Ph.D. in Economics(LMU University of Munich), 博士（経済学）(ルートヴィヒマクシミリアン大学ミュンヘン), Master of science in Economics(LMU University of Munich), 修士（経済学）(ルートヴィヒマクシミリアン大学ミュンヘン), Bachelor of Science in Economics(LMU University of Munich), 学士（経済学）(ルートヴィヒマクシミリアン大学)
Jean Baptiste Michau Yoshiyasu Ono Matthias Schlegl
European Economic Review 156 2023年7月 [査読有り]
In this paper, we show that rational bubbles can exist within a neoclassical economy, provided that households derive utility from holding wealth. Hence, we provide a microfoundation for bubbles that relies on a frictionless economy with an infini...
In this paper, we show that underemployment and not necessarily high unemployment becomes the main measure of economic slack in the labor market under secular stagnation. Specifically, involuntary underemployment in the form of a persistent shortf...
European Economic Review 108 78-104 2018年9月 [査読有り]
Why do economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit booms? We study the interactions between household debt, liquidity and asset prices in a model of persistent demand shortage. We show that...
上智大学
経済学部