NIREI, Makoto
Curriculum Vitae
Education
| 2002 March | University of Chicago, Ph.D. (Economics) |
| 1996 March | University of Tokyo, M.A. (Economics) |
| 1994 March | University of Tokyo, B.A. (Economics) |
Professional Experience
| 2019- | Professor, Department of Economics, University of Tokyo |
| 2017-2019 | Associate Professor, Department of Economics, University of Tokyo |
| 2015-2017 | Chief Economist, Policy Research Institute, Ministry of Finance |
| 2008-2015 | Associate Professor, Institute of Innovation Research, Hitotsubashi University |
| 2006-2008 | Assistant Professor, Department of Economics, Carleton University |
| 2004-2006 | Assistant Professor, Department of Economics, Utah State University |
| 2001-2004 | Postdoctoral Fellow, Santa Fe Institute |
Research Field
Macroeconomics, business cycles, financial fluctuations, income inequality, innovation, complex systems
Research Theme
My research focuses on macroeconomic fluctuations that arise from interactions of idiosyncratic shocks through complementary decisions, such as firms’ investment or pricing. My recent research deals with fat-tail phenomena in asset pricing and in household income/wealth distributions.
Publications
Articles
- “Supply chain disruptions: Evidence from the Great East Japan Earthquake” (with Vasco M. Carvalho, Yukiko U. Saito and Alireza Tahbaz-Salehi), Quarterly Journal of Economics, May 2021
- “Trade clustering and power laws in financial markets” (with John Stachurski and Tsutomu Watanabe), Theoretical Economics, 15:1365-1398, 2020
- “Zipf's Law, Pareto's Law, and the evolution of top incomes in the United States” (with Shuhei Aoki), American Economic Journal: Macroeconomics, 9(3): 36-71, 2017
- “An empirical study of interaction-based aggregate investment fluctuations” (with Luigi Guiso and Chaoqun Lai), Japanese Economic Review, 68(2): 137-157, 2017
- “Pareto distribution of income in neoclassical growth models” (with Shuhei Aoki), Review of Economic Dynamics, 20:25-42, 2016
- “Bank capital shock propagation via syndicated interconnectedness” (with Julián Caballero and Vladyslav Sushko), Computational Economics, 47(1):67-96, 2016
- “An interaction-based foundation of aggregate investment fluctuations,” Theoretical Economics, 10:953-985, 2015
- “Management of science, serendipity, and research performance: Evidence from a survey of scientists in Japan and the U.S.” (with Kota Murayama and Hiroshi Shimizu), Research Policy, 44(4):862-873, 2015
- “Closely competing firms and price adjustment: Some findings from an online marketplace” (with Takayuki Mizuno and Tsutomu Watanabe), Scandinavian Journal of Economics, 112(4):673-696, 2010
- “A two factor model of income distribution dynamics” (with Wataru Souma), Review of Income and Wealth, 53(3):440-459, 2007
- “Quantifying borrowing constraints and precautionary savings,” Review of Economic Dynamics, 9:353-363, 2006
- “Threshold behavior and aggregate fluctuation,” Journal of Economic Theory, 127(1):309-322, 2006