Jiro Yoshida

Pennsylvania State University - Smeal College of Business

King Fellow and Associate Professor of Business

368 Business Building

Smeal College of Business

University Park, PA 16802

United States

http://www.personal.psu.edu/juy18

The University of Tokyo - Graduate School of Economics

Specially Appointed Associate Professor

7-3-1 Hongo

Bunkyo-ku, Tokyo 113-0033

Japan

  • Pennsylvania State University - Smeal College of Business

    • Email
    • Tel: 814-865-0392
    • Fax: 814-865-6284

  • The University of Tokyo - Graduate School of Economics

    • Email
    • Tel: 813-5841-5653
    • Fax: 813-5841-5521
SCHOLARLY PAPERS

23

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7,149

TOTAL CITATIONS
Rank 13,042

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Top 13,042

in Total Papers Citations

104

Scholarly Papers (23)

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1.

Housing Rents and Inflation Rates

Journal of Money, Credit and Banking
Number of pages: 28 Posted: 31 May 2016 Last Revised: 01 Feb 2022
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University - Department of Insurance & Real Estate, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 1,005 (46,785)
Citation 1

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Inflation Measurement, Consumer Price Index (CPI), Personal Consumption Expenditures (PCE), Marginal Rent Index, Repeat Rent Index

2.

Yield Curve Control

International Journal of Central Banking, forthcoming
Number of pages: 40 Posted: 17 Jun 2019 Last Revised: 09 Sep 2022
Takahiro Hattori and Jiro Yoshida
University of Tokyo - Graduate School of Public Policy and Pennsylvania State University - Smeal College of Business
Downloads 982 (48,342)
Citation 1

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large-scale asset purchases (LSAP), quantitative easing (QE), central banking, JGB, bond-price support, high-frequency data, swap spread

3.

Cash to Spend: IPO Wealth and House Prices

Forthcoming, Real Estate Economics
Number of pages: 76 Posted: 16 Feb 2019 Last Revised: 01 Aug 2022
Barney Hartman-Glaser, Mark Thibodeau and Jiro Yoshida
University of California, Los Angeles (UCLA) - Anderson School of Management, Florida International University (FIU) - Hollo School of Real Estate and Pennsylvania State University - Smeal College of Business
Downloads 888 (55,507)
Citation 1

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Initial Public Offerings, Financial Constraints, Executive Compensation, Liquidity, Spatial Difference-In-Differences, Synthetic Control Methods

4.

Amazon Is Coming to Town: Sequential Information Revelation in the Housing Market

Real Estate Economics, forthcoming
Number of pages: 65 Posted: 04 Feb 2021 Last Revised: 14 Aug 2023
Yifan Chen, Sean Wilkoff and Jiro Yoshida
Pennsylvania State University, University of Nevada, Reno and Pennsylvania State University - Smeal College of Business
Downloads 464 (127,114)
Citation 5

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Information revelation; Difference-in-differences; Office locations; Housing prices

5.

The Impact of Bank of Japan’s Exchange-Traded Fund Purchases

Journal of Financial Stability, Forthcoming
Number of pages: 62 Posted: 08 May 2020 Last Revised: 09 Dec 2022
Takahiro Hattori and Jiro Yoshida
University of Tokyo - Graduate School of Public Policy and Pennsylvania State University - Smeal College of Business
Downloads 431 (138,827)
Citation 2

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large-scale asset purchases (LSAP), quantitative easing (QE), central banking, exchange-traded funds (ETF), unconventional monetary policy

6.

The Repeat Rent Index

Review of Economics and Statistics, Forthcoming
Number of pages: 40 Posted: 17 Feb 2013 Last Revised: 13 Sep 2015
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University - Department of Insurance & Real Estate, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 343 (180,467)
Citation 21

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Residential Leases, Repeat Sales Index, Housing

7.

The Effects of Multiple Green Factors on Condominium Prices

Journal of Real Estate Finance and Economics, Vol. 50, No. 3, 2015
Number of pages: 30 Posted: 10 Jul 2010 Last Revised: 26 Jan 2016
Jiro Yoshida and Ayako Sugiura
Pennsylvania State University - Smeal College of Business and Tokyo Association of Real Estate Appraisers
Downloads 318 (194,366)
Citation 16

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sustainability, green building, hedonic pricing, property price, residential real estate, Japan

8.

Credit Rationing, Income Exaggeration, and Adverse Selection in the Mortgage Market

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 21 Dec 2014 Last Revised: 19 Dec 2015
Brent W. Ambrose, James Conklin and Jiro Yoshida
Pennsylvania State University - Department of Insurance & Real Estate, University of Georgia and Pennsylvania State University - Smeal College of Business
Downloads 317 (195,035)
Citation 36

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Subprime Mortgages, Default, Adverse Selection, Moral Hazard, Reputation, Dodd-Frank Act, Credit Rationing

9.

Energy Efficiency and Green Building Markets in Japan

in Coulson, Lipscomb and Wang (Eds.), Energy Efficiency and the Future of Real Estate (2016)
Number of pages: 24 Posted: 27 Sep 2016 Last Revised: 03 May 2018
Jiro Yoshida, Junichiro Onishi, Chihiro Shimizu and Chihiro Shimizu
Pennsylvania State University - Smeal College of Business, Xymax Real Estate Institute Corporation and The University of TokyoNihon University
Downloads 298 (208,452)

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sustainability, green buildings, branding, hedonic pricing, office rents, Japan

10.

Structure Depreciation and the Production of Real Estate Services

Number of pages: 51 Posted: 21 Feb 2016 Last Revised: 30 Mar 2016
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 260 (239,577)
Citation 2

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capital consumption, returns to scale, elasticity of substitution, housing, commercial real estate, hedonic analysis, survivorship bias, demolition, Japan, USA

11.

Product Market Competition and Corporate Real Estate Investment under Demand Uncertainty

Real Estate Economics, Forthcoming
Number of pages: 75 Posted: 12 Jun 2014 Last Revised: 03 Dec 2015
Brent W. Ambrose, Moussa Diop and Jiro Yoshida
Pennsylvania State University - Department of Insurance & Real Estate, University of Southern California and Pennsylvania State University - Smeal College of Business
Downloads 235 (264,799)

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strategic investment, entry deterrence, real options, flexibility, firm risk

12.

Underutilized Housing in an Aging Society: How Bequest Motives Affect Housing Choices

Number of pages: 54 Posted: 17 Dec 2019 Last Revised: 18 Jun 2023
Miki Seko, Kazuto Sumita and Jiro Yoshida
Keio University - Faculty of Economics, affiliation not provided to SSRN and Pennsylvania State University - Smeal College of Business
Downloads 226 (274,945)
Citation 2

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underutilized housing stock, tax distortions, mobility, renovation, aging society, IV probit model, Japan

13.

Technology Shocks and Asset Price Dynamics: The Role of Housing in General Equilibrium

Number of pages: 63 Posted: 13 Dec 2007 Last Revised: 12 Sep 2015
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 225 (276,135)
Citation 3

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General equilibrium, asset pricing, housing, portfolio choice, the equity premium puzzle

14.

The Economic Depreciation of Real Estate: Cross-Sectional Variations and Their Return Implications

Pacific-Basin Finance Journal, Forthcoming
Number of pages: 53 Posted: 26 Jan 2018 Last Revised: 07 Mar 2020
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 207 (298,809)
Citation 5

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depreciation, capital consumption, housing, commercial real estate, Japan, USA

15.

Stock Prices, Regional Housing Prices, and Aggregate Technology Shocks

Number of pages: 51 Posted: 02 Sep 2015
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 155 (386,405)

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macroeconomic shocks, total factor productivity, general equilibrium, regional heterogeneity, house price, housing supply elasticity, asset allocation

16.

The Bank of Japan as a Real Estate Tycoon: Large-Scale REIT Purchases

Handbook of Real Estate and Macroeconomics, Forthcoming
Number of pages: 32 Posted: 03 Apr 2020
Takahiro Hattori and Jiro Yoshida
University of Tokyo - Graduate School of Public Policy and Pennsylvania State University - Smeal College of Business
Downloads 135 (431,723)
Citation 2

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large-scale asset purchases (LSAP), quantitative easing (QE), central banking, real estate investment trust, unconventional monetary policy

17.

Why Do Team Projects Progress Slowly? A Model Based on Strategic Uncertainty

Number of pages: 16 Posted: 21 Jan 2013 Last Revised: 02 Sep 2015
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 130 (444,793)
Citation 2

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Flexibility, non-cooperative games, strategic complementarity, real options, coordination failure

18.

The Rent Term Premium for Cancellable Leases

Journal of Real Estate Finance and Economics, Vol. 52, No. 4, 2016
Number of pages: 47 Posted: 18 Mar 2012 Last Revised: 22 Apr 2016
Jiro Yoshida, Miki Seko and Kazuto Sumita
Pennsylvania State University - Smeal College of Business, Keio University - Faculty of Economics and Kanazawa Seiryo University
Downloads 125 (458,555)
Citation 3

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leasing, housing, asset pricing, cancellation options, term structure, expectations hypothesis, transaction costs, hedonic regression, Japan

19.

Estimating Housing Rent Depreciation for Inflation Adjustments

Regional Science and Urban Economics, Forthcoming
Number of pages: 73 Posted: 27 May 2020 Last Revised: 31 Aug 2021
Luis A. Lopez and Jiro Yoshida
University of Illinois at Chicago and Pennsylvania State University - Smeal College of Business
Downloads 121 (470,140)

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R32, D24, E23.

20.

Reassessing Taylor Rules Using Improved Housing Rent Data

Journal of Macroeconomics 56, 243-257, June 2018
Number of pages: 30 Posted: 26 Sep 2015 Last Revised: 05 May 2018
Brent W. Ambrose, N. Edward Coulson and Jiro Yoshida
Pennsylvania State University - Department of Insurance & Real Estate, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 112 (498,349)
Citation 2

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monetary policy, federal funds rate, Taylor rule, Personal Consumption Expenditures, inflation measures, housing rent

21.

How Property Rents and Expenses Depreciate: A Case of Tokyo Office Properties

Forthcoming in the Journal of Real Estate Research
Number of pages: 61 Posted: 17 Jan 2024 Last Revised: 19 Jun 2024
Jiro Yoshida, Kohei Kawai, David Geltner and Chihiro Shimizu
Pennsylvania State University - Smeal College of Business, Colliers International, Massachusetts Institute of Technology (MIT) and Hitotsubashi University
Downloads 84 (602,739)

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commercial real estate, offices, Japan, depreciation, age-period-cohort decomposition, hedonic model

22.

Rational Predictability of Real Estate Prices

Number of pages: 21 Posted: 02 Jan 2016
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 55 (748,622)

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asset price, bubble, serial correlation, rational expectation, efficient market, real estate derivatives

23.

REIT Equity Financing and Capital Investment in the Presence of the Central Bank Put

Number of pages: 40 Posted: 01 May 2024
Takahiro Hattori and Jiro Yoshida
University of Tokyo - Graduate School of Public Policy and Pennsylvania State University - Smeal College of Business
Downloads 33 (915,280)

Abstract:

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equity public offerings, large-scale asset purchases (LSAP), quantitative easing (QE), central banking, real estate investment trust, unconventional monetary policy