Toshihiko Mukoyama

Assistant 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 2010)

• Tuesdays 16:00-17:00

CV (pdf file)

Work in progress

• “Labor Supply in a Frictional Labor Market” (with Per Krusell, Richard Rogerson, and Ayşegül Şahin)
  
• “Asset Prices in a Huggett Economy” (with Per Krusell and Anthony A. Smith, Jr.)
  

Working papers

• “A Three State Model of Worker Flows in General Equilibrium” (with Per Krusell, Richard Rogerson, and Ayşegül Şahin)
  
• “Aggregate Labor Market Outcomes: The Role of Choice and Chance” (with Per Krusell, Richard Rogerson, and Ayşegül Şahin)
  
• “Entry, Exit, and Plant-level Dynamics over the Business Cycle” (with Yoonsoo Lee) Our column at VoxEU.org based on this paper An editorial at Financial Week based on our column
  
• “Evaluating the Effects of Entry Regulations and Firing Costs on International Income Differences” (with Hernan J. Moscoso Boedo)
  
• “A Note on Cyclical Discount Factors and Labor Market Volatility”
  
• “Welfare Effects of Unanticipated Policy Changes with Complete Asset Markets”
  
• “Understanding the Welfare Effects of Unemployment Insurance Policy in General Equilibrium”
  

Publications

• “Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations,” (with Per Krusell and Ayşegül Şahin) Review of Economic Studies, forthcoming. Appendices
  
• “On the Establishment Dynamics in the United States and Japan,” Monetary and Economic Studies, 27: 53-74, November 2009.
  
• “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 (Carnegie-Rochester Volume), 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 will teach Econ 4559 (Advanced Macroeconomics) and Econ 7040 (Graduate Macro II) in spring 2010 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.
  

My websites elsewhere

• Official website at UVa economics department
  
• My page at IDEAS
  
• CIREQ: list of associate fellows
  
  

Links

• UVa SIS
  
• Final exam schedule