Keiichiro Kobayashi (小林 慶一郎, Kobayashi Keiichirō) (born 1966) is a Japanese macroeconomist at the
Keio University. His areas of expertise are endogenous growth theory, general equilibrium, business cycles, debt problems, debt control policy, and macropolitical economy. He received a Ph.D. in Economics in 1998 from the
University of Chicago. His dissertation "The Division of Labor, the Extent of the Market, and Economic Growth" was written under supervision of
Robert Lucas, a prominent American economist and a
Nobel Prize winner in Economics in 1995. Kobayashi was awarded the Nikkei Economics Book Award in 2001 and the Osaragi Jiro Critics Award in 2002, both for Trap of the Japanese Economy.[1]
Biography
Kobayashi is a Professor of the Faculty of Economics at the
Keio University.[2] He is also a Faculty Fellow of the Research Institute of Economy, Trade and Industry,[1] and a Research Director at the Canon Institute for Global Studies.[3] He earned his master's degree in engineering from the School of Engineering,
University of Tokyo, and a doctorate in economics from the
University of Chicago. He worked at the
Ministry of Economy, Trade and Industry and the Research Institute of Economy, Trade and Industry, and was a professor at the Institute of Economic Research of
Hitotsubashi University before becoming a professor in the Faculty of Economics, Keio University.[4]
Education
1998 Ph.D., Economics, the University of Chicago
1991 M.S., Mathematical Engineering, the University of Tokyo
Experience
2013.4 - Faculty Fellow, RIETI
2013.4 - Professor, Faculty of Economics, Keio University
2010.8 - 2013.3 Professor, Institute of Economic Research, Hitotsubashi University
2010.4 - 2010.9 Special Visiting Professor, Faculty of Economics, Graduate School of Economics, Keio University
2009.4 - Senior Fellow, The Tokyo Foundation
2009.4 - Research Director, Canon Institute for Global Studies
"Bank Distress and Productivity of Borrowing Firms: Evidence from Japan" (with Fumio Akiyoshi), RIETI Discussion Paper Series 07-E-014, 2007.
Full Paper [PDF: 279KB]
"Collateral Constraint and News-driven Cycles" (with Tomoyuki Nakajima and Masaru Inaba), RIETI Discussion Paper Series 07-E-013, 2007.
Full Paper [PDF: 725KB]
"'Irrational exuberance' in the Pigou Cycle under Collateral Constraints" (with Masaru Inaba), RIETI Discussion Paper Series 06-E-015, 2006.3.
Full Paper [PDF:352KB] /
Summary
"Borrowing Constraints and Protracted Recessions" (with Masaru Inaba) RIETI Discussion Paper Series 06-E-011, 2006.3.
Full Paper [PDF:456KB] /
Summary
"Transaction Services and Asset-price Bubbles (Revised)," RIETI Discussion Paper Series 06-E-010, 2006.3.
Full Paper[PDF:428KB] /
Summary
"Business Cycle Accounting for the Japanese Economy" (with Masaru Inaba), RIETI Discussion Paper Series 05-E-023, 2005.9.
Full Paper [PDF:372KB] /
Summary
"Forbearance Impedes Confidence Recovery (Revised)," RIETI Discussion Paper Series 5-E-002, 2005.2.
"Payment Uncertainty, the Division of Labor, and Productivity Declines in Great Depressions," RIETI Discussion Paper Series 04-E-037, 2004.12.
"Is Financial Friction Irrelevant to the Great Depression? - Simple modification of the Carlstrom-Fuerst model-," RIETI Discussion Paper Series 04-E-030, 2004.9.
"Payment Uncertainty and the Productivity Slowdown," RIETI Discussion Paper Series 04-E-029, 2004.9.
"A key currency and a local currency? A simple theoretical model and its welfare implications," RIETI Discussion Paper Series 04-E-025, 2004.8.
"Monetary Cycles" (with Masaru Inaba), RIETI Discussion Paper Series 04-E-020, 2004.4.
"Deflation Caused by Bank Insolvency," RIETI Discussion Paper Series 03-E-022, 2003.10.
"Debt Deflation and Bank Recapitalization," RIETI Discussion Paper Series 03-E-007, 2003.2.
"Fiscal Consequences of Inflationary Policies," RIETI Discussion Paper Series 02-E-010, 2002.9.
"Forbearance Impedes Confidence Recovery," RIETI Discussion Paper Series 02-E-005, 2002.6.
"Japan's Lost Decade and the Complexity Externality (Revised)" (with Masaru Inaba), RIETI Discussion Paper Series 02-E-004, 2002.3.
KOBAYASHI Keiichiro, SAITA Yumi, SEKINE Toshitaka, "Forbearance Lending: A Case for Japanese Firms," Research and Statistics Department Discussion Paper Series 02-02, Bank of Japan, 2002.
Full Paper
"Deposit Money Creation in Search Equilibrium," Research and Statistics Department Discussion Paper Series 02-04, Bank of Japan, 2002.
Full Paper
"Disorganization due to Forbearance of Debt Restructuring," Working Paper.
Full Paper [PDF:270KB]
Keiichiro Kobayashi (小林 慶一郎, Kobayashi Keiichirō) (born 1966) is a Japanese macroeconomist at the
Keio University. His areas of expertise are endogenous growth theory, general equilibrium, business cycles, debt problems, debt control policy, and macropolitical economy. He received a Ph.D. in Economics in 1998 from the
University of Chicago. His dissertation "The Division of Labor, the Extent of the Market, and Economic Growth" was written under supervision of
Robert Lucas, a prominent American economist and a
Nobel Prize winner in Economics in 1995. Kobayashi was awarded the Nikkei Economics Book Award in 2001 and the Osaragi Jiro Critics Award in 2002, both for Trap of the Japanese Economy.[1]
Biography
Kobayashi is a Professor of the Faculty of Economics at the
Keio University.[2] He is also a Faculty Fellow of the Research Institute of Economy, Trade and Industry,[1] and a Research Director at the Canon Institute for Global Studies.[3] He earned his master's degree in engineering from the School of Engineering,
University of Tokyo, and a doctorate in economics from the
University of Chicago. He worked at the
Ministry of Economy, Trade and Industry and the Research Institute of Economy, Trade and Industry, and was a professor at the Institute of Economic Research of
Hitotsubashi University before becoming a professor in the Faculty of Economics, Keio University.[4]
Education
1998 Ph.D., Economics, the University of Chicago
1991 M.S., Mathematical Engineering, the University of Tokyo
Experience
2013.4 - Faculty Fellow, RIETI
2013.4 - Professor, Faculty of Economics, Keio University
2010.8 - 2013.3 Professor, Institute of Economic Research, Hitotsubashi University
2010.4 - 2010.9 Special Visiting Professor, Faculty of Economics, Graduate School of Economics, Keio University
2009.4 - Senior Fellow, The Tokyo Foundation
2009.4 - Research Director, Canon Institute for Global Studies
"Bank Distress and Productivity of Borrowing Firms: Evidence from Japan" (with Fumio Akiyoshi), RIETI Discussion Paper Series 07-E-014, 2007.
Full Paper [PDF: 279KB]
"Collateral Constraint and News-driven Cycles" (with Tomoyuki Nakajima and Masaru Inaba), RIETI Discussion Paper Series 07-E-013, 2007.
Full Paper [PDF: 725KB]
"'Irrational exuberance' in the Pigou Cycle under Collateral Constraints" (with Masaru Inaba), RIETI Discussion Paper Series 06-E-015, 2006.3.
Full Paper [PDF:352KB] /
Summary
"Borrowing Constraints and Protracted Recessions" (with Masaru Inaba) RIETI Discussion Paper Series 06-E-011, 2006.3.
Full Paper [PDF:456KB] /
Summary
"Transaction Services and Asset-price Bubbles (Revised)," RIETI Discussion Paper Series 06-E-010, 2006.3.
Full Paper[PDF:428KB] /
Summary
"Business Cycle Accounting for the Japanese Economy" (with Masaru Inaba), RIETI Discussion Paper Series 05-E-023, 2005.9.
Full Paper [PDF:372KB] /
Summary
"Forbearance Impedes Confidence Recovery (Revised)," RIETI Discussion Paper Series 5-E-002, 2005.2.
"Payment Uncertainty, the Division of Labor, and Productivity Declines in Great Depressions," RIETI Discussion Paper Series 04-E-037, 2004.12.
"Is Financial Friction Irrelevant to the Great Depression? - Simple modification of the Carlstrom-Fuerst model-," RIETI Discussion Paper Series 04-E-030, 2004.9.
"Payment Uncertainty and the Productivity Slowdown," RIETI Discussion Paper Series 04-E-029, 2004.9.
"A key currency and a local currency? A simple theoretical model and its welfare implications," RIETI Discussion Paper Series 04-E-025, 2004.8.
"Monetary Cycles" (with Masaru Inaba), RIETI Discussion Paper Series 04-E-020, 2004.4.
"Deflation Caused by Bank Insolvency," RIETI Discussion Paper Series 03-E-022, 2003.10.
"Debt Deflation and Bank Recapitalization," RIETI Discussion Paper Series 03-E-007, 2003.2.
"Fiscal Consequences of Inflationary Policies," RIETI Discussion Paper Series 02-E-010, 2002.9.
"Forbearance Impedes Confidence Recovery," RIETI Discussion Paper Series 02-E-005, 2002.6.
"Japan's Lost Decade and the Complexity Externality (Revised)" (with Masaru Inaba), RIETI Discussion Paper Series 02-E-004, 2002.3.
KOBAYASHI Keiichiro, SAITA Yumi, SEKINE Toshitaka, "Forbearance Lending: A Case for Japanese Firms," Research and Statistics Department Discussion Paper Series 02-02, Bank of Japan, 2002.
Full Paper
"Deposit Money Creation in Search Equilibrium," Research and Statistics Department Discussion Paper Series 02-04, Bank of Japan, 2002.
Full Paper
"Disorganization due to Forbearance of Debt Restructuring," Working Paper.
Full Paper [PDF:270KB]