Hideaki MURASE

Profile

[Education]
Doctor Course, Graduate School of Economics, The University of Tokyo (April 1986- March 1991)
B. A., Faculty of Economics, The University of Tokyo (April1982-March 1986)

[Employment History]
Professor, Faculty of Economics, Gakushuin University (April 2013-Present)
Professor, Graduate School of Economics, Nagoya City University (December 2005-March 2013)
Associate Professor, Faculty of Economics, Nagoya City University (October 1997-November 2005)
Associate Professor, Faculty of Economics, Yokohama National University (April 1991-September 1997)

Contact Information

E-mail：

Research Fields

Economic Policy, Financial Economics, Japanese Economy

Publications

• “Macroeconomics of Weak Corporate Governance: An Alternative Theory of Japan’s Lost Decade” Review of Monetary and Financial Studies, Vol.34, pp.64-80, 2012.
• “Ownership Structure and the Risk-Return Profiles of Japanese Stocks” Corporate Ownership and Control, Vol.7, Issue 1, pp.9-17, 2009 （co-authored with Kaoru Hosono and Ikuko Fueda）.
• “Why Watchdogs Sometimes Forget to Bark?” Review of Monetary and Financial Studies, Vol.27, pp.47-57, 2008.
• “Electoral Competition and the Political Support for Risky Politicians” Public Choice Studies, Vol.49, pp.17-25, 2007.
• Financial Economics, Nippon Hyoron Sha, 2006.
• “Monitored versus Non-monitored Finance: The Bank-centered System as a Coordination Failure” Review of Monetary and Financial Studies, Vol.23, pp.51-64, 2006.
• “The Peacock’s Tail: Why is an Extremist so Sexy?” Japanese Economic Review, Vol.55, Issue3, pp.321-330, 2004.
• “A Theory of Split-Ticket Voting: Biased Politicians as Contestants,” Public Choice Studies, Vol.42, pp.32-45, 2004.
• “Real Estate as the Bundle of Rights: A Real Option Approach”, In Kiyohiko Nishimura (ed.) Economic Anlysis of Real Estate Markets, pp.239-259, Nikkei Publishing Inc., 2002.
• “On Land Price Formation: Bubble versus Option” Japanese Economic Review, Vol.50, Issue2, pp.212-226,1999 （co-authored with Satoru Kanoh）.
• “Equity Ownership and the Determination of Managers’ Bonuses in Japanese Firms” Japan and the World Economy, Vol.10, No.3, pp.321-331, 1998.
• “Equipment Investment and Real Estate Investment”, In Kazumi Asako and Masayuki Otaki (eds.) Modern Macroeconomic Dynamics, pp.323-350,University of Tokyo Press,1997 （co-authored with Kazumi Asako, Morio Kuninori, and Toru Inoue）.
• “Monetary Policy Regimes, Central Bank Commitments, and International Policy Coordination”, In Lawrence R. Klein （ed.） A Quest for a More Stable World Economic System: Restructuring at a Time of Cyclical Adjustment, pp.73-98, Kluwer Academic Publishers, 1993 （co-authored with Masahiro Kawai）.
• International Finance, Toyo Keizai Inc., 1993 （co-authored with Masahiro Kawai, Kunio Okina,and Miyako Suda）.

Professional Affiliations

The Japan Society of Monetary Economics （Director, 2012-Present, Co-editor of Review of Monetary and Financial Studies, 2011-Present)
Japan Economic Policy Association （Director, 2001-2006, Co-editor of Journal of Economic Policy Studies, 2003-Present)
Japan Association for Applied Economics （Co-editor of Studies in Applied Economics, 2010-2012)

Research Topics

Policy Reform, Financial Crisis, Japan's Prolonged Stagnation

Message

Various economic phenomena bring about differing advantages and disadvantages to each person. By becoming knowledgeable in economics, you will be able to understand not only the effect a phenomenon has on your surroundings, but also how it affects others in different countries, regions, and generations. The real thrill of using economic knowledge is to come up with problem-solving ideas while respectfully collaborating with others, with the underlying basis of a deep understanding towards the situation of others. I look forward to seeing all of you develop through your college life into adults with rich ideas backed by economic knowledge.