Perspective
The project will seek to design more realistic macroeconomic theory and macroeconometric models that take into account globalization of the economy, structural changes, large-scale shocks such as financial crises and major disasters and the COVID-19 pandemic, and long-term economic downturns. It will develop methodology for delivering equilibria and estimating parameters in such models. The project will further develop econometric methods for estimating these models using big data, including survey data of inflation forecasts and high frequency data on asset prices. These will be applied to analysis of various macroeconomic issues; and based on the results, policy proposals will be made regarding desirable macroeconomic policies.
 Project Leader
Etsuro Shioji
Specially Appointed Professor at Hitotsubashi Institute for Advanced Study, Hitotsubashi University | Project Members | Prof. Toshiaki Watanabe | Graduate School of Social Data Science, Hitotsubashi University | | Prof. Naohito Abe | Institute of Economic Research, Hitotsubashi University | | Prof. Takashi Kano | Graduate School of Economics, Hitotsubashi University | | Prof. Jouchi Nakajima | Institute of Economic Research, Hitotsubashi University | | Prof. Eiji Kurozumi | Graduate School of Economics, Hitotsubashi University | | Prof. Yohei Yamamoto | Graduate School of Economics, Hitotsubashi University | | Prof. Toshitaka Sekine | Graduate School of Economics, Hitotsubashi University | | Prof. Atsushi Inoue | Institute of Economic Research, Hitotsubashi University | | Prof. Ryo Jinnai | Institute of Economic Research, Hitotsubashi University | | Associate Prof. Takeki Sunakawa | Graduate School of Economics, Hitotsubashi University | | Assistant Prof. Yuta Takahashi | Institute of Economic Research, Hitotsubashi University | | Assistant Prof. Naoki Takayama | Institute of Economic Research, Hitotsubashi University | | Assistant Prof. Kazuhiro Teramoto | Graduate School of Economics, Hitotsubashi University | | Assistant Prof. Shunsuke Hori | Graduate School of Economics, Hitotsubashi University | | Assistant Prof. (Specially Appointed) Masakazu Emoto | Hitotsubashi Institute for Advanced Study, Hitotsubashi University | | Assistant Prof. (Specially Appointed) Motohiro Kumagai | Hitotsubashi Institute for Advanced Study, Hitotsubashi University | | Assistant Prof. (Specially Appointed) Junichi Kikuchi | Hitotsubashi Institute for Advanced Study, Hitotsubashi University | | Assistant Prof.(Specially Appointed) Koki Fusejima | Hitotsubashi Institute for Advanced Study, Hitotsubashi University | | Assistant Prof. (Specially Appointed) Haitao Cheng | Hitotsubashi Institute for Advanced Study, Hitotsubashi University | | Assistant Prof. (Specially Appointed) Wenjiao Hu | Hitotsubashi Institute for Advanced Study, Hitotsubashi University | | University Prof. Kyoji Fukao | Institute of Economic Research, Hitotsubashi University | | Specially Appointed Prof. Jota Ishikawa | Hitotsubashi Institute for Advanced Study, Hitotsubashi University | |
Research Collaborators
| Prof. Mototsugu Shintani | Graduate School of Economics, The University of Tokyo |
| Prof. Kyu Ho Kang | Department of Economics, Korea University |
| Prof. Tatsuyoshi Okimoto | Faculty of Economics, Keio University |
| Prof. Yunjong Eo | Department of Economics, Korea University |
| Associate Prof. Hiroshi Morita | School of Engineering, Tokyo Institute of Technology |
| Director/Senior Research Fellow Sungbae An | Korea Institute for International Economic Policy |
Goals and Expected Outcome in FY2023
In the academic year 2023-2024, our project will continue to investigate how the macro economy and the financial market interact with each other. We expect that our research outcomes will enable us to come up with effective proposals for future macroeconomic policies.
Research Outcome・Events・Papers
Refer to the Japanese page
