Masao Fukui
I am an Assistant Professor at Boston University.
My research interests are macroeconomics and international economics.
Contact information:
Email: fukuimasao@gmail.com, mfukui@bu.edu
Phone: +1(857)500-3712
CV: pdf
Research:
Unpacking Aggregate Welfare in a Spatial Economy
(with Eric Donald and Yuhei Miyauchi)
Sticky Discount Rates
(with Kilian Huber and Niels Joachim Gormsen) [Online Supplement]
The Macroeconomic Consequences of Exchange Rate Depreciations
(with Emi Nakamura and Jón Steinsson)
Currency Pegs, Trade Imbalances and Unemployment: A Reevaluation of the China Shock
(with Bumsoo Kim and Marc de la Barrera)
The Impact of Central Bank Stock Purchases: Evidence from Discontinuities in Policy Rules
(with Masayuki Yagasaki)
Globalization and the Ladder of Development: Pushed to the Top or Held at the Bottom?
(with David Atkin and Arnaud Costinot)
R&R, Review of Economics Studies
A Theory of Wage Rigidity and Unemployment Fluctuations with On-the-Job Search
Optimal Dynamic Spatial Policy [Preliminary]
(with Eric Donald and Yuhei Miyauchi)
Women, Wealth Effects, and Slow Recoveries
(with Emi Nakamura and Jón Steinsson)
American Economic Journal: Macroeconomics, 2023
Asset Quality Cycles
Journal of Monetary Economics, 2018 [Working paper version with appendix]
Discussions:
George Alessandria, Yan Bai, Soo Kyung Woo, Rising Current Account Dispersion: Financial or Trade Integration?.
Discussion at 3rd International Finance/Macro/Trade Conference, February 2024.
Serdar Birinci, Fatih Karahan, Yusuf Mercan, and Kurt See, Labor Market Shocks and Monetary Policy.
Discussion at SF Fed Macroeconomics and Monetary Policy Conference, March 2023.
Andres Blanco, Andres Drenik, Christian Moser, and Emilio Zaratiegui, A Theory of Non-Coasean Labor Markets.
Discussion at NBER ME meeting, November 2022.
Teaching:
704 Macroeconomics (first-year PhD course): Syllabus
Lecture notes (building on lecture notes by Adrien Bilal, Guido Menzio, Toshi Mukoyama, Guido Lorenzoni)
Topic 3: Search with Job Heterogeneity
Topic 4: Efficiency in DMP Model
Topic 5: Directed Search Model
502 Macroeconomics (master's core course):
Lecture notes (building on lecture notes by Chad Jones, Stephen Terry, Pascual Restrepo, Jón Steinsson, Toshi Mukoyama, Pablo Kurlat)
Topic 1: Development and Growth Accounting
Topic 2: Capital Accumulation and Growth