FEATURED AUTHOR
Masayuki Otaki
My specialization is macroeconomic theory. I have developed a new theory of Keynesian economics. The theory entirely excludes menu cost and money in utility function assumption, and summarized in a book published by Springer (2015). This Routledge book (2015) is an application of the theory to contemporary Japanese economy. The prominent proposition is that the advance in disinflation owes to the radical QE policy, because increase in money supply requires higher rate of return for money.
Subjects: Economics, Finance, Business & Industry
Biography
Besides macroeconomic theory, I am fascinated with developing a theory of environmental economics, especially the global warming problem. This problem ranges across generations because the emissions of carbon dioxide partly remains in the atmosphere over time. Accordingly, one cannot avoid the inter-generational comparison of utility. This problem is equivalent to search the optimal social discount rate that is consistent with an ethic rooted in utilitarianism.Education
-
Buchelor of Economics, The University of Tokyo, Tokyo, 1981
Philosophy of Doctor, The University of Tokyo, Tokyo, 1990
Areas of Research / Professional Expertise
-
Macroeconomic Theory; Environmental Economic Theory; Educational Economics; Economic Thought
Personal Interests
-
Mountain climbing; Skiing; Reading; Classic Music
Books
Featured Title
