Koichi Hamada

Koichi Hamada (浜田 宏一, Hamada Kōichi, born 8 January 1936 in Tokyo^[1]) is the Tuntex Professor Emeritus of Economics at Yale University,^[2] where he specializes in the Japanese economy and international economics.^[3] Hamada also serves as economic adviser to Japan’s Prime Minister Shinzo Abe^[4] and at one time was a contender to head the WTO.^[5]

He passed the National Law Bar Examination (Shihoshiken) of Japan in 1957, L.L.B. in 1958 from the University of Tokyo, his B.A. and M.A. in Economics at the University of Tokyo, 1960 and 1962 respectively, his M.A.and Ph.D. in Economics from Yale University in 1964 and 1965 respectively.^[1]

His fields of interest are: Labor economics, Macroeconomics, Applied Econometrics, School choice, The Black-White wealth gap, Wage determination, Economic links among relatives, Immigration, Changes in labor force quality. And his specialized fields of interest are Game Theoretic Approach to International Policy Coordination, Microfoundation of International Capital Movements, A Positive Analysis of the Emergence of International Economic Order, Effects of a Free Trade Area and Law and Economics in Japan.^[1]

Honors

Hamada was awarded the Order of the Sacred Treasure, Gold and Silver Star, which is Japan's second-highest honor of its kind and the highest honor given to a civil servant.

• Elected Member, American Academy of Arts and Sciences, 2010^[3]
• Fellow of the Econometric Society and served as its council member from 1980 to 1985.
• President of the Japanese Association of Economics and Econometrics (now the Japanese Economic Association) from 1994 to 1995.
• The founding President of the Japan Law and Economics Association in 2003 (now its honorary fellow).

Selected publications

• "Monetary and International Factors behind Japan's Lost Decade," (with Yasushi Okada), Journal of Japanese and International Economies, 23(2), 2009, pp. 200–219. doi:10.1016/j.jjie.2009.01.004
• "On the Conditions that Preclude the Existence of the Lerner Paradox and the Metzler Paradox," (with Masahiro Endoh), Keio Economic Studies, Vol.42, No.1-2, 2005, pp. 39–50.
• "The Role of Preconceived Ideas in Macroeconomic Policy: Japan's Experiences in the Two Deflationary Period," (with Asahi Noguchi), International Economics and Economic Policy, Vol.2, 2005, pp. 101–126.
• "Policy Making in Deflationary Japan," The Japanese Economic Review, Vol.55, No.3, September 2004, pp. 221–239.
• "Substitution and Complementarity in the Risky Asset Choice," (with Shoichi Royama), in D. Hester and J. Tobin ed., Risk Aversion and Portfolio Choice, Cowles Foundation Monograph 19, 1968.
• "On the Optimal Transfer and Income Distribution in a Growing Economy," The Review of Economic Studies, Vol.34, Issue 3, No.99, June 1968, pp. 295–299.
• "Economic Growth and Long-Term International Capital Movements," Yale Economic Essays, Vol.6, No.1, Spring 1966.
• "Strategic Aspects of Taxation of Foreign Investment Income," Quarterly Journal of Economics, Vol.80, No.3, August 1966.
• "On the Optimal Level of the Risky Foreign Investment," Economic Studies Quarterly, Vol.16, No.1, November 1965.

References