Research & Publications
Working Papers and Occasional Papers
The Center actively encourages the dissemination of research. To that end, CJEB produces a Working Paper (WP) Series which showcases preliminary research results in the field before publication. The Center also produces an Occasional Paper (OP) Series for papers not slated for eventual publication. Finally, CJEB produces summary reports of the presentations and discussions held as part of every lecture, symposium, and conference it hosts.
The Center produced the following papers in 2012-13:
WP 305: Uninsurable Risk and the Determination of Real Interest Rates: An Investigation Using UK Indexed Bonds by David Barr, Parantap Basu and Kenji Wada
WP 306: Is Japan Really a “Buy”? The Corporate Governance, Cash Holdings, and Economic Performance of Japanese Companies by Kazuo Kato, Meng Li, and Douglas Skinner
WP 307: How Long Will Japanese Government Bond Prices Remain High? by Takeo Hoshi and Takatoshi Ito
WP 308: Policy Options for Japan's Revival by Takeo Hoshi and Anil Kashyap
WP 309: Turning Japanese? Lessons from Japan’s Lost Decade to the Current Crisis by Masazumi Wakatabe
WP 310: How Much Do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data by Mary Amiti and David E. Weinstein - *updated March 2013*
WP 311: Brides for Sale: Cross-Border Marriages and Female Immigration by Daiji Kawaguchi and Soohyung Lee
WP 312: Japan Post Bank: Problematic Issues by Edward Lincoln
WP 313: Syncretism: The Politics of Japan's Financial Reforms by Kenji Kushida and Kay Shimizu
WP 314: Monetary Policy and Transmission of Bubbles by Masaya Sakuragawa and Naoki Shinada
WP 315: Killing Two Birds With One Stone: Board Reforms in the Japanese Electronics Industry by Christina Ahmadjian and Toru Yoshikawa
WP 316: Legal Background to the Low Profitability of Japanese Enterprises by Nobuyuki Kinoshita
WP 317: Information and Export Decisions: Bank’s Role as a Conduit of Information by Tomohiko Inui, Keiko Ito, Daisuke Miyakawa, and Keishi Shoji
WP 318: Samsung and LG: From Also-Rans to Dominance in Consumer Electronics by Robert Myers
WP 319: The Dynamics of Multinational Corporation-Impacted Comparative Advantage: Relevancy to Ricardo’s View on Cross-border Investment and Samuelson’s Skepticism about Globalization by Terutomo Ozawa
WP 320: The Classical Origins of Akamatsu’s “Flying-Geese” Theory: A Note on a Missing Link to David Hume by Terutomo Ozawa
Occasional Papers:OP 60: Built-in Stabilizers and Risk Literacy: Protecting the Sustainability of the Insurance Industry by Shigeyuki Goto
OP 61: Japan’s Sputtering Economic Recovery Amid Heightened Political Turmoil by Hugh Patrick
All WPs and OPs are available at Columbia University Academic Commons, an institutional repository program sponsored by the Columbia University Libraries. These papers are searchable by keyword, or can be found directly in the following categories:
David E. Weinstein leads the Center’s research activities and has several individual projects underway funded
in part by the National Science Foundation. Professor Weinstein’s research and teaching focuses on international economics, macroeconomics, corporate
finance, the Japanese economy, and industrial policy. His research utilizes massively detailed databases on various aspects of the Japanese economy. In
2011-2012, Professor Weinstein continued his research on systemic financial risk in Japan. He has a major project under way that aims to understand
whether the recent wave of financial institution mergers is associated with greater systemic risk. In particular, this research will answer the question of
how important idiosyncratic firm demand and financial institution loan supply shocks are for understanding aggregate loan volatility in general and what
impact bank loan supply has on firms' investment.
Professor Weinstein has continued his work on "Prices in Space and Time," a research project using detailed (barcode) data from the ACNielsen HomeScan (for purchases in the United States), Nikkei-POS, and ACNielsen Scantrak (for retail sales in Japan and several other countries), and Google's price and click-through information (for all retail products and real estate reported on the Google Product search and Google Maps for several countries). This project aims to measure inflation at a daily frequency and explore how daily price and consumption data respond to macroeconomic shocks.
Professor Weinstein is also pursuing a related research project, "Internet Prices and Price Indexes," for which he will study the vast amount of daily price and click-through data available on Google Product Search. This project aims to provide new ways to measure the quality of goods online as well as improve our understanding of aggregate pricing.
Hugh Patrick participated in a number of research collaborations, including co-editing the two-volume collected writings of Professor Gary Saxonhouse, The Japanese Economy in Retrospect, published in summer 2010 by World Scientific. Professor Robert Stern of the University of Michigan led this project. Professor Gavin Wright of Stanford University also served as a co-editor. Gary Saxonhouse was the most distinguished American specialist on the Japanese economy of his generation, and he was responsible for training many other Japanese economy specialists. He died at the age of 63 in 2006. He was the mentor of Professor Weinstein, the student of Professor Patrick, and a CJEB research associate.
Professor Patrick also continues his work on Japan’s economic performance and institutional changes. His most recent paper is his annual essay on the current Japanese economy, included in the CJEB Annual Report 2010-11, starting on page 4. He gave policy-oriented talks based on his research during the year at Seoul National University and at both Tsinghua University and Peking University in Beijing.
For other projects, click here. For a full list of research associates, click here.