Kashiwagi, Masanori

Associate Professor

Gakushuin University, Japan



Max Weber alumnus

Department of Economics

Cohort(s): 2010/2011

Ph.D. Institution

University of California, Los Angeles , United States


I obtained my Ph.D. in Economics from the University of California, Los Angeles (UCLA) in 2010. My doctoral dissertation was supervised by Professor Roger Farmer. I also earned my M.A. from UCLA in 2007. Prior to my doctoral studies, I received my M.A. and B.A. degrees from the University of Tokyo.
My fields of interest are macroeconomics, real estate economics, and labour economics. My dissertation studies markets with search friction for labour and houses. The main essay in my dissertation provides an equilibrium framework for the study of recent observations in the U.S. housing market, borrowing ideas from search and matching theory. Closing the model with self-fulfilling beliefs about the housing market, the model generates a housing price bubble as a consequence of multiple underlying steady-state equilibria.
At UCLA, I worked as a teaching assistant for undergraduate statistics and microeconomics courses. I was also a teaching assistant for a macroeconomics course at the Graduate School of Public Policy, the University of Tokyo.

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