Nobuhiro Kiyotaki

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Nobuhiro Kiyotaki
Yrjö Jahnsson Award (1999)
Fellow of the British Academy (2003)
Stephen A. Ross Prize (2010)
BBVA Foundation Frontiers of Knowledge Award
(2020)

Nobuhiro Kiyotaki

New Keynesian
macroeconomics.

Career

He received a B.A. from University of Tokyo in 1978. After receiving his doctorate in economics from Harvard University in 1985, Kiyotaki held faculty positions at the Univ. of Wisconsin–Madison, the Univ. of Minnesota, and the London School of Economics before moving to Princeton.

He is a fellow of the

Nobel Prize in Economics.[7]

Kiyotaki also received the Stephen A. Ross Prize in Financial Economics together with John Moore.

BBVA Foundation Frontiers of Knowledge Award in the category "Economics, Finance and Management".[9]

Contributions

In 1987, together with Olivier Blanchard, Kiyotaki demonstrated the importance of monopolistic competition for the aggregate demand multiplier.[10] Most New Keynesian macroeconomic models now assume monopolistic competition for the reasons outlined by Blanchard and Kiyotaki.

Later, Kiyotaki worked with

double coincidence of wants as a barrier to economic activity under barter, has come to be known as the Kiyotaki–Wright model
.

In 1997, with

John Moore, Kiyotaki constructed a model to show how small shocks to the economy might be amplified into large output fluctuations through the interaction between real estate prices and restrictions on the availability of credit.[13] This model of 'credit cycles' is now known as the Kiyotaki–Moore model
.

Recognition

Learned societies membership

Selected publications

Journal articles

  • Blanchard, Olivier Jean; Kiyotaki, Nobuhiro (1987). "Monopolistic Competition and the Effects of Aggregate Demand" (PDF).
    JSTOR 1814537
    .
  • Kiyotaki, Nobuhiro; Wright, Randall (1989). "On Money as a Medium of Exchange". .
  • Kiyotaki, Nobuhiro; Wright, Randall (1993). "A Search-Theoretic Approach to Monetary Economics" (PDF).
    JSTOR 2117496. Archived from the original
    (PDF) on 2015-09-23. Retrieved 2016-05-18.
  • Kiyotaki, Nobuhiro; Moore, John (1997). "Credit Cycles" (PDF).
    S2CID 222433833
    .

References

  1. ^ "Olivier Blanchard CV". MIT Department of Economics. Retrieved 28 July 2016.
  2. ^ "Econometric Society Fellows". Econometric Society. Retrieved 3 August 2016.
  3. ^ "Nakahara Prize Winners". Japanese Economic Association. Retrieved 3 August 2016.
  4. ^ "Recipients of the Yrjö Jahnsson Award in Economics". Yrjö Jahnsson Foundation. Retrieved 3 August 2016.
  5. ^ "Professor Nobu Kiyotaki", British Academy. Retrieved 2 May 2018.
  6. ^ "Fellows | EEA". www.eeassoc.org. Retrieved 2021-03-23.
  7. ^ Thomson-Reuters list of 'citation laureates' in economics
  8. ^ "Press Release Announcing the Second Ross Prize: Economics Scholars Nobuhiro Kiyotaki and John Moore Recognized". Foundation for the Advancement of Research in Financial Economics. December 10, 2010. Retrieved August 3, 2016.
  9. ^ BBVA Foundation Frontiers of Knowledge Awards 2020
  10. JSTOR 1814537
    .
  11. .
  12. .
  13. .
  14. ^ "Thomson-Reuters list of 'citation laureates' in economics". Archived from the original on 2011-12-02. Retrieved 2013-10-12. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  15. ^ "19 January 2015: BdF - TSE Prize Ceremony in Monetary Economics and Finance". Toulouse School of Economics. 2015. Archived from the original on 2015-01-20. Retrieved 2015-01-20. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  16. ^ “Prof. Kiyotaki @PrincetonUPress awarded ...” Template:Wayback (英語). TSE公式Twitterアカウント @TSEinfo Template:Wayback による 2015年1月19日 のツイート. 2015年1月20日閲覧。
  17. ^ "令和2年度 文化功労者". 文部科学省. 2020-11-03. Archived from the original on 2021-10-09. Retrieved 2020-11-09. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)
  18. ^ a b c "C.V." (PDF). Archived from the original (PDF) on 2021-09-17. Retrieved 2015-10-26. {{cite web}}: Unknown parameter |dead-url= ignored (|url-status= suggested) (help)

External links