Regular biography
Kosuke Aoki is a Professor at The University of Tokyo, Department of ECON. His research focuses on macroeconomics, particularly macroeconomics and monetary economics, with an emphasis on credit frictions and monetary policy. His work includes studies on the adjustment toward capital account liberalization under credit frictions, asset price bubbles, and monetary policy under uncertainty. Aoki has published extensively in journals such as the Journal of Monetary Economics and the Journal of Financial Intermediation. His research themes also include the relationship between house prices, consumption, and monetary policy, as well as rule-based monetary policy under central bank learning.
Scholar-generated biography
Kosuke Aoki is a researcher at the University of Tokyo specializing in macroeconomics and monetary economics. His work explores the interactions between monetary policy, financial markets, and macroeconomic stability. Aoki's research interests include the effects of house prices on consumption, the role of financial stability in monetary policy, and the implications of capital account liberalization. He has examined how central banks can respond to noisy indicators and how safe asset shortages contribute to asset price bubbles. His studies also address the relationship between inflation, money demand, and portfolio choice, as well as the behavior of Japanese firms in wage setting and price markup decisions.