CV --- YUICHIRO WAKI

Contact Information

• Address: Department of Economics, Aoyama Gakuin University, 4-4-25 Shibuya, Shibuya-ku, Tokyo 150-8366, JAPAN.
• e-mail: ywakiecon@gmail.com

Current Position

• Associate Professor, Department of Economics, Aoyama Gakuin University, April 2019-present.
• Honorary Senior Fellow, School of Economics, the University of Queensland, April 2021-present.

Previous Positions

• Honorary Fellow, School of Economics, the University of Queensland, April 2019-March 2021.
• Lecturer, School of Economics, the University of Queensland, July 2011-March 2019 (Confirmed in June 2016).
• Guest Professor (Global), Department of Economics, Keio University, 2018.
• Foreign Visiting Faculty, Institute of Economic Research, Hitotsubashi University, October 2016-February 2017.

Education

• B.A. in Economics, the University of Tokyo, 2003
• M.A. in Economics, the University of Tokyo, 2005
• Ph.D in Economics, the University of Minnesota, Twin Cities, 2011

Honors and Awards

• 2017 Distinguished Teaching Awards (for Medium Undergraduate), School of Economics, the University of Queensland.
• 2015, Distinguished Teaching Awards (for Medium Undergraduate and Small Undergraduate), School of Economics, the University of Queensland.
• 2005-2007, Japan-IMF Scholarship for Advanced Studies.

Grants

• 2022-, Co-Investigator, JSPS KAKENHI Grant-in-Aid for Scientific Research (A) Grant Number 22H00058.
• 2019-2024, Principal Investigator, JSPS KAKENHI Grant-in-Aid for Scientific Research Activity Start-up Grant Number 19K23199.
• 2019-2022, Chief Investigator, The Australian Research Council Discovery Project Grant, “Banks, Endogenous Network Formations and Financial Crisis,” with Professor Andrew McLennan, Dr. Christoph Mueller, Dr. Shino Takayama, and Dr. Satoshi Tanaka.
• 2012, UQ New Staff Research Start-up Fund.

Teaching Experience

• 2019-present, Course Coordinator and Instructor, Department of Economics, Aoyama Gakuin University, Tokyo, Japan. Taught the following courses:
  • Undergraduate: Principle of Macroeconomics, Introduction to English in Economics, Economic Dynamics, Applied Macroeconomics, Macroeconomic Policy I&II, and Undergraduate seminars
  • Graduate: Macroeconomics
• 2012-2018, Course Coordinator and Instructor, School of Economics, the University of Queensland, Brisbane, Queensland, Australia. Taught Advanced Macroeconomics (3rd year undergraduate), Macroeconomics A&B (Honours), and Computational Methods in Economics (Honours and Ph.D).
• 2007, Instructor, Department of Economics, the University of Minnesota, Minneapolis, Minnesota, the U.S. Taught Numerical Methods for Ph.D. Students in Economics.
• 2004-2005, Teaching assistant, Graduate School of Economics, the University of Tokyo, Tokyo, Japan. Led recitation sections for graduate level Macroeconomics.

Research Experience

• 2007-2011, Research Analyst, Research Department, Federal Reserve Bank of Minneapolis, Minneapolis, Minnesota.
• 2008, Summer Intern, International Monetary Fund, Washington D.C.

Publications and Accepted Papers

• “A cautionary note on linear aggregation in macroeconomic models under the RINCE preferences,”, Journal of Macroeconomics, Volume 72.
• “The Delphic Forward Guidance Puzzle in New Keynesian Models” with Ippei Fujiwara, Review of Economic Dynamics, Volume 46, Pages 280-301. Online Appendix.
  • This paper was previously titled “Private News and Monetary Policy” and was circulated as the Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Working Paper No.238.
  • VOXEU article
• “Fiscal forward guidance: A case for selective transparency,” with Ippei Fujiwara, 2020, Journal of Monetary Economics, Volume 116, pages 236-248. Online Appendix.
• “The Optimal Degree of Monetary-Discretion in a New Keynesian Model with Private Information,” with Richard Dennis and Ippei Fujiwara, 2018, Theoretical Economics, Volume 13, Number 3, pages 1319–1368.
• “Some Unpleasant Properties of Loglinearized Solutions When the Nominal Rate is Zero,” with Lena Mareen Boneva and R. Anton Braun, 2016, Journal of Monetary Economics, Volume 84, pages 216–232. Online Appendix.
• “A Polyhedral Approximation Approach to Concave Numerical Dynamic Programming,” with Kenichi Fukushima, 2013, Journal of Economic Dynamics and Control, Volume 37, Issue 11, pages 2322–2335.
• “Monetary Policy during Japan’s Lost Decade,” with R. Anton Braun, 2006, Japanese Economic Review, Vol. 57. No. 2, pp.324-344.

Working Papers

• “Excess sensitivity to targeted fiscal interventions in HANK models with zero liquidity”
• “Power of History-dependent Inflation Targeting Rule in a New Keynesian Model”
• “Commitment vs. Flexibility in New Keynesian Models”
• “Generational War on Inflation: Optimal Inflation Rates for the Young and the Old,” with Ippei Fujiwara and Shunsuke Hori.
  • The Federal Reserve Bank of Dallas Globalization Institute Working Paper No. 372.
• “Computing Dynamic Optimal Mechanisms When Hidden Types Are Markov,” with Kenichi Fukushima, 2011.
  • Extension with hidden actions
• “On the Size of the Fiscal Multiplier When the Nominal Interest Rate is Zero,” with R. Anton Braun, 2010.
  • Online Appendix.

Professional Activities

• Referee for
  • American Economic Review: Insight; B.E. Journal of Macroeconomics; Economic Inquiry; Economic Journal; Economic Record; Economics Bulletin; European Economic Review; Japan and the World Economy; Japanese Economic Review; Journal of Economic Dynamics and Control; Journal of Economic Theory; Journal of Macroeconomics; Journal of Money, Credit, and Banking; Journal of Political Economy; Quantitative Economics; Review of Economic Dynamics; Review of Economic Studies
• Seminar and conference presentations
  • 2024: International Workshop on Fiscal and Monetary Policy Interactions (QUT, Brisbane), The 26th Annual Macro Conference (discussant, Keio University, Tokyo), the 2024 Workshop of the Australian Macroeconomic Society (UWA, Perth)
  • 2023: Waseda University
  • 2022: The Econometric Society Australasian Meeting, The Asian Meeting of the Econometric Society in East and South-East Asia
  • 2021: Annual meeting of the Central Bank Research Association
  • 2019: DSGE conference; the University of Tokyo; Hitotsubashi University; Aoyama Gakuin University
  • 2018: Pan-Pacific Conference in Economic Research
  • 2017: Hitotsubashi University; the CIGS Conference on Macroeconomic Theory and Policy 2017; the DSGE workshop; the 2017 Workshop of the Australian Macroeconomic Society
  • 2016: the University of Tokyo; the 2016 Workshop of the Australian Macroeconomic Society (discussant); the Econometric Society Asian Meeting, Kyoto; 17th Annual Macro Conference (discussant), Osaka.
  • 2015: the University of Sydney; the University of Melbourne; the University of Adelaide; DSGE Workshop; Keio University; the University of Tokyo; Hitotsubashi University; Reserve Bank of Australia Quantitative Macroeconomics Workshop; The Second Annual CIGS End of Year Macroeconomics Conference
  • 2014: End of Year Macroeconomics Conference at CIGS; DSGE Workshop, Tokyo; 16th Annual Macro Conference; Hitotsubashi University; Econometric Society North American Meeting, Minneapolis; Federal Reserve Bank of Philadelphia; the CIGS Conference on Macroeconomic Theory and Policy; QLD Macroeconomics Workshop; Australian National University
  • 2013: University of Auckland Business School; Reserve Bank of New Zealand; Kyoto University ; the University of Tokyo; the University of Melbourne; Australasian Macroeconomics Workshop (discussant)
  • 2012: Workshop on Macroeconomic Dynamics; The Econometric Society Australasian Meeting; SAET conference; Australasian Economic Theory Workshop.
  • 2011: The Econometric Society Australasian Meeting; Workshop on Macroeconomic Dynamics; Australian National University
  • Prior to 2011: Econometric Society North American Meeting, Boston, 2009; Econometric Society World Congress, London, 2005.