Toshihiko Mukoyama

Associate Professor
Department of Economics
University of Virginia
Monroe Hall, Room 237, Charlottesville, VA 22903 (FedEX, UPS, & etc.)
P.O. Box 400182, Charlottesville, VA 22904-4182 (US Mail & UVa)
E-mail: tm5hs[at]virginia[dot]edu
Phone: 434-924-6751
Fax: 434-982-2904

Office hours (Spring 2012)

Tuesday 4:00pm-5:00pm

CV (pdf file)

Working papers

“Entry, Exit, and Plant-level Dynamics over the Business Cycle” (with Yoonsoo Lee) Earlier working paper version at Cleveland Fed (January 2008) Our column at VoxEU.org based on this paper (WP version) An editorial at Financial Week based on our column
“A Note on Cyclical Discount Factors and Labor Market Volatility”
“Understanding the Welfare Effects of Unemployment Insurance Policy in General Equilibrium”
“Is Labor Supply Important for Business Cycles?” (with Per Krusell, Richard Rogerson, and Ayşegül Şahin)
“The Political Economy of Entry Barriers” (with Latchezar Popov)

Publications

“Evaluating the Effects of Entry Regulations and Firing Costs on International Income Differences,” (with Hernan J. Moscoso Boedo) Journal of Economic Growth, forthcoming.
“Asset Prices in a Huggett Economy,” (with Per Krusell and Anthony A. Smith, Jr.) Journal of Economic Theory, 146 (3): 812-844, May 2011. Technical Appendix
“A Three State Model of Worker Flows in General Equilibrium,” (with Per Krusell, Richard Rogerson, and Ayşegül Şahin) Journal of Economic Theory, 146 (3): 1107-1133, May 2011.
“Welfare Effects of Unanticipated Policy Changes with Complete Asset Markets,” Economics Letters, 109 (2): 134-138, November 2010.
“Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations,” (with Per Krusell and Ayşegül Şahin) Review of Economic Studies, 77 (4): 1477-1507, October 2010. Appendices Fortran codes
“Aggregate Labor Market Outcomes: The Roles of Choice and Chance,” (with Per Krusell, Richard Rogerson, and Ayşegül Şahin) Quantitative Economics, 1 (1): 97-127, July 2010.
“On the Establishment Dynamics in the United States and Japan,” Monetary and Economic Studies, 27: 53-74, November 2009. Mentioned in the Wall Street Journal (September 10, 2010) WSJ article can be read here
“Revisiting the Welfare Effects of Eliminating Business Cycles,” (with Per Krusell, Ayşegül Şahin, and Anthony A. Smith, Jr.) Review of Economic Dynamics, 12 (3): 393-404, July 2009. Online appendices Online code files
“Why Did the Average Duration of Unemployment Become So Much Longer?” (with Ayşegül Şahin) Journal of Monetary Economics, 56 (2): 200-209, March 2009. Longer version with appendix
“A Simple Model of Productivity Slowdown,” Applied Economics Letters, 16 (5): 455-458, March 2009.
“Specialization and Efficiency with Labor-Market Matching,” (with Ayşegül Şahin) Journal of Economic Dynamics and Control, 33 (1): 221-236, January 2009.
“Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions,” (with Per Krusell, Richard Rogerson, and Ayşegül Şahin) Journal of Monetary Economics, 55 (5): 961-979, July 2008.
“Endogenous Depreciation, Mismeasurement of Aggregate Capital, and the Productivity Slowdown,” Journal of Macroeconomics, 30 (1): 513-522, March 2008.
“Costs of Business Cycles for Unskilled Workers,” (with Ayşegül Şahin) Journal of Monetary Economics, 53 (8): 2179-2193, November 2006. Longer version: CIREQ working paper 15-2005
“Rosenberg’s “Learning by Using” and Technology Diffusion,” Journal of Economic Behavior and Organization, 61 (1): 123-144, September 2006. Old version: CIREQ working paper 21-2005
“Specialization and Human Capital in Search Equilibrium,” (with Ayşegül Şahin) Journal of the European Economic Association, Papers and Proceedings, 4 (2-3): 503-512, April 2006. Longer version: CIREQ working paper 26-2005
“Repeated Moral Hazard with Persistence,” (with Ayşegül Şahin) Economic Theory, 25 (4): 831-854, June 2005. Longer version: CIREQ working paper 01-2004
“Diffusion and Innovation of New Technologies under Skill Heterogeneity,” Journal of Economic Growth, 9 (4): 451-479, December 2004.
“Innovation, Imitation, and Growth with Cumulative Technology,” Journal of Monetary Economics, 50 (2): 361-380, March 2003.

Teaching

I teach Econ 4810 (Advanced Macroeconomics) and Econ 7040 (Graduate Macroeconomics II) in spring 2012 semester.

Other writings

“Models of Wage Dynamics,” Written for the graduate labor economics course at Concordia University.
“Recent Developments in Business Cycle Theory,” Written for an undergraduate macro lecture at University of Tokyo in 2006.
“Macroeconomic Models of Heterogeneous Agents,” Written for lectures at the Bank of Japan in 2008.
“Welfare Evaluations of Policy Reforms with Heterogeneous Agents,” Written for the keynote talk at the DSGE conference in Okinawa, 2011.
In Japanese

My websites elsewhere

Links