of Munich, Germany.
    7. Ulrich van Suntum & Metin Kaptan & Cordelius Ilgmann, "undated". "Reducing the lower bound on market interest rates," Working Papers 200103, Institute of Spatial and Housing Economics, Munster Universitary.
    8. Harashima, Taiji, 2016. "A Theory of Deflation: Can Expectations Be Influenced by a Central Bank?," MPRA Paper 71276, University Library of Munich, Germany.
    9. Loehr, Dirk, 2012. "The euthanasia of the rentier — A way toward a steady-state economy?," Ecological Economics, Elsevier, vol. 84(C), pages 232-239.

  3. Mitsuhiro Fukao, 2003. "Financial strains and the zero lower bound: the Japanese experience," BIS Working Papers 141, Bank for International Settlements.

    Cited by:

    1. Borio, Claudio & Filardo, Andrew J., 2004. "Looking back at the international deflation record," The North American Journal of Economics and Finance, Elsevier, vol. 15(3), pages 287-311, December.
    2. Tim Robinson & Andrew Stone, 2005. "Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound," NBER Working Papers 11105, National Bureau of Economic Research, Inc.
    3. Andrew Filardo & Claudio E. V. Borio, 2004. "Back to the future? Assessing the deflation record," BIS Working Papers 152, Bank for International Settlements.
    4. Laurence Ball, 2005. "Fiscal Remedies for Japan's Slump," NBER Working Papers 11374, National Bureau of Economic Research, Inc.
    5. Mitsuhiro Fukao, 2010. "Financial Crisis and Long-term Stagnation in Japan: Fiscal Consolidation under Deflationary Pressures," Keio/Kyoto Joint Global COE Discussion Paper Series 2010-010, Keio/Kyoto Joint Global COE Program.
    6. FUKAO Mitsuhiro, 2014. "Fiscal Consolidation in Japan," Discussion papers 14015, Research Institute of Economy, Trade and Industry (RIETI).
    7. David Laidler, 2003. "Monetary Policy without Money: Hamlet without the Ghost," University of Western Ontario, Departmental Research Report Series 20037, University of Western Ontario, Department of Economics.
    8. Christian Broda & David E. Weinstein, 2004. "Happy News from the Dismal Science: Reassessing the Japanese Fiscal Policy and Sustainability," NBER Working Papers 10988, National Bureau of Economic Research, Inc.
    9. Mitsuhiro Fukao, 2005. "The effects of ‘Gesell’ (Currency) taxes in promoting Japan's economic recovery," International Economics and Economic Policy, Springer, vol. 2(2), pages 173-188, November.

  4. Mitsuhiro Fukao, 2002. "Financial Sector Profitability and Double-Gearing," NBER Working Papers 9368, National Bureau of Economic Research, Inc.

    Cited by:

    1. Masami Imai & Seitaro Takarabe, 2009. "Transmission of Liquidity Shock to Bank Credit: Evidence from the Deposit Insurance Reform in Japan," Wesleyan Economics Working Papers 2009-001, Wesleyan University, Department of Economics.
    2. Hoshi, Takeo & Kashyap, Anil K, 2010. "Will the U.S. bank recapitalization succeed? Eight lessons from Japan," Journal of Financial Economics, Elsevier, vol. 97(3), pages 398-417, September.
    3. George Halkos & Roman Matousek & Nickolaos Tzeremes, 2016. "Pre-evaluating technical efficiency gains from possible mergers and acquisitions: evidence from Japanese regional banks," Review of Quantitative Finance and Accounting, Springer, vol. 46(1), pages 47-77, January.
    4. Hirakata, Naohisa & Sudo, Nao & Takei, Ikuo & Ueda, Kozo, 2016. "Japan's financial crises and lost decades," Japan and the World Economy, Elsevier, vol. 40(C), pages 31-46.
    5. Masami Imai, 2006. "The Emergence of Market Monitoring in Japanese Banks: Evidence from the Subordinated Debt Market," Wesleyan Economics Working Papers 2006-008, Wesleyan University, Department of Economics.
    6. Unnava, Vaasavi, 2021. "Prompt Recapitalization Act," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 3(3), pages 254-284, April.
    7. Hakenes, Hendrik & Schnabel, Isabel, 2004. "Banks without parachutes : competitive effects of government bail-out policies," Papers 04-53, Sonderforschungsbreich 504.
    8. Nelson, Benjamin & Tanaka, Misa, 2014. "Dealing with a banking crisis: what lessons can be learned from Japan’s experience?," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 36-48.
    9. Nakashima, Kiyotaka & Takahashi, Koji, 2016. "The Real Effects of Bank-Driven Termination of Relationships: Evidence from Loan-level Matched Data," MPRA Paper 70668, University Library of Munich, Germany.
    10. Imai, Masami, 2019. "Regulatory responses to banking crisis: Lessons from Japan," Global Finance Journal, Elsevier, vol. 39(C), pages 10-16.
    11. Masami Imai, 2009. "Political Influence and Declarations of Bank Insolvency in Japan," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(1), pages 131-158, February.
    12. Sumner J. La Croix & Akihiko Kawaura, 2005. "Institutional Change in Japan: Theory, Evidence, and Reflections," Economics Study Area Working Papers 82, East-West Center, Economics Study Area.
    13. Hoshi, Takeo & Ito, Takatoshi, 2004. "Financial regulation in Japan: a sixth year review of the Financial Services Agency," Journal of Financial Stability, Elsevier, vol. 1(2), pages 229-243, December.
    14. Borio, Claudio, 2014. "The financial cycle and macroeconomics: What have we learnt?," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 182-198.
    15. Marianne Rubinstein, 2009. "Quels enseignements tirer de la crise financière japonaise pour la crise actuelle ?," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 251-271.
    16. Anil K. Kashyap, 2002. "Sorting out Japan's financial crisis," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 26(Q IV), pages 42-55.
    17. Marianne Rubinstein, 2008. "Le marché de l’immobilier résidentiel en France : évolutions récentes et perspectives," Revue d'Économie Financière, Programme National Persée, vol. 91(1), pages 143-163.
    18. Richard S. Grossman & Masami Imai, 2011. "Contingent Capital and Bank Risk-Taking among British Banks before World War I," Wesleyan Economics Working Papers 2011-003, Wesleyan University, Department of Economics.
    19. David C. Smith, 2003. "Loans to Japanese borrowers," International Finance Discussion Papers 769, Board of Governors of the Federal Reserve System (U.S.).
    20. Oren Levintal, 2012. "Equity Capital, Bankruptcy Risk and the Liquidity Trap," Working Papers 2012-07, Bar-Ilan University, Department of Economics.
    21. Robert Dekle, 2003. "The Deteriorating Fiscal Situation and an Aging Population," NBER Chapters, in: Structural Impediments to Growth in Japan, pages 71-88, National Bureau of Economic Research, Inc.
    22. Masami Imai, 2006. "Market Discipline and Deposit Insurance Reform in Japan," Wesleyan Economics Working Papers 2006-007, Wesleyan University, Department of Economics.
    23. Heather Montgomery & Satoshi Shimizutani, 2005. "The Effectiveness of Bank Recapitalization in Japan," Hi-Stat Discussion Paper Series d05-105, Institute of Economic Research, Hitotsubashi University.
    24. Smith, David C., 2003. "Loans to Japanese borrowers," Journal of the Japanese and International Economies, Elsevier, vol. 17(3), pages 283-304, September.
    25. Mitsuhiro Fukao, 2005. "The effects of ‘Gesell’ (Currency) taxes in promoting Japan's economic recovery," International Economics and Economic Policy, Springer, vol. 2(2), pages 173-188, November.
    26. Claudio Borio, 2014. "The financial cycle and macroeconomics: what have we learned and what are the policy implications?," Chapters, in: Ewald Nowotny & Doris Ritzberger-Grünwald & Peter Backé (ed.), Financial Cycles and the Real Economy, chapter 2, pages 10-35, Edward Elgar Publishing.
    27. David C. Smith, 2002. "Loans to Japanese borrowers," Pacific Basin Working Paper Series 2002-11, Federal Reserve Bank of San Francisco.
    28. Barseghyan, Levon, 2010. "Non-performing loans, prospective bailouts, and Japan's slowdown," Journal of Monetary Economics, Elsevier, vol. 57(7), pages 873-890, October.
    29. Takeo Hoshi & Anil K. Kashyap, 2004. "Japan's Financial Crisis and Economic Stagnation," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 3-26, Winter.

  5. Fukao, Mitsuhiro & 深尾, 光洋 & フカオ, ミツヒロ, 2001. "Financial Deregulations, Weakness of Market Discipline, and Market Development: Japan's Experience and Lessons for Developing Countries," CEI Working Paper Series 2001-17, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.

    Cited by:

    1. Agarwal, Sumit & Chomsisengphet, Souphala & Liu, Chunlin & Ghon Rhee, S., 2007. "Earnings management behaviors under different economic environments: Evidence from Japanese banks," International Review of Economics & Finance, Elsevier, vol. 16(3), pages 429-443.
    2. Gabrisch, Hubert, 2002. "Financial fragility and exchange rate arrangements of EU candidate countries," IWH Discussion Papers 156/2002, Halle Institute for Economic Research (IWH).
    3. Sumit Agarwal & Souphala Chomsisengphet & Chunlin Liu & S. Ghon Rhee, 2003. "Earnings Management During Distinct Periods of Capital Demand – Evidence from Japanese Banks," FHFA Staff Working Papers 03-06, Federal Housing Finance Agency.
    4. Hanazaki, Masaharu & Horiuchi, Akiyoshi, 2003. "A review of Japan's bank crisis from the governance perspective," Pacific-Basin Finance Journal, Elsevier, vol. 11(3), pages 305-325, July.
    5. Hanazaki, Masaharu & 花崎, 正晴 & ハナザキ, マサハル & Souma, Toshiyuki & 相馬, 利行 & ソウマ, トシユキ & Wiwattanakantang, Yupana & ウィワッタナカンタン, ユパナ, 2004. "Silent Large Shareholders and Entrenched Bank Management: Evidence from the Banking Crisis in Japan," CEI Working Paper Series 2004-1, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    6. Rixtel, Adrian van & Wiwattanakantang, Yupana & ウィワッタナカンタン, ユパナ & Souma, Toshiyuki & 相馬, 利行 & Suzuki, Kazunori & スズキ, カズノリ, 2002. "Banking in Japan: Will "Too Big To Fail" Prevail?," CEI Working Paper Series 2002-16, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.

  6. Mitsuhiro Fukao, 1993. "International Integration of Financial Markets and the Cost of Capital," OECD Economics Department Working Papers 128, OECD Publishing.

    Cited by:

    1. de Brouwer,Gordon, 1999. "Financial Integration in East Asia," Cambridge Books, Cambridge University Press, number 9780521651486, October.
    2. Richard Herring, 1994. "International Financial Integration: The Continuing Process," Center for Financial Institutions Working Papers 94-23, Wharton School Center for Financial Institutions, University of Pennsylvania.
    3. Ketil Hviding, 1997. "Some international evidence on the 'equity premium'," Applied Economics Letters, Taylor & Francis Journals, vol. 4(10), pages 599-602.

  7. Mitsuhiro Fukao & Masaharu Hanazaki, 1986. "Internationalisation of Financial Markets: Some Implications for Macroeconomic Policy and for the Allocation of Capital," OECD Economics Department Working Papers 37, OECD Publishing.

    Cited by:

    1. Denise Côté & Christopher Graham, 2004. "Convergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization," Staff Working Papers 04-23, Bank of Canada.
    2. de Brouwer,Gordon, 1999. "Financial Integration in East Asia," Cambridge Books, Cambridge University Press, number 9780521651486, October.
    3. Menzie D. Chinn & Jeffrey A. Frankel, 1995. "Who drives real interest rates around the Pacific Rim: the US or Japan?," Pacific Basin Working Paper Series 95-02, Federal Reserve Bank of San Francisco.
    4. Antje Hildebrandt & Duy T. Huynh-Olesen & Katharina Steiner & Karin Wagner, 2013. "Residential Property Prices in Central, Eastern and Southeastern European Countries," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 52-76.
    5. Daniele Checchi, 1992. "What are the Real Effects of Liberalizing International Capital Movements?," Open Economies Review, Springer, vol. 3(1), pages 83-125, February.
    6. Menzie Chinn & Jeffery Frankel, 1995. "The relative influence of US and Japan on real interest rates around the Pacific Rim," International Finance 9508004, University Library of Munich, Germany.

Articles

  1. Mitsuhiro Fukao & Etsuro Shioji, 2022. "Is There a Trade‐Off between COVID‐19 Control and Economic Activity? Implications from the Phillips Curve Debate," Asian Economic Policy Review, Japan Center for Economic Research, vol. 17(1), pages 66-85, January.

    Cited by:

    1. Beppu, Shotaro & Fujii, Daisuke & Kubota, Hiroyuki & Machi, Kohei & Maeda, Yuta & Nakata, Taisuke & Shibuya, Haruki, 2023. "Cross-regional heterogeneity in health and economic outcomes during the COVID-19 pandemic: An analysis of Japan," Journal of the Japanese and International Economies, Elsevier, vol. 70(C).
    2. Jonathan Skinner, 2022. "Comment on “Is there a Trade‐off between Covid‐19 Control and Economic Activity? Implications from the Phillips Curve Debate”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 17(1), pages 86-87, January.
    3. Shibamoto, Masahiko & Hayaki, Shoka & Ogisu, Yoshitaka, 2022. "COVID-19 infection spread and human mobility," Journal of the Japanese and International Economies, Elsevier, vol. 64(C).
    4. MASUHARA Hiroaki & HOSOYA Kei, 2022. "What Impacts Do Human Mobility and Vaccination Have on Trends in COVID-19 Infections? Evidence from four developed countries," Discussion papers 22087, Research Institute of Economy, Trade and Industry (RIETI).
    5. Takatoshi Ito & Kazumasa Iwata & Colin McKenzie & Haruko Noguchi & Shujiro Urata, 2022. "The COVID‐19 Pandemic and Asia: Editors' Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 17(1), pages 1-17, January.

  2. Mitsuhiro Fukao, 2021. "Comment on “The Welfare Implications of Massive Money Injection: The Japanese Experience from 2013 to 2020”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(2), pages 245-246, July.

    Cited by:

    1. Takatoshi Ito & Kazumasa Iwata & Colin McKenzie & Shujiro Urata, 2021. "The Post‐Abenomics Japanese Economy: Editors' Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(2), pages 169-189, July.

  3. Mitsuhiro FUKAO, 2010. "Comment on “Global Imbalances and the Financial Crisis: Reassessing the Role of International Finance”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 5(2), pages 217-218, December.

    Cited by:

    1. Shirakawa, M., 2011. "Global imbalances and current account imbalances," Financial Stability Review, Banque de France, issue 15, pages 113-125, February.

  4. Mitsuhiro FUKAO, 2010. "Comment on “Policy Framework for Transition to a Low‐Carbon World Economy”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 5(1), pages 37-38, June.

    Cited by:

    1. Takatoshi ITO & Akira KOJIMA & Colin MCKENZIE & Shujiro URATA, 2010. "The Environment and Climate Change: Editors' Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 5(1), pages 1-18, June.

  5. Mitsuhiro Fukao, 2009. "Comment on “Aging, Asset Markets, and Asset Returns: A View From Europe to Asia”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 4(1), pages 95-96, June.

    Cited by:

    1. Hal HILL & Takatoshi ITO & Akira KOJIMA & Colin McKENZIE & Shujiro URATA, 2008. "Editors’ Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 3(1), pages 1-18, June.
    2. Prettner, Klaus & Bloom, David E. & Strulik, Holger, 2012. "Declining Fertility and Economic Well-Being: Do Education and Health Ride to the Rescue?," IZA Discussion Papers 6527, Institute of Labor Economics (IZA).

  6. Mitsuhiro FUKAO, 2007. "Financial Crisis and the Lost Decade," Asian Economic Policy Review, Japan Center for Economic Research, vol. 2(2), pages 273-297, December.

    Cited by:

    1. Masami Imai & Seitaro Takarabe, 2009. "Transmission of Liquidity Shock to Bank Credit: Evidence from the Deposit Insurance Reform in Japan," Wesleyan Economics Working Papers 2009-001, Wesleyan University, Department of Economics.
    2. Radić, Nemanja, 2015. "Shareholder value creation in Japanese banking," Journal of Banking & Finance, Elsevier, vol. 52(C), pages 199-207.
    3. Nelson, Benjamin & Tanaka, Misa, 2014. "Dealing with a banking crisis: what lessons can be learned from Japan’s experience?," Bank of England Quarterly Bulletin, Bank of England, vol. 54(1), pages 36-48.
    4. Borio, Claudio, 2014. "The financial cycle and macroeconomics: What have we learnt?," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 182-198.
    5. Barros, Carlos Pestana & Managi, Shunsuke & Matousek, Roman, 2012. "The technical efficiency of the Japanese banks: Non-radial directional performance measurement with undesirable output," Omega, Elsevier, vol. 40(1), pages 1-8, January.
    6. Kimie Harada & Takatoshi Ito & Shuhei Takahashi, 2010. "Is the Distance to Default a Good Measure in Predicting Bank Failures? Case Studies," NBER Working Papers 16182, National Bureau of Economic Research, Inc.
    7. Fujii, Mariko & Kawai, Masahiro, 2010. "Lessons from Japan's Banking Crisis, 1991–2005," ADBI Working Papers 222, Asian Development Bank Institute.
    8. Claudio Borio, 2014. "The financial cycle and macroeconomics: what have we learned and what are the policy implications?," Chapters, in: Ewald Nowotny & Doris Ritzberger-Grünwald & Peter Backé (ed.), Financial Cycles and the Real Economy, chapter 2, pages 10-35, Edward Elgar Publishing.
    9. W. R. Garside, 2012. "Japan’s Great Stagnation," Books, Edward Elgar Publishing, number 14624.
    10. Harada, Kimie & Ito, Takatoshi & Takahashi, Shuhei, 2013. "Is the Distance to Default a good measure in predicting bank failures? A case study of Japanese major banks," Japan and the World Economy, Elsevier, vol. 27(C), pages 70-82.

  7. Mitsuhiro Fukao, 2005. "The effects of ‘Gesell’ (Currency) taxes in promoting Japan's economic recovery," International Economics and Economic Policy, Springer, vol. 2(2), pages 173-188, November.

    Cited by:

    1. Cordelius Ilgmann, Martin Menner, "undated". "Negative Nominal Interest Rates: History and Current Proposals," Working Papers 201143, Institute of Spatial and Housing Economics, Munster Universitary.
    2. Mitsuhiro Fukao, 2021. "Comment on “The Welfare Implications of Massive Money Injection: The Japanese Experience from 2013 to 2020”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 16(2), pages 245-246, July.
    3. Willem Buiter, 2005. "Overcoming the zero bound on nominal interest rates: Gesell’s currency carry tax vs. Eisler’s parallel virtual currency," International Economics and Economic Policy, Springer, vol. 2(2), pages 189-200, November.
    4. Wilem H. Buiter, 2005. "Overcoming the Zero Bound on Nominal Interest Rates: Gesell's Currency Carry Tax vs. Eisler's arallel Virtual Currency," Hi-Stat Discussion Paper Series d05-96, Institute of Economic Research, Hitotsubashi University.
    5. Ulrich van Suntum & Metin Kaptan & Cordelius Ilgmann, "undated". "Reducing the lower bound on market interest rates," Working Papers 200103, Institute of Spatial and Housing Economics, Munster Universitary.
    6. Ilgmann, Cordelius, 2011. "Silvio Gesell: 'a strange, unduly neglected' monetary theorist," CAWM Discussion Papers 23, University of Münster, Münster Center for Economic Policy (MEP).
    7. Loehr, Dirk, 2012. "The euthanasia of the rentier — A way toward a steady-state economy?," Ecological Economics, Elsevier, vol. 84(C), pages 232-239.

  8. Mitsuhiro Fukao, 2003. "Japan's Lost Decade and its Financial System," The World Economy, Wiley Blackwell, vol. 26(3), pages 365-384, March.

    Cited by:

    1. Kitzmann, Robert, 2014. "Die japanische Land- und Immobilienspekulationsblase der 1980er Jahre und ihre Auswirkungen auf die Stadtentwicklung Tokios," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 223-238.
    2. Kunieda, Takuma & Shibata, Akihisa, 2011. "Collateral Constraints and Legal Protection of Lenders: A Macroeconomic Perspective," MPRA Paper 35356, University Library of Munich, Germany.
    3. Douglas J. Skinner, 2011. "Accounting Research in the Japanese Setting," The Japanese Accounting Review, Research Institute for Economics & Business Administration, Kobe University, vol. 1, pages 135-140, December.
    4. Michael Diemer & Uwe Vollmer, 2015. "What makes banking crisis resolution difficult? Lessons from Japan and the Nordic Countries," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 5(2), pages 251-277, December.

  9. Mitsuhiro Fukao, 1991. "Exchange Rate Movements and Capital-Asset Ratio of Banks: On the Conept of Structural Positions," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 9(2), pages 91-104, September.

    Cited by:

    1. Carlos Cantú & Michael Chui, 2020. "Financial market development and financial stability," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial market development, monetary policy and financial stability in emerging market economies, volume 113, pages 19-38, Bank for International Settlements.
    2. Patrick McGuire & Goetz von Peter, 2009. "The US dollar shortage in global banking and the international policy response," BIS Working Papers 291, Bank for International Settlements.

  10. Mitsuhiro Fukao, 1990. "Liberalization of Japan's Foreign Exchange Controls and Structural Changes in the Balance of Payments," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 8(2), pages 101-165, September.

    Cited by:

    1. Mehl, Arnaud & Eichengreen, Barry & Chiţu, Livia, 2014. "Stability or upheaval? The currency composition of international reserves in the long run," Working Paper Series 1715, European Central Bank.
    2. Barry Eichengreen & Mariko Hatase, 2005. "Can a Rapidly-Growing Export-Oriented Economy Smoothly Exit an Exchange Rate Peg? Lessons for China from Japan's High-Growth Era," NBER Working Papers 11625, National Bureau of Economic Research, Inc.
    3. Kozo Kiyota & Tetsuji Okazaki, 2008. "Industrial Policy Cuts Two Ways: Evidence from Cotton Spinning Firms in Japan, 1956-1964," CIRJE F-Series CIRJE-F-563, CIRJE, Faculty of Economics, University of Tokyo.
    4. Liu, Lin & Chang, Hsu-Ling & Su, Chi-Wei & Jiang, Chun, 2013. "Real interest rate parity in East Asian countries based on China with flexible Fourier stationary test," Japan and the World Economy, Elsevier, vol. 25, pages 52-58.
    5. Taro Esaka & Shinji Takagi, 2012. "Testing the Effectiveness of Market-Based Controls: Evidence from the Experience of Japan with Short-Term Capital Flows in the 1970s," Discussion Papers in Economics and Business 12-03, Osaka University, Graduate School of Economics.
    6. Wang Yongzhong, 2010. "Model Structure and the Combined Welfare and Trade Effects of China's Trade Related Policies," Trade Working Papers 23038, East Asian Bureau of Economic Research.
    7. Su, Chi-Wei & Chang, Hsu-Ling & Chang, Tsangyao & Yin, Kedong, 2014. "Monetary convergence in East Asian countries relative to China," International Review of Economics & Finance, Elsevier, vol. 33(C), pages 228-237.
    8. Yongzhong Wang, 2010. "Effectiveness of Capital Controls and Sterilizations in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 18(3), pages 106-124, May.
    9. Eichengreen, Barry & Hatase, Mariko, 2007. "Can a rapidly growing export-oriented economy exit smoothly from a currency peg? Lessons from Japan's high-growth era," Explorations in Economic History, Elsevier, vol. 44(3), pages 501-521, July.
    10. Masahiro Kawai & Shinji Takagi, 2010. "A Survey of the Literature on Managing Capital Inflows," Chapters, in: Masahiro Kawai & Mario B. Lamberte (ed.), Managing Capital Flows, chapter 2, Edward Elgar Publishing.
    11. Griffith-Jones, Stephany & Montes, Manuel F. & Nasution, Anwar (ed.), 2001. "Short-Term Capital Flows and Economic Crises," OUP Catalogue, Oxford University Press, number 9780198296867.
    12. Takatoshi Ito & Kathryn M. Dominguez & Moeen Qureshi & Zhang Shengman & Masaru Yoshitomi, 1999. "Capital Flows to East Asia," NBER Chapters, in: International Capital Flows, pages 111-190, National Bureau of Economic Research, Inc.
    13. Mitsuhiro Fukao, 2003. "Capital account liberalisation: the Japanese experience and implications for China," BIS Papers chapters, in: Bank for International Settlements (ed.), China's capital account liberalisation: international perspective, volume 15, pages 35-57, Bank for International Settlements.
    14. Liu, Yan & Chang, Hsu-Ling & Su, Chi-Wei, 2013. "Do real interest rates converge across East Asian countries based on China?," Economic Modelling, Elsevier, vol. 31(C), pages 467-473.

  11. Fukao, Mitsuhiro & Okina, Kunio, 1989. "Internationalization of financial markets and balance of payments imbalances: A Japanese perspective," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 30(1), pages 167-220, January.

    Cited by:

    1. Reuven Glick, 1991. "Japanese capital flows in the 1980s," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 18-31.
    2. Okina, Kunio & Shirakawa, Masaaki & Shiratsuka, Shigenori, 1999. "Financial Market Globalization: Present and Future," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 17(3), pages 1-40, December.
    3. Tony Makin, 1994. "Open economy measures of wealth and Hicksian national income," Open Economies Review, Springer, vol. 5(4), pages 361-369, October.
    4. Takatoshi Ito & Kathryn M. Dominguez & Moeen Qureshi & Zhang Shengman & Masaru Yoshitomi, 1999. "Capital Flows to East Asia," NBER Chapters, in: International Capital Flows, pages 111-190, National Bureau of Economic Research, Inc.
    5. Mitsuhiro Fukao, 2003. "Capital account liberalisation: the Japanese experience and implications for China," BIS Papers chapters, in: Bank for International Settlements (ed.), China's capital account liberalisation: international perspective, volume 15, pages 35-57, Bank for International Settlements.

  12. Mitsuhiro Fukao, 1989. "Exchange Rate Fluctuations, Balance of Payments Imbalances and Internationalization of Financial Markets," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 7(2), pages 25-71, August.

    Cited by:

    1. Tony Makin, 1994. "Open economy measures of wealth and Hicksian national income," Open Economies Review, Springer, vol. 5(4), pages 361-369, October.

  13. Fukao, Mitsuhiro & Okubo, Takashi, 1984. "International Linkage of Interest Rates: The Case of Japan and the United States," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 193-207, February.

    Cited by:

    1. Vuyyuri, S., 2004. "Linkages of Indian Interest Rates with US and Japanese Rates," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(2).
    2. Frankel, Jeffrey A., 1992. "The Evolving Japanese Financial System, and the Cost of Capital," Center for International and Development Economics Research (CIDER) Working Papers 233170, University of California-Berkeley, Department of Economics.
    3. Jeffrey A. Frankel, 1993. "Is Japan Creating a Yen Bloc in East Asia and the Pacific?," NBER Chapters, in: Regionalism and Rivalry: Japan and the United States in Pacific Asia, pages 53-88, National Bureau of Economic Research, Inc.
    4. Kemal Eyuboglu & Sinem Eyuboglu, 2017. "Examining the Developed and Emerging Bond Market Interactions: A VAR Analysis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(2), pages 139-156, April.
    5. Anoruo, Emmanuel & Ramchander, Sanjay & Thiewes, Harold F., 2002. "International linkage of interest rates: Evidence from the emerging economies of Asia," Global Finance Journal, Elsevier, vol. 13(2), pages 217-235.
    6. Choi, Jongmoo Jay, 1995. "The Japanese and US stock prices: A comparative fundamental analysis," Japan and the World Economy, Elsevier, vol. 7(3), pages 347-360, September.
    7. Jeffrey A. Frankel, 1991. "Japanese Finance in the 1980s: A Survey," NBER Chapters, in: Trade with Japan: Has the Door Opened Wider?, pages 225-270, National Bureau of Economic Research, Inc.
    8. Jansen, Pieter W., 2006. "Low inflation, a high net savings surplus and institutional restrictions keep the Japanese long-term interest rate low," Serie Research Memoranda 0011, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.

Chapters

  1. Mitsuhiro Fukao, 2006. "Financial Strains and the Zero Lower Bound: The Japanese Experience," NBER Chapters, in: Monetary Policy with Very Low Inflation in the Pacific Rim, pages 203-227, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Mitsuhiro Fukao, 2003. "Capital account liberalisation: the Japanese experience and implications for China," BIS Papers chapters, in: Bank for International Settlements (ed.), China's capital account liberalisation: international perspective, volume 15, pages 35-57, Bank for International Settlements.

    Cited by:

    1. Shinichi Yoshikuni, 2008. "Asia as a financial centre — Opportunities and obstacles," Journal of Asset Management, Palgrave Macmillan, vol. 9(2), pages 80-89, July.
    2. Park, Haesik & Song, Chi-Young, 2008. "Japanese vocal intervention and the yen/dollar exchange rate," Japan and the World Economy, Elsevier, vol. 20(1), pages 61-81, January.
    3. M S Mohanty & Michela Scatigna, 2005. "Has globalisation reduced monetary policy independence?," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and monetary policy in emerging markets, volume 23, pages 17-58, Bank for International Settlements.
    4. Xiangyun Xu & Peng Guo, 2012. "Exchange rate appreciation expectation, importer's behavior and choice of invoicing currency," China Finance Review International, Emerald Group Publishing Limited, vol. 2(3), pages 231-245, June.
    5. Li-Gang Liu, 2005. "China'S Role In The Current Global Economic Imbalance," Discussion papers 05010, Research Institute of Economy, Trade and Industry (RIETI).
    6. Peter A. Petri, 2010. "Beyond the Golden Era: Asia Pacific Cooperation after the Global Financial Crisis," Working Papers 11, Brandeis University, Department of Economics and International Business School.

  3. Mitsuhiro Fukao, 2003. "Financial Sector Profitability and Double-Gearing," NBER Chapters, in: Structural Impediments to Growth in Japan, pages 9-36, National Bureau of Economic Research, Inc.
    See citations under working paper version above.

Books

  1. Masci, Pietro & Utsumi, Makoto & Trigo Loubière, Jacques & Okubo, Yoshio & Sato, Takafumi & De Krivoy, Ruth & Fukao, Mitsuhiro & Martínez Peria, María Soledad & Schmukler, Sergio & Chicoma, José & Dem, 2003. "Financial Crises in Japan and Latin America," IDB Publications (Books), Inter-American Development Bank, number 195, November.

    Cited by:

    1. Alan G. Ahearne & Joseph E. Gagnon & Jane Haltmaier & Steven Scott MacDonald, 2002. "Preventing deflation: lessons from Japan's experience in the 1990s," International Finance Discussion Papers 729, Board of Governors of the Federal Reserve System (U.S.).

More information

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Statistics

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Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 5 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MAC: Macroeconomics (3) 2005-06-27 2014-04-18 2016-05-14
  2. NEP-PBE: Public Economics (2) 2005-06-27 2012-07-08
  3. NEP-HIS: Business, Economic and Financial History (1) 2016-04-23
  4. NEP-SEA: South East Asia (1) 2005-06-27

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