Dr. Hiro (Hiroyuki) Ito

Associate Professor of Economics

Ph.D. Economics, University of California, Santa Cruz;

M.A. Economics, UCSC;

M.A. International Relations, Johns Hopkins University;

B.A. Law, Waseda University, Tokyo

Address:

Portland State University

1721 SW Broadway, Suite 241

Portland, Oregon 97201

 

Tel: 503-725-3930

Fax: 503-725-3945

Email: ito@pdx.edu

Curriculum Vita

·        Short version

·        Long version

·        In Japanese

 

For those who are enrolled or interested in EC410: East Asian Economic Development and/or EC473: Macroeconomic Theory, the course websites (where you can also find the course syllabi) are available below.

 

EC410: East Asian Economic Development

 

EC473: Macroeconomic Theory

 

 

CURRENT RESEARCH AND PUBLICATIONS

 

Published and Forthcoming Papers

“The Emerging Global Financial Architecture: Tracing and Evaluating the New Patterns of the Trilemma's Configurations” (with Joshua Aizenman, University of California, Santa Cruz and Menzie Chinn), mimeo (July 2009). Forthcoming in Journal of International Money and Finance.

“Cross-sectional analysis on the determinants of international reserves accumulation” (with Yin-Wong Cheung, University of California, Santa Cruz). Revised in April 2009. Forthcoming in International Economic Journal.

“U.S. Current Account Debate, With Japan then, with China now”. Journal of Asian Economics, Volume 20, Issue 3, p. 294-313 (May 2009).

“East Asia and Global Imbalances: Saving, Investment, and Financial Development” (with Menzie Chinn). In Financial Sector Development in the Pacific Rim,  edited by Takatoshi Ito and Andrew Rose, National Bureau of Economic Research-East Asian Seminar on Economics (NBER-EASE) Volume 18 (April 2009).

“Hoarding of International Reserves: A Comparison of the Asian and Latin American Experiences” (with Yin-Wong Cheung, University of California, Santa Cruz). In Rajan, R.S., S. Thangavelu and R.A. Parinduri, Eds., Monetary, Exchange Rate and Financial Issues and Policies in Asia, Singapore: World Scientific Press (December 2008).  

Book Review on Monetary Policy with Very Low Inflation in the Pacific Rim by Takatoshi Ito and Andy Rose (National Bureau of Economic Research, 2006). International Review of Economics and Finance, Volume 17, Issue 3, p. 492-494 (2008).

“A New Measure of Financial Openness” (with Menzie Chinn). Journal of Comparative Policy Analysis, Volume 10, Issue 3, p. 309 – 322 (September 2008).

The KAOPEN data are avaiable here. The data are now extended to 182 countries for 1970 to 2007. For the data description, refer to this (updated on 3/25/2009).

“Global Current Account Imbalances: American Fiscal Policy versus East Asian Savings” (with Menzie Chinn). Review of International Economics, Volume 16, Issue 3, p. 479 – 498 (August 2008).

“American Fiscal Profligacy or East Asian Saving Glut? Appraisal of the Global Current Account Imbalances.” International Reserves in Middle- and Low-Income Countries: Background of Recent Accumulation, Management, Monetary and Exchange Rate Policy, and Outlook edited by FLAR (Latin American Reserve Fund) (December 2007).

“Price-based Measurement of Financial Globalization: A Cross-Country Study of Interest Rate Parity” (with Menzie Chinn). Pacific Economic Review, Vol. 12, Issue 4 (October, 2007).

Current Account Balances, Financial Development and Institutions: Assaying the World “Savings Glut,” (with Menzie Chinn). Journal of International Money and Finance, Volume 26, Issue 4, p. 546-569 (June 2007), also available as NBER Working Paper No. 11761 (November 2005).

“Financial Development in Asia: Thresholds, Institutions, and the Sequence of Liberalization”. North American Journal of Economics and Finance, issue 17(3) (December 2006).

“What Matters for Financial Development? Capital Controls, Institutions, and Interactions,” (with Menzie Chinn). Journal of Development Economics, Volume 81, Issue 1, Pages 163-192 (October 2006). The longer version is available as NBER Working Paper No. 11370 (May 2005). The previous version is “Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence,” (with Menzie Chinn) NBER Working Paper Series, #8967 (June 2002).

The updated KAOPEN data series are available. Refer to the above paper “A New Measure of Financial Openness”.

“Does China Compete with Japan in the US Market? What About Other East Asian Countries?  A Triangular Trade Approach” (with Yushi Yoshida). Asian Pacific Business Review, Volume 12, Number 3, p. 285 – 307 (July 2006).

 

Working Papers

The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma,” (with Joshua Aizenman, University of California, Santa Cruz and Menzie Chinn, University of Wisconsin, Madison), mimeo, August 2009.

“The ‘Impossible Trinity’ Hypothesis in an Era of Global Imbalances: Measurement and Testing” (with Joshua Aizenman and Menzie Chinn), mimeo, November 2008. Under review.

“Assessing the Emerging Global Financial Architecture: Measuring the Trilemma's Configurations over Time” (with Joshua Aizenman, University of California, Santa Cruz and Menzie Chinn, University of Wisconsin, Madison), NBER Working Paper Series, #14533 (December 2008, updated in April 2009).

“Is Financial Openness a Bad Thing? An Analysis on the Correlation Between Financial Liberalization and the Output Performance of Crisis-Hit Economies”, UCSC Working Paper series #4-23 (August 2004).

“Was Japan’s Real Interest Rate Really Too High during the 1990’s? The Role of the Zero Interest Rate Bound and Other Factors,” UCSC Working Paper Series (November 2003)

 

Encyclopedia Contributions

Entries for The Princeton Encyclopedia of the World Economy, Princeton University Press, edited by Kenneth Reinert and Ramkishen Rajan (December 2008).

“Liquidity Trap”

“Financial Repression”

“Expenditure Switching and Expenditure Changing”

 

 

円形吹き出し: Economics is cool!

 

COURSES I HAVE TAUGHT

Undergraduate

Principle of Economics (that includes both intro. micro- and macroeconomics)

Principle of Macroeconomics

Intermediate Macroeconomic Theory

International Finance (open to graduate students)

East Asian Economic Development* (open to graduate students)

Political Economy of Japanese Development*

Introduction to Econometrics

* Developed by Hiro Ito

 

Graduate

Advanced Macroeconomics

Applications of Advanced Macroeconomic Theory (sequel to the above course)

International Finance

East Asian Economic Development*

Macroeconomics and Financial System (MBA at Willamette University)

* Developed by Hiro Ito

 

 

Updated on Aug. 22, 2009