Fumio Hayashi

National Graduate Institute for Policy Studies

Professor

Roppongi 7-22-1

Minato-ku

Tokyo, 106-0032

Japan

http://https://sites.google.com/site/fumiohayashi/home

Harvard University - Department of Economics

Visiting Professor Spring 2000

Littauer Center

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

27

DOWNLOADS
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SSRN RANKINGS

Top 1,684

in Total Papers Downloads

17,213

CITATIONS
Rank 1,161

SSRN RANKINGS

Top 1,161

in Total Papers Citations

471

Scholarly Papers (27)

1.
Downloads 13,949 ( 206)
Citation 56

The Fundamentals of Commodity Futures Returns

Yale ICF Working Paper No. 07-08
Number of pages: 62 Posted: 28 Jun 2007 Last Revised: 07 Feb 2012
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 13,695 (210)
Citation 56

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Commodity, Futures, Theory of Storage, Inventories, Backwardation, Hedging Pressure, Futures Trading

The Fundamentals of Commodity Futures Returns

NBER Working Paper No. w13249
Number of pages: 63 Posted: 13 Jul 2007 Last Revised: 15 Sep 2010
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 254 (111,879)
Citation 56

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Commodity Futures: A Japanese Perspective

Yale ICF Working Paper No. 05-27
Number of pages: 25 Posted: 03 Nov 2005
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 699 (32,734)

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commodities, futures, commodity, index, diversification

Commodity Futures: A Japanese Perspective

Yale ICF Working Paper No. 05-27
Number of pages: 24 Posted: 15 Aug 2006
Yale School of Management, National Graduate Institute for Policy Studies and Yale School of Management - International Center for Finance
Downloads 535 (46,688)

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commodity futures

3.
Downloads 896 ( 23,479)
Citation 6

Emerging Market Currency Excess Returns

Number of pages: 54 Posted: 24 Nov 2008 Last Revised: 07 Apr 2010
Stephen W. Gilmore and Fumio Hayashi
AIG Financial Products - Banque AIG and National Graduate Institute for Policy Studies
Downloads 858 (24,599)
Citation 6

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Emerging Market Currencies, Risk Premium, Bid/Offer Spreads, FX Swaps

Emerging Market Currency Excess Returns

NBER Working Paper No. w14528
Number of pages: 63 Posted: 09 Dec 2008 Last Revised: 13 Sep 2010
Stephen W. Gilmore and Fumio Hayashi
AIG Financial Products - Banque AIG and National Graduate Institute for Policy Studies
Downloads 38 (415,238)
Citation 6

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4.

Is There a Liquidity Effect in the Japanese Market?

Harvard Institute of Economic Research Paper No. 1898
Number of pages: 42 Posted: 09 Aug 2000
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 183 (154,311)
Citation 1

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5.
Downloads 99 (257,539)

Exiting From QE

Number of pages: 67 Posted: 03 Feb 2018
Fumio Hayashi and Junko Koeda
National Graduate Institute for Policy Studies and Waseda University - Graduate School of Economics
Downloads 78 (303,162)

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Quantitative Easing, Effective Lower Bound, Structural Vector Autoregression, Monetary Policy, Taylor Rule, Impulse Responses, Bank of Japan

Exiting from QE

NBER Working Paper No. w19938
Number of pages: 68 Posted: 03 Mar 2014
Fumio Hayashi and Junko Koeda
National Graduate Institute for Policy Studies and Waseda University - Graduate School of Economics
Downloads 21 (501,752)

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6.

Research and Development as an Investment

NBER Working Paper No. w2973
Number of pages: 45 Posted: 28 Jun 2004 Last Revised: 18 Aug 2010
Bronwyn H. Hall and Fumio Hayashi
University of California at Berkeley and National Graduate Institute for Policy Studies
Downloads 84 (278,317)
Citation 5

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7.

Can it Be Japan's Savior?

NBER Working Paper No. w11749
Number of pages: 36 Posted: 20 Jul 2006 Last Revised: 10 Aug 2010
Fumio Hayashi and Koji Nomura
National Graduate Institute for Policy Studies and Keio University - Keio Economic Observatory
Downloads 80 (286,629)
Citation 1

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8.

The Effects of Income and Wealth on Time and Money Transfers between Parents and Children

NBER Working Paper No. w5522
Number of pages: 62 Posted: 19 May 1998 Last Revised: 01 Oct 2010
Yale University - Economic Growth Center, National Graduate Institute for Policy Studies and Boston University - Department of Economics
Downloads 74 (299,982)
Citation 17

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9.

Tests for Liquidity Constraints: a Critical Survey

NBER Working Paper No. w1720
Number of pages: 46 Posted: 04 Jul 2004 Last Revised: 15 Sep 2010
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 51 (361,947)
Citation 31

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10.

The Relation between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms

NBER Working Paper No. w3326
Number of pages: 41 Posted: 07 Aug 2007 Last Revised: 10 Aug 2010
Fumio Hayashi and Taroh Inoue
National Graduate Institute for Policy Studies and Motorola Japan Ltd.
Downloads 50 (365,057)
Citation 63

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11.

The Permanent Income Hypothesis and Consumption Durability: Analysis Based on Japanese Panel Data

NBER Working Paper No. w1305
Number of pages: 63 Posted: 16 Jul 2004 Last Revised: 28 Jul 2010
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 44 (384,823)
Citation 33

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12.

The Main Bank System and Corporate Investment: An Empirical Reassessment

NBER Working Paper No. w6172
Number of pages: 25 Posted: 14 Jun 2000
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 44 (384,823)
Citation 8

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13.

The Effect of Liquidity Constraints on Consumption: A Cross-Sectional Analysis

NBER Working Paper No. w0882
Number of pages: 46 Posted: 07 Jan 2008
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 40 (399,036)
Citation 31

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14.

Affine Term Structure Pricing with Bond Supply as Factors

FRB Atlanta CQER Working Paper No. 2016-1
Number of pages: 19 Posted: 25 Apr 2016
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 39 (402,698)

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ATSM, yield curve, portfolio balance channel, supply of government bonds, impulse responses

15.

Japan's Saving Rate: New Data and Reflections

NBER Working Paper No. w3205
Number of pages: 36 Posted: 08 Jun 2004
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 36 (414,555)
Citation 1

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16.

Housing Finance Imperfections and Private Saving: a Comparative Simulation Analysis of the U.S. And Japan

NBER Working Paper No. w2272
Number of pages: 33 Posted: 30 Jul 2001 Last Revised: 17 May 2015
Fumio Hayashi, Takatoshi Ito and Joel B. Slemrod
National Graduate Institute for Policy Studies, University of Tokyo - Faculty of Economics and University of Michigan, Stephen M. Ross School of Business
Downloads 35 (418,553)
Citation 8

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17.

The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy

NBER Working Paper No. w12081
Number of pages: 67 Posted: 11 May 2006 Last Revised: 07 Jul 2010
Fumio Hayashi and Edward C. Prescott
National Graduate Institute for Policy Studies and Arizona State University (ASU) - Economics Department
Downloads 32 (430,784)
Citation 11

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18.

A Model of Fiat Money and Barter

NBER Working Paper No. w4919
Number of pages: 28 Posted: 08 Jul 2000
Fumio Hayashi and Akihiko Matsui
National Graduate Institute for Policy Studies and University of Tokyo - Faculty of Economics
Downloads 31 (435,040)
Citation 4

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19.

Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data

NBER Working Paper No. w3046
Number of pages: 60 Posted: 14 Apr 2007
Yale University - Economic Growth Center, National Graduate Institute for Policy Studies and Boston University - Department of Economics
Downloads 29 (444,116)
Citation 84

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20.

Risk-Sharing, Altruism, and the Factor Structure of Consumption

NBER Working Paper No. w3834
Number of pages: 49 Posted: 28 Jun 2004
National Graduate Institute for Policy Studies, Yale University - Economic Growth Center and Boston University - Department of Economics
Downloads 29 (444,116)
Citation 2

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21.

Real and Financial Decisions of a Firm with Bankruptcy and Default: An Integration

NBER Working Paper No. w1097
Number of pages: 67 Posted: 23 Aug 2000 Last Revised: 03 Jul 2010
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 27 (453,784)

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Parental Altruism and Inter Vivos Transfers: Theory and Evidence

NBER Working Paper No. w5378
Number of pages: 59 Posted: 19 Jul 2000 Last Revised: 24 Sep 2010
Yale University - Economic Growth Center, National Graduate Institute for Policy Studies and Boston University - Department of Economics
Downloads 26 (472,054)
Citation 84

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Parental Altruism and Inter Vivos Transfers: Theory and Evidence

Journal of Political Economy 105, 6 (December 1997)
Posted: 26 Mar 1998
Yale University - Economic Growth Center, National Graduate Institute for Policy Studies and Boston University - Department of Economics

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23.

Computing Equilibrium Bond Prices in the Vayanos-Vila Model

Number of pages: 30 Posted: 27 Oct 2017
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 22 (480,169)

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Vayanos-Vila model; computation; maturity structure; yield curve; risk premia

24.

Taxes and Corporate Investment in Japanese Manufacturing

NBER Working Paper No. w1753
Number of pages: 45 Posted: 14 Jan 2001
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 21 (485,674)
Citation 1

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25.

Ex-Day Behavior of Japanese Stock Prices: New Insights from New Methodology

NBER Working Paper No. w3421
Number of pages: 37 Posted: 08 Nov 2011
Fumio Hayashi and Ravi Jagannathan
National Graduate Institute for Policy Studies and Northwestern University - Kellogg School of Management
Downloads 20 (491,154)
Citation 5

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26.

Measuring Depreciation for Japan: Rejoinder to Dekle and Summers

NBER Working Paper No. w3836
Number of pages: 19 Posted: 03 Jul 2007 Last Revised: 27 Jun 2010
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 20 (491,154)
Citation 1

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27.

Is the Japanese Extended Family Altruistically Linked? A Test Based on Engel Curves

NBER Working Paper No. w5033
Number of pages: 21 Posted: 26 Jul 2000
Fumio Hayashi
National Graduate Institute for Policy Studies
Downloads 18 (502,055)
Citation 16

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