is a Japanese macroeconomist at the Keio University. His areas of expertise are Endogenous Growth Theory, General Equilibrium, Business Cycles, Bad Debt Problem, Debt Control Policy, Macropolitical Economy. He received a Ph.D. in Economics in 1998 from the University of Chicago. His dissertation "The Division of Labor, the Extent of the Market, and Economic Growth" was written under supervision of Robert Lucas, an America's prominent economist and a Nobel Prize Winner in Economics in 1995. Kobayashi was awarded Nikkei Economics Book Award in 2001 and Osaragi Jiro Critics Award in 2002 both for Trap of the Japanese Economy.
Biography
Kobayashi is a Professor of the Faculty of Economics at the Keio University. He is also a Faculty Fellow of the Research Institute of Economy, Trade and Industry, and a Research Director at the Canon Institute for Global Studies. He earned his master's degree in engineering from the School of Engineering, University of Tokyo, and a doctorate in economics from the University of Chicago. He worked at the Ministry of Economy, Trade and Industry and The Research Institute of Economy, Trade and Industry and was a professor at the Institute of Economic Research of Hitotsubashi University before becoming a professor in the Faculty of Economics, Keio University.
Education
1998 Ph.D., Economics, the University of Chicago
1991 M.S., Mathematical Engineering, the University of Tokyo
Experience
2013.4 - Faculty Fellow, RIETI
2013.4 - Professor, Faculty of Economics, Keio University
2010.8 - 2013.3 Professor, Institute of Economic Research, Hitotsubashi University 2010.4 - 2010.9 Special Visiting Professor, Faculty of Economics, Graduate School of Economics, Keio University 2009.4 - Senior Fellow, The Tokyo Foundation 2009.4 - Research Director, Canon Institute for Global Studies 2007.6 - 2013.3 Senior Fellow, RIETI 2007.6 - 2008.3 Executive Research Fellow, The Center for Global Communications (GLOCOM), International University of Japan 2007.4 - 2009.3 Part-time Lecturer, Institute of Economic Research, Kyoto University 2005.4 - Visiting Professor, Chuo University 2003.1 - 2007.6 Guest Editorial Writer, The Asahi Shimbun 2001.4 - 2007.6 Fellow, RIETI 1991.4 - Joined the Ministry of International Trade and Industry (Japan)
Bibliography
Published papers
"Payment Uncertainty and the Productivity Slowdown," Macroeconomic Dynamics (2007) 11(2): 231-248. "Forbearance Impedes Confidence Recovery," Journal of Macroeconomics (2007) 29(1): 178-188. "Business Cycle Accounting for the Japanese Economy," Japan and the World Economy (2006) 18(4): 418-440. "Fiscal Consequences of Inflationary Policies," Journal of the Japanese and International Economies (2005) 19:386-93. "Debt Disorganization in Japan," Japan and the World Economy (2005) 17:151-69. "A Theory of Debt Disorganizaiton," Journal of Restructuring Finance (2004) 1(1): 1-11. "Forbearance Lending: The Case of Japanese Firms," (with Toshitaka Sekine, Yumi Saita) Bank of Japan Monetary and Economic Studies (2003) 21(2):69-92.
Books
The Price of Escape (in Japanese), Nikkei Publishing, 2003. Trap of the Japanese Economy, (in Japanese, co-authored with Sota Kato), Nikkei Publishing, 2001. Economics of Balance-Sheet Restructuring, (in Japanese, co-edited with Mitsuhiro Fukao, Tatsuya Terazawa), Toyokeizai, 2001. Debate on the Japanese Macroeconomic Policy, (in Japanese, co-edited with Hiroshi Yoshikawa, et al.), Toyokeizai, 2000.
Recent Media Coverage
Rational Expectation Hypothesis and the Next Issues (Economic Trend -Economics Lecture Series, Nikkei Newspaper) 2017.2.20 Debate on the Japan's Government debt (Featured article, Nikkei Newspaper) 2016.10.09 Debate-Japan's Critical Fiscal Situation -Who takes this responsibility? (video, Nikkei Newspaper) 2016.10.09