IER NEWSLETTER Vol. 14 (2017/12/5) 

We are publishing to our related researchers this newsletter for the purpose of providing regular notice of the activities of the Institute of Economic Research, Hitotsubashi University. While we have provided information through the Institute’s website, we now decide to publish this newsletter as a means of communicating information actively in order to provide more timely notice of the Institute’s activities, so that readers can participate in our activities and have more accurate understandings of their content.



1. Information
2-1. Column: Masahiko Tsutsumi (Associate Professor, Institute of Economic Research, Hitotsubashi University) "Self-introduction"
2-2. Column: Eiko Honda (Associate Professor, Institute of Economic Research, Hitotsubashi University) "Wonderful Opportunity"
3. Visitors
4. Seminar Schedule
5. New Publications

     1. Information     


An application period for Joint Usage and Research Center (Kyodo-riyou Kyodo-kenkyu) Programs of FY2018 has been started.  The application deadline of "Project Research Program" is December 15, 2017.
Nov 1, 2017
Russian Research Center celebrates the 10th anniversary. In commemoration of this, the center is going to hold Hitotsubashi University Policy Forum “Putin's Russia under the Economic Sanctions” on January 19th, 2018.
Oct 25, 2017
Emeritus Professor Kotaro Suzumura was chosen as a Bunkakorosha (Person of Cultural Merits).
Oct 2, 2017
Professor Kazuhiro Kumo received the 2017 Academic Award from the Japan Consortium for Area Studies.

     2-1. Column     


(Associate Professor, IER, Hitotsubashi University)
On September 1, 2017, I joined the Institute of Economic Research at Hitotsubashi University, coming from the Cabinet Office of Japan.
Previously, I had two separate tenures in the government’s economic research office. First, I served in the Economic Research Institute at the Economic Planning Agency from 1994 to 1997. There, I was a part of the large-scale world econometric model team that conducted policy simulations. Furthermore, I participated in research projects headed by university professors, including Prof. Seike from Keio University for employment issues and Prof. Yamauchi of Hitotsubashi University for the deregulation of the transport industry. This was a time when Japan was reconstructing its trade policies, considering new bilateral or regional agreements. I had the privilege of being assigned as a member of the Asia-Pacific Economic Cooperation’s economic committee secretariat to conduct long-term projections on the basis of the global computable general equilibrium model, which I am still using for policy simulation. 
My second period of research service was in the Business Statistics Department within the Economic and Social Research Institute at the Cabinet Office. This department publishes l statistics, such as the Consumer Confidence Survey and the Machinery Orders. It also produces indexes of business conditions. I was working there in 2010 when many monthly statistics were influenced by the Lehman Shock, resulting in a distortion in seasonal adjustment series. Indexes of business conditions were also distorted by the trimming program for smoothing time series data. The East Japan Earthquake in 2011 presented further challenges with regard to producing nationwide survey data due to missing samples. Although I served for only a year in that position, my involvement in solving such difficult problems was a valuable experience that helped me to develop new skills and knowledge.
In addition to those experiences, I have fulfilled various other significant roles. I was responsible for the biannual mid-term economic and fiscal projections from 2004 to 2007 before I moved on to the OECD, where I was a Japan and Korea desk economist in charge of economic outlook and country surveys until 2010. Since the reactivation of the Council on Economic and Fiscal Policy in late 2012, I have served on this council as a secretary to board members, providing research support for their discussions of fiscal and social security issues.
Drawing on this extensive experience, I am now examining three issues within the general research area of policy evaluation. First, I am assessing the effects of trade policy and related business protection policies. Second, I am exploring the impact of demographic change on the economy along with considering policy options to preserve living standards. Third, I am conducting cost-benefit analyses of policies related to the healthcare and nursing care insurance system. Although none of these tasks are easy, I hope to conduct sound research step by step and arrive at practical policy implications. 
The above description might leave an impression that I am a workaholic. This is definitely not the case! I often watch whole series of movies or dramas in one sitting. I am a big fan of horse racing and watch almost all major races and frequently visit racetracks in not only Japan but also other countries such as France, the US, Ireland, the UK, and Hong Kong. Thanks to my friends in the field of horse racing, I have many great memories of joining celebrations in the winner’s circle at racetracks. In such moments, I completely forget all my problems and the assignments that make up my daily work life.

     2-2. Column     


(Associate Professor, IER, Hitotsubashi University)


"Wonderful Opportunity"
My name is Honda. I was seconded from the Ministry of Health, Labour and Welfare to the Institute of Economic Research in August 2017. While with the Ministry of Health, Labour and Welfare, I mainly worked in the Health Insurance Bureau and the Pension Bureau. I also assisted in the activities of the Public Assistance Division, which is responsible for policy on livelihood protection. In my work, I always have tried to examine data thoroughly. For example, while with the Health Insurance Bureau I described how the total number of patients undergoing examination and treatment in Japan had not increased since around fiscal 1993. It was an increase in individual costs of examination and treatment (medical care costs per visit) that was leading to an overall increase in medical care costs. Although many people still believe that the number of patients at medical institutions is increasing as the population ages, at the same time I believe that an understanding of the fact that the increase in medical care costs as a whole is due to an increase in medical care costs per visit is spreading to a considerable degree.
In the excellent environment afforded by the Institute of Economic Research, I plan to conduct research mainly on healthcare economics. I would like to study healthcare issues more from a resource perspective, including trends in medical institutions and doctors, than from a fiscal perspective.
    For example, while medical institutions have made behavioral choices in response to healthcare policies (revision of medical fees) in order to improve their business conditions, I believe that it might be more important for the purpose of improving the business conditions of medical institutions over the long term to make behavioral choices based on the characteristics of the patients at each medical institution, and I would like to conduct empirical research on this point.
Exactly four months have passed since I came to the Institute, and due in part to the fact that I am a poor planner I have been spending my time mostly on arranging things. I intend to do my best to make the most of this wonderful opportunity, and I would appreciate your guidance and support.

     3. Visitors     


[Foreign Visiting Faculties]
Wataru Miyamoto (Bank of Canada) 2018/1/29-2018/4/28
Petrus Jacobus van der Eng (Australian National University) 2017/12/4-2018/3/3
Kseniia Gatsukova (Leibniz-Institute for East and Southeast European Studies Regensburg) 2017/9/1-2017/11/30
Ian Coxhead (University of Wisconsin-Madison) 2017/8/31-2017/11/2

[Visiting Scholars]
Petrus Jacobus van der Eng (Australian National University) 2018/3/4-2018/3/9
林佩欣 (国立台北大学) 2018/1/15-2018/2/14
Naoki Yoshihara (University of Massachusetts Amherst) 2017/11/17-2017/11/27
Nobuaki Yamashita (Royal Melbourne Institute of Technology (RMIT) University) 2017/11/22-2018/1/25
Kamila Kolpashnikova (American University of Central Asia) 2017/11/10-2017/11/15Ekaterina Hertog (University of Oxford) 2017/11/7-2017/11/15
Man Yee Kan (University of Oxford) 2017/11/5-2017/11/16
Tatiana Karabchuk (United Arab Emirates University) 2017/10/15-2017/10/22
Céline Goffette (ENSAE and CREST, Paris Saclay University) 2017/9/5-2017/9/25
Jean-Francois Mignot (French National Center for Scientific Research (CNRS)) 2017/9/5-2017/9/25
Paul Schrimpf (University of British Columbia) 2017/7/24-2017/7/30
Ong, Seow Eng (National University of Singapore) 2017/7/15-2017/12/31
Bingjing Li (National University of Singapore) 2017/7/1-2017/7/9
Makoto Watanabe (VU University Amsterdam) 2017/6/26-2017/7/3
Shin Kanaya (Aarhus University & CREATES) 2017/6/19-2017/7/19

     4. Seminar Schedule     


Dec 6, 2017, 12:40-
Ravi Madhavan (Professor, The Joseph M. Katz Graduate School of Business, University of Pittsburgh)
Dec 6, 2017, 16:30-
Shmuel Nitzan (Bar Ilan University/Hitotsubashi University)
Dec 7, 2017, 17:10-
Masahiro Watabe (Rissho University)
Dec 7, 2017, 17:15-
Taeko Yasutake (Soka University)
Dec 8, 2017, 10:45-
Stephen SUN (HIAS, Hitotsubashi University)
Dec 8, 2017, 11:00-
Osamu Saito (IER) and Tokihiko Settsu (Musashi University)
December 9-10, 2017
Dec 11, 2017, 18:30-
Dr. Magdolna Sass (Senior Research Fellow, Institute of Economics, Hungarian Academy of Sciences/ Professor, Corvinus University of Budapest)
Dec 14, 2017, 17:10-
Songfa Zhong ((National University of Singapore)
Dec 19, 2017, 17:10-
Similan Rujiwattanapong (Aarhus University)
Dec 20, 2017, 18:00-
Dr. Andrew Mirelman (Research Fellow, Center for Health Economics, University of York, UK)
Dec 21, 2017, 14:30-
1. Yu Zhou (Osaka University)
2. Daisuke Hirata (Hitotsubashi University)
3. Bhaskar Dutta (Ashoka University)
Dec 27, 2017, 12:40-
Takumi Shimizu (Desautels Faculty of Management, McGill University Ph.D Candidate)
Jan 19, 2018, 10:45-
Yuya KUDO (Institute of Developing Economies, JETRO)
Jan 23, 2018, 17:10-
Nao Sudo (Bank of Japan)
Feb 20, 2018, 17:10-
Nobuyuki Kanazawa (Hitotsubashi Institute for Advanced Study)
Feb 22, 2018, 16:00-
Stephane Zuber(Paris School of Economics)

     5. New Publications      

IER Discussion Paper Series
Tomoya Tajika
HIT-REFINED Working Paper Series
Yoshiaki Ogura
RRC Working Paper Series
CIS Discussion Paper Series
Noriyuki Takayama
CEI Working Paper Series
Eduard Baumöhl, Ichiro Iwasaki, Evžen Kočenda
HIT-REFINED Working Paper Series
Brent W. Ambrose, N. Edward Coulson, Jiro Yoshida
Jiro Yoshida
CIS Discussion Paper Series
Koichi Hamada, James Leitner, Masahiko Tsutsumi
HIT-REFINED Working Paper Series
Masahiro Hori, Takeshi Niizeki
RCESR Discussion Paper Series
Xiangdan Piao
IER Discussion Paper Series
Kyoji Fukao, Saumik Paul
HIT-REFINED Working Paper Series
RRC Working Paper Series
Кадзухиро КУМО
Kazuhiro KUMO
IER Discussion Paper Series
Naoki Yoshihara, Roberto Veneziani
CEI Working Paper Series
Tamara Vitalyevna Litvinenko, Kazuhiro Kumo
IER Discussion Paper Series
Michele Lombardi, Naoki Yoshihara
IER Discussion Paper Series
Tomoya Tajika
CEI Working Paper Series
Ichiro Iwasaki, Evžen Kočenda
CIS Discussion Paper Series
Masazumi Hattori, James Yetman