Shigeto Kitano

Publications

• "Capital Controls or Macroprudential Regulation: Which is Better for Land Booms and Busts?" (with Yang Zhou) Open Economies Review (SSCI),2024.https://doi.org/10.1007/s11079-024-09780-7
• "Effect of Sovereign Wealth Funds in Commodity-Exporting Economies when Commodity Prices Affect Interest Spreads" (with Kenya Takaku) Asian Economic Journal (SSCI),37(3), 267–292, 2023. https://doi.org/10.1111/asej.12305.
• "Global Financial Flows in the Pre- and Post-global Crisis Periods" (with Yoichi Matsubayashi) Springer 2022.
• "Effects of China's Capital Controls on Individual Asset Categories " (with Yang Zhou) Finance Research Letters (SSCI), Volume 49, 103032, 2022. https://doi.org/10.1016/j.frl.2022.103032.
• "Financial Market Incompleteness and International Cooperation on Capital Controls " (with Kenya Takaku) International Journal of Economic Theory (SSCI), 18, 624– 642, 2022. https://doi.org/10.1111/ijet.12331.
• "How Do World Commodity Prices Affect Asian Commodity Exporting Economies? The Role of Financial Frictions " Applied Economics Letters (SSCI), 29:1, 84-90, 2021. DOI:10.1080/13504851.2021.1887446.
• "Capital Controls, Macroprudential Regulation, and the Bank Balance Sheet Channel" (with Kenya Takaku), Journal of Macroeconomics (SSCI), Vol.63,103161, 2020.
• "Capital Controls, Monetary Policy, and Balance Sheets in a Small Open Economy" (with Kenya Takaku), Economic Inquiry (SSCI), Vol. 56, Issue 2, pp. 859–874, 2018.
• "Capital Controls as a Credit Policy Tool in a Small Open Economy" (with Kenya Takaku), The B.E. Journal of Macroeconomics (SSCI), Vol.18, Issue 1, pp. 1-19, 2018.
• "Capital Controls and Financial Frictions in a Small Open Economy" (with Kenya Takaku), Open Economies Review (SSCI), Vol.28, Issue 4, 761-793, 2017.
• "External Debt and Taylor Rules In a Small Open Economy" (with Kenya Takaku), Pacific Economic Review (SSCI), Vol.21, pp. 541–559, 2016.
• "Predetermined Exchange Rate, Monetary Targeting, and Inflation Targeting Regimes" International Journal of Economic Theory (SSCI), Vol. 12, Issue 3, pp. 233-256, 2016.
• "Monetary Policy, Incomplete Asset Markets, and Welfare in a Small Open Economy" (with Kenya Takaku), Economics Bulletin, Vol. 35, No. 1, pp. 112-121, 2015.
• "Financial Integration, Capital Flows and Macro-Prudential Policy in East Asia" (with Yoichi Matsubayashi) in Takuji Kinkyo, Shigeyuki Hamori, Yoichi Matsubayashi ed. Financial Globalisation and Regionalism in East Asia: Routledge, Chapter 2, pp. 29-46, 2013.
• "An Optimal Government Spending Reversal Rule in a Small Open Economy" (with Kenya Takaku) International Review of Economics and Finance (SSCI), Vol.27, pp. 374-382, 2013.
• "Structural Change in Current Account and Real Exchange Rate Dynamics: Evidence from the G7 Countries" (with Masahiko Shibamoto), Pacific Economic Review (SSCI), Vol. 17, Issue 5, pp. 619-634, 2012. WP version with color figures.
• "Capital Controls and Welfare" Journal of Macroeconomics (SSCI), Vol. 33, Issue 4, pp. 700-710, 2011.
• " Nominal Debt and Inflation Stabilization" International Journal of Economic Theory (SSCI), Vol. 5, Issue 4, pp. 409–422, 2009.
• " Capital Controls, Public Debt and Currency Crises" Journal of Economics (SSCI), Vol.90 No.2, pp.117-142, 2007.
• "The Government's Foreign Debt in the Argentine Crisis" Review of Development Economics (SSCI), Vol.9 No.3, pp.368-379, 2005.
• " Macroeconomic effect of capital controls as a safeguard against the capital inflows problem " Journal of International Trade and Economic Development (SSCI), Vol.13 No.3,　pp.233-263, 2004.
• " A Model of Balance-of-Payments Crises due to External Shocks: Monetary vs Fiscal Approaches" Bulletin of Economic Research (SSCI), Vol.56 No.1, pp.53-66, 2004.

Working papers

• "Effects of Capital Flow Management Measures on Wealth Inequality: New Evidence from Counterfactual Estimators" (with Yang Zhou) RIEB Discussion Paper, No.2024-30, Kobe University, September 2024.
• "Commodity Prices, Financial Frictions, and Macroprudential Policies" (with Kenya Takaku) RIEB Discussion Paper, No.2023-21, Kobe University, December 2023.
• "Effectiveness of Capital Controls: Gates versus Walls" (with Yang Zhou) RIEB Discussion Paper, No.2022–38, Kobe University, December 2022.

Other publications (including in Japanese)

Awards

• Prizewinner for the Kanematsu Fellowship, Research Institute for Economics & Business Administration (RIEB), Kobe University, May 2003.
• Finalist for 7th Moriguchi Prize, Institute of Social and Economic Research, Osaka University, January 2003.

Refereeing

• Journal of Money, Credit and Banking , Journal of International Money and Finance , Journal of Macroeconomics , Journal of Economics , The Manchester School , Review of Development Economics , Japanese Economic Review , Japanese Journal of Monetary and Financial Economics , International Economic Journal , Japan and the World Economy , The B.E. Journal of Macroeconomics , Emerging Markets Finance and Trade , Economic Modelling , Open Economies Review , Economics Bulletin , Applied Economics Letters , Asia-Pacific Financial Markets .

Competitive Grants

• Principal Investigator
  Grant-in-Aid for Scientific Research (C), Japan Society for the Promotion of Science (2020 - 2024).
  Grant-in-Aid for Scientific Research (C), Japan Society for the Promotion of Science (2016 - 2020).
  Grant-in-Aid for Scientific Research (C), Japan Society for the Promotion of Science (2012 - 2015).
  Grant-in-Aid for Young Scientists (B),The Ministry of Education, Culture, Sports, Science and Technology (2005 - 2007).
• Co-Investigator
  Grant-in-Aid for Scientific Research (S), Japan Society for the Promotion of Science (2020 - 2023), (PI: Takashi Kamihigashi).
  Grant-in-Aid for Scientific Research (B), Japan Society for the Promotion of Science (2019 - 2021), (PI: Nobuyoshi Yamori).
  Grant-in-Aid for Scientific Research (S), Japan Society for the Promotion of Science (2015 - 2019), (PI: Takashi Kamihigashi).
  Grant-in-Aid for Scientific Research (B), Japan Society for the Promotion of Science (2015 - 2017), (PI: Nobuyoshi Yamori).
  Grant-in-Aid for Scientific Research (A), Japan Society for the Promotion of Science (2012 - 2014), (PI: Takashi Kamihigashi).
  Grant-in-Aid for Scientific Research (B), Japan Society for the Promotion of Science (2011 - 2013), (PI: Seiichi Fujita).
  Grant-in-Aid for Scientific Research (A), Japan Society for the Promotion of Science (2009 - 2011), (PI: Takashi Kamihigashi).
  Grant-in-Aid for Scientific Research (B), Japan Society for the Promotion of Science (2008 - 2010), (PI: Seiichi Fujita).