HOW TO CONTACT ME

Mailing address:
Department of Economics
Northwestern University
2001 Sheridan Road
Evanston, Illinois 60208, USA

My office is Room 3220 in Arthur Andersen Hall

Telephone: 847-491-8490
Facsimile: 847-491-7001
e-mail: k-matsuyama@northwestern.edu

CURRICULUM VITAE (PDF) updated on June 7, 2006.

Recent Publications (since 2002):

• "Aggregate Implications of Credit Market Imperfections," forthcoming in D. Acemoglu, K. Rogoff, and M. Woodford, eds., NBER Macroeconomics Annual 2007, May 2007 Version. For the presentation slides, December 2007, Barcelona. This is a highly condensed version of lecture series that I gave at various places. For the most recent slides for these lectures, Lecture 1; Lecture 2; Lecture 3.
• "Ricardian Trade Theory," forthcoming in L. Blume and S. Durlauf, eds., the New Palgrave Dictionary of Economics, 2nd Edition, Macmillan. February 2007 Version
• "A One-Sector Neoclassical Growth Model with Endogenous Retirement," Japanese Economic Review, forthcoming. Final Version
• "Credit Traps and Credit Cycles," American Economic Review, 97 (March 2007): 503-516. June 2006 Version; For the presentation slides, 2006 Midwest Macro Meeting, St. Louis
• "Beyond Icebergs: Towards A Theory of Biased Globalization, " The Review of Economic Studies, 74 (January 2007): 237-253. May 2006 Version. For the presentation slides, October 2006, Berkeley. Section 6 of December 2005 Version has some extensions omitted from the final version.
• "The 2005 Lawrence R. Klein Lecture: Emergent Class Structure," International Economic Review, 47 (May 2006): 327-360. October 2005 Version; For the presentation slides, August 2005, Osaka
• "Poverty Traps," forthcoming in L. Blume and S. Durlauf, eds., the New Palgrave Dictionary of Economics, 2nd Edition, Macmillan. May 2005 Version
• "Structural Change," forthcoming in L. Blume and S. Durlauf, eds., the New Palgrave Dictionary of Economics, 2nd Edition, Macmillan. May 2005 Version
• "Symmetry-Breaking," forthcoming in L. Blume and S. Durlauf, eds., the New Palgrave Dictionary of Economics, 2nd Edition, Macmillan. May 2005 Version
• "Credit Market Imperfections and Patterns of International Trade and Capital Flows," Journal of the European Economic Association, 3 (April-May 2005): 714-723. September 2004 Version; For the presentation slides, 2004 EEA Meeting, Madrid
• "Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations," Econometrica, 72 (May 2004): 853-884. October 2003 Version; April 2001 Version has some extensions (in Section 6), omitted from the final version. For the presentation slides, December 2003, London and Zurich
• "The Rise of Mass Consumption Societies," Journal of Political Economy, 110 (October 2002): 1035-1070. October 2001 Version
• "Explaining Diversity: Symmetry-Breaking in Complementarity Games," American Economic Review, 92 (May 2002): 241-246. January 2002 Version; For the presentation slides, 2002 AEA Meeting, Atlanta

Selected Publications (before 2001):

• "Growing Through Cycles in an Infinitely Lived Agent Economy," Journal of Economic Theory, 100 (October 2001): 220-234. December 1999 Version
• "A Ricardian Model with a Continuum of Goods under Nonhomothetic Preferences: Demand Complementarities, Income Distribution and North-South Trade," Journal of Political Economy, 108 (December 2000): 1093-1120. March 1999 Version has some extensions (in Section 4), omitted from the final version.
• "Endogenous Inequality," The Review of Economic Studies, 67 (October 2000): 743-759. December 1998 Version has an extension (in Section 4b), omitted from the final version.
• "Efficiency and Equilibrium with Dynamic Increasing Aggregate Returns Due to Demand Complementarities," with Antonio Ciccone, Econometrica, 67 (May 1999): 499-526. April 1998 Version
• "Growing Through Cycles," Econometrica, 67 (March 1999): 335-347.November 1996 Version
• "Self-Defeating Regional Concentration," with Takaaki Takahashi, The Review of Economic Studies, 65 (April 1998): 211-234. March 1994 Version
• "The 1996 Nakahara Lecture: Complementarity, Instability, and Multiplicity," Japanese Economic Review, 48 (September 1997): 240-266. March 1997 Version
• "Why Are There Rich and Poor Countries?: Symmetry-Breaking in the World Economy," Journal of the Japanese and International Economies 10 (December 1996): 419-439. August 1996 Version
• "Economic Development as Coordination Problems," The Role of Government in East Asian Development: Comparative Institutional Analysis, edited by M. Aoki, H. Kim, and M. Okuno-Fujiwara, Oxford University Press, 1996. April 1995 Version
• "Start-up Costs and Pecuniary Externalities as Barriers to Economic Development," with Antonio Ciccone, Journal of Development Economics, 49 (April 1996): 33-59. February 1993 Version
• "Complementarities and Cumulative Processes in Models of Monopolistic Competition," Journal of Economic Literature 33 (June 1995): 701-729. October 1994 Version
• "An Approach to Equilibrium Selection," with Akihiko Matsui, Journal of Economic Theory 65 (April 1995): 415-434. September 1993 Version
• Comment on Paul Krugman's "Complexity and Emergent Structure in the International Economy" in Alan V. Deardorff, James A. Levinsohn, and Robert M. Stern, eds., New Directions in Trade Theory, Ann Arbor: University of Michigan Press, 1995: pp.52-69. December 1993 Version
• "Toward a Theory of International Currency," with Nobuhiro Kiyotaki and Akihiko Matsui, The Review of Economic Studies 60 (April 1993): 283-307.April 1991 Version
• "The Market Size,Entrepreneurship, and the Big Push," Journal of the Japanese and International Economies 6 (December 1992): 347-364.
• "Agricultural Productivity, Comparative Advantage, and Economic Growth," Journal of Economic Theory 58 (December 1992): 317-334. May 1991 Version
• "A Simple Model of Sectoral Adjustment," The Review of Economic Studies 59 (April 1992): 375-388. October 1988 Version
• "Endogenous Price Fluctuations in an Optimizing Model of a Monetary Economy," Econometrica 59 (November 1991): 1617-1631. March 1989 Version
• "Increasing Returns, Industrialization, and Indeterminacy of Equilibrium," The Quarterly Journal of Economics 106 (May 1991): 617-650. March 1990 Version
• "Perfect Equilibria in a Trade Liberalization Game" The American Economic Review 80 (June 1990): 480-492. June 1987 Version
• "Sunspot Equilibria (Rational Bubbles) in a Model of Money-in-the-Utility-Function" Journal of Monetary Economics 25 (January 1990): 137-144.
• "Terms of Trade, Factor Intensities and the Current Account in a Life-Cycle Model," The Review of Economic Studies 55 (April 1988): 247-262.
• "Current Account Dynamics in a Finite Horizon Model" Journal of International Economics 23 (November 1987): 299-313.
• "Chernoff's Dual Axiom, Revealed Preference and Weak Rational Choice Functions" Journal of Economic Theory, 35 (February 1985): 155-165.

Working Papers Available in pdf format:

• "Productivity-Based Theory of Manufacturing Employment Decline: A Global Perspective" January 2007 Version. For the presentation slides, 2007 AEA Meeting, Chicago.
• "The Good, The Bad, and The Ugly: An Inquiry into the Causes and Nature of Credit Cycles" August 2004 Version
• "Good and Bad Investment: An Inquiry into the Causes of Credit Cycles" September 2001 version (Text & Figures)
• "Playing Multiple Complementarity Games Simultaneously" January 1999 Version
• "Geography of the World Economy" January 1999 Version
• "Making Monopolistic Competition Model More Useful" August 1992 Version
• "Custom versus Fashion: Path-dependence and Limit Cycles in a Random Matching Game" May 1992 Version
• "Imperfect Competition, Foreign Trade, and The Multipliers: Machlup-Metzler Fifty Years Later" January 1992 Version
• "Protection Policy in a Dynamic Oligopoly Market" with Motoshige Itoh October 1987 Version
• "A Learning Effect Model of Investment: An Alternative Interpretation of Tobin's Q" August 1984 Version

Some Recent Presentation Slides in pdf format:

• June 2005, Prague
• July 2005, Gerzensee and Hitotsubashi; August 2005, Kyoto and Tokyo
• Aggregate Implications of Credit Market Imperfections, Lecture 1; Lecture 2; Lecture 3.

Work in Progress:

• "Uniform versus Non-Uniform Globalization"
• "A Simple Model of Endogenous Credit Cycles"
• "Bubbleless Bubbles"
• "On Some Negative Aspects of IT Revolution"
• "Strategic Complementarities: Some Macroeconomic Perspectives"
• "Corporate Governance and Patterns of International Trade" with Kripa Freitas
• "Lectures on Dynamic Monopolistic Competition Models in Macroeconomics"

TEACHING

Economics 101 (Freshman Seminar); Spring 2006 syllabus; handouts;

Economics 325 (Undergraduate Economic Growth and Development); Spring 2007 syllabus; Sample Questions from past midterms and past finals; Handouts (some are highly preliminary) for "An Overview of Growth Models"; A Note on Strategic Complementarities through Demand Linkages A Note on Demand Composition Effect; A Note on Credit Market Imperfections; A Note on the Economics of Fertility; A Note on the Classical View of Population and Development;

Economics 361 (Undergraduate International Trade); Fall 2002 syllabus; sample questions from past midterms and past finals

Economics 425 (Graduate Economic Growth and Development); Spring 2007

MIT Econ 14.581 (Graduate International Economics); Spring 2008 Course Outline; Lecture Slides (highly preliminary) for Part 1-General Theory; Part 2-Ricardian; Part 3-Factor Proportion; Part 4-Scale Economies; Part 5-Trade Dynamics; Part 6-Intertemporal Trade;

I also organize the following Visitor/Seminar Series:

Department-Wide Seminar Series Speakers