Nobuhiro Kiyotaki
Harold H. Helm '20
Professor of Economics and Banking, Princeton University, since 2012.
Professor,
Department of Economics, Princeton University, since 2006.
Contact Information
Department
of Economics Princeton University Princeton, NJ 08544, USA.
189
Julis Romo Rabinowitz Building
Tel +1-609-258-4031
email: kiyotaki@princeton.edu
Working Papers and Completed Manuscripts
"Funding Horizons, Interest Rates, and Growth"
with John Moore and Shengxing Zhang, revised in (2024).
"Intangibles, Inequality and Stagnation,"
with Shengxing Zhang, revised in (2024).
"Monetary
and Financial Policies in Emerging Markets," with Kosuke Aoki and
Gianluca Benigno, revised in (2021).
"Product Dynamics and Aggregate Shocks:
Evidence from Japanese Product and Firm Level Data," with Robert
Dekle, Atsushi Kawakami and Tsutomu Miyagawa, re- vised in (2022).
"Dynamics of Firms and Trade in General
Equilibrium" with Robert Dekle and Hyeok Jeong, revised in (2014).
"Inside Money and Liquidity," with John Moore,
LSE, revised in (2018).
"Credit Chains," with John Moore, LSE,
revised in (1997).
Recent Publications and Some Old and Difficult to Get
Publications
"Housing, Distribution
and Welfare" with Alexander Michaelides and Kalin Nikolov, in Journal of Money, Credit and Banking, (2024) 56(5), 981-1020.
"Credit Booms, Financial Crises and Macroprudential
Policy," with Mark Gertler and Andrea Prestipino, in Review of Economic Dynamics (2020) 37, S8-S33.
"A Macroeconomic
Model with Financial Panics,"
with Mark Gertler and Andrea Prestipino in Review of Economic Studies (2020) 87,
240-288.
"Liquidity, Business Cycles, and Monetary Policy," with
John Moore in Journal of Political Economy (2019), 127(6), 2926-2965.
"The Great Escape?" with Marco Del
Negro, Gauti Eggertsson and Andrea Ferrero, in American Economic Review (2017),
107(3), 824-857.
"Wholesale
Banking and Bank Runs in Macroeconomic Modelling of Financial Crises,"
with Mark Gertler and Andrea Prestipino, in Handbook
of Macroeconomics Volume 2B, edited by
John Taylor and Harald Uhlig, Amsterdam: Elsevier (2016), 1345-1425, .
"Banking, Liquidity and Bank Runs in an
Infinite Horizon Economy" with Mark Gertler, American Economic Review (2015), 105(7), 2011-2043.
"Financial Intermediation and Credit Policy in
Business Cycle Analysis," with Mark Gertler, in Handbook of Monetary Economics, Volume 3A, edited by Benjamin Friedman and Michael Woodford,
Amsterdam: Elsevier (2011), 547-599.
"Capital Flows and Asset
Prices," with Kosuke
Aoki and Gianluca
Benigno, in NBER International Seminar on Macroeconomics,
edited by R. Clarida and F.
Giavazzi, Chicago:
Chicago University Press (2008).
"Liquidity and Asset Prices," with John Moore, in International Economic Review, 46 (2005),
317-349.
"Financial Deepening," with John
Moore, in Journal of European Economic Associ- ation: Papers and
Proceedings, 3 (April-May 2005), 701-713.
"Balance-Sheet Contagion,"
with John Moore, in American Economic
Association: Papers and Proceedings, 85
(2002), 46-50.
"Evil is the Root
of All Money," with John Moore, in American
Economic Associa- tion:
Papers and Proceedings, 85 (2002), 62-66.
"Credit and Business Cycles,"
Japanese Economic Review, 49 (1998), 19-36. Japanese Translation reprinted
in Survey on Modern Economics 1998, edited by M. Otsuki et
al., Tokyo: Toyokeizai Shimposha
(1998), 29-51.
"A Mechanism Design Approach to Financial
Frictions," in Global Macro
Economy and Finance, edited by F. Allen,
M. Aoki, J-P. Fitoussi, N. Kiyotaki, R. Gordon and J.
Stiglitz, Palgrave Macmillan (2012), 177-187. The Japanese translation
reprinted in Frontiers of Comparative
Institutional Analysis, edited by M. Aoki,
M. Kandori and T. Okazaki, NTT Publishing Company (2016).
"A Cost of Unified Currency,"
with John Moore, in Central Banking,
Monetary Theory and Practice: Essays in Honour of
Charles Goodhart, edited by P. Mizen, Chel- tenham,
UK and Northampton, MA: Edward Elgar Publishing Company (2003), 247- 255.