Keiichiro Kobayashi 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.
"Bank Distress and Productivity of Borrowing Firms: Evidence from Japan,", RIETI Discussion Paper Series 07-E-014, 2007. ]
"Collateral Constraint and News-driven Cycles,", RIETI Discussion Paper Series 07-E-013, 2007. ]
"'Irrational exuberance' in the Pigou Cycle under Collateral Constraints,", RIETI Discussion Paper Series 06-E-015, 2006.3. ] /
"Borrowing Constraints and Protracted Recessions," RIETI Discussion Paper Series 06-E-011, 2006.3. ] /
"Transaction Services and Asset-price Bubbles," RIETI Discussion Paper Series 06-E-010, 2006.3. ] /
"Business Cycle Accounting for the Japanese Economy,", RIETI Discussion Paper Series 05-E-023, 2005.9. ] /
"Forbearance Impedes Confidence Recovery," RIETI Discussion Paper Series 5-E-002, 2005.2.
"Payment Uncertainty, the Division of Labor, and Productivity Declines in Great Depressions," RIETI Discussion Paper Series 04-E-037, 2004.12.
"Is Financial Friction Irrelevant to the Great Depression? - Simple modification of the Carlstrom-Fuerst model-," RIETI Discussion Paper Series 04-E-030, 2004.9.
"Payment Uncertainty and the Productivity Slowdown," RIETI Discussion Paper Series 04-E-029, 2004.9.
"A key currency and a local currency? A simple theoretical model and its welfare implications," RIETI Discussion Paper Series 04-E-025, 2004.8.
"Monetary Cycles,", RIETI Discussion Paper Series 04-E-020, 2004.4.
"Deflation Caused by Bank Insolvency," RIETI Discussion Paper Series 03-E-022, 2003.10.
"Debt Deflation and Bank Recapitalization," RIETI Discussion Paper Series 03-E-007, 2003.2.
"Fiscal Consequences of Inflationary Policies," RIETI Discussion Paper Series 02-E-010, 2002.9.
"Forbearance Impedes Confidence Recovery," RIETI Discussion Paper Series 02-E-005, 2002.6.
"Japan's Lost Decade and the Complexity Externality,", RIETI Discussion Paper Series 02-E-004, 2002.3.
KOBAYASHI Keiichiro, SAITA Yumi, SEKINE Toshitaka, "Forbearance Lending: A Case for Japanese Firms," Research and Statistics Department Discussion Paper Series 02-02, Bank of Japan, 2002.
"Deposit Money Creation in Search Equilibrium," Research and Statistics Department Discussion Paper Series 02-04, Bank of Japan, 2002.
"Disorganization due to Forbearance of Debt Restructuring," Working Paper. ]
"Debt Overhang as a Delayed Penalty," MITI/RI Discussion Paper. ]
"The Division of Labor, the Extent of the Market, and Economic Growth,", University of Chicago
"Financial Crises and Assets as Media of Exchange"
