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

SCHOLARLY PAPERS

21

DOWNLOADS
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4,031

SSRN CITATIONS
Rank 17,470

SSRN RANKINGS

Top 17,470

in Total Papers Citations

39

CROSSREF CITATIONS

24

Scholarly Papers (21)

1.

Cash to Spend: IPO Wealth and House Prices

Number of pages: 64 Posted: 16 Feb 2019 Last Revised: 17 Nov 2020
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 696 (46,417)
Citation 1

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Initial Public Offerings, Housing Value, Hedonic Regression, Wealth Effects, Liquidity Constraints, Executive Compensation

2.

Housing Rents and Inflation Rates

Number of pages: 35 Posted: 31 May 2016 Last Revised: 18 Aug 2020
Pennsylvania State University, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 468 (76,737)
Citation 1

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measurement error, economic statistics, owners' equivalent rent, Consumer Price Index, Personal Consumption Expenditures, National Income and Product Accounts

3.

Yield Curve Control

Number of pages: 25 Posted: 17 Jun 2019 Last Revised: 05 Feb 2021
Takahiro Hattori and Jiro Yoshida
University of Tokyo - Graduate School of Public Policy and Pennsylvania State University - Smeal College of Business
Downloads 353 (106,360)
Citation 1

Abstract:

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

4.

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, University of Georgia and Pennsylvania State University - Smeal College of Business
Downloads 253 (151,246)
Citation 22

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

5.

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 252 (151,826)
Citation 9

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

6.

The Bank of Japan’s ETF Purchase during COVID-19

Number of pages: 35 Posted: 08 May 2020 Last Revised: 01 Jun 2021
Takahiro Hattori and Jiro Yoshida
University of Tokyo - Graduate School of Public Policy and Pennsylvania State University - Smeal College of Business
Downloads 251 (152,433)
Citation 2

Abstract:

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

7.

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 197 (191,867)
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

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, University of Southern California and Pennsylvania State University - Smeal College of Business
Downloads 191 (197,145)

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

Product Market Competition and Corporate Real Estate Investment Under Demand Uncertainty

Real Estate Economics, Vol. 45, Issue 3, pp. 521-590, 2017
Number of pages: 70 Posted: 03 Aug 2017
Brent W. Ambrose, Moussa Diop and Jiro Yoshida
Pennsylvania State University, University of Southern California and Pennsylvania State University - Smeal College of Business
Downloads 0
Citation 2
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9.

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 190 (198,141)
Citation 3

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

10.

The Repeat Rent Index

Review of Economics and Statistics, Forthcoming
Number of pages: 40 Posted: 17 Feb 2013 Last Revised: 13 Sep 2015
Pennsylvania State University, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 185 (202,912)
Citation 11

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Residential Leases, Repeat Sales Index, Housing

11.

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 and Chihiro Shimizu
Pennsylvania State University - Smeal College of Business, Xymax Real Estate Institute Corporation and The University of Tokyo
Downloads 184 (203,880)

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

12.

Amazon Is Coming to Town: Information and Housing Market Efficiency

Number of pages: 51 Posted: 04 Feb 2021 Last Revised: 18 Aug 2021
Yifan Chen, Sean Wilkoff and Jiro Yoshida
Pennsylvania State University, University of Nevada, Reno and Pennsylvania State University - Smeal College of Business
Downloads 132 (268,272)
Citation 1

Abstract:

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Market efficiency, Private information, Difference-in-differences, Office locations, Housing prices

13.

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 120 (287,955)
Citation 2

Abstract:

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

14.

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 89 (351,496)
Citation 2

Abstract:

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

15.

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 87 (356,440)
Citation 1

Abstract:

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

16.

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 82 (369,428)

Abstract:

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

17.

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 73 (394,794)

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

18.

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
Pennsylvania State University, University of California, Irvine - Paul Merage School of Business and Pennsylvania State University - Smeal College of Business
Downloads 71 (400,948)
Citation 2

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

19.

Bequest Motives, Inheritance Tax, and Housing Choice: A Problem of Inefficient Empty Nests

Number of pages: 52 Posted: 17 Dec 2019
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 70 (403,966)
Citation 1

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

20.

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 58 (444,586)

Abstract:

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R32, D24, E23.

21.

Rational Predictability of Real Estate Prices

Number of pages: 21 Posted: 02 Jan 2016
Jiro Yoshida
Pennsylvania State University - Smeal College of Business
Downloads 29 (577,343)

Abstract:

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