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Fukuta Yuuichi

福田　祐一

Osaka University, Executive Vice President

Education

  • - 1995/11, Osaka University, Graduate School of Economics
  • 1991/04 - 1992/05, Osaka University, Graduate School of Economics
  • 1989/04 - 1991/03, Osaka University, Graduate School of Economics, Economics
  • 1985/04 - 1989/03, Kyoto University, Faculty of Economics, Department of Economics

Research History

  • 2010/04 - Present, Osaka University, Graduate School of Economics, Professor
  • 2011/03 - 2012/02, Fulbright Visiting Scholar, Michael G. Foster School of Business, University of Washington
  • 2007/04 - 2010/03, Osaka University, Graduate School of Economics, Associate Professor
  • 2003/04 - 2007/03, Osaka University, Graduate School of Economics, Associate Professor
  • 1999/04 - 2003/03, Kobe University, Graduate School of Business Administration, Associate Professor
  • 2001/03 - 2001/06, CJR Visiting Scholar, University of British Columbia
  • 1997/04 - 1999/03, Kobe University, School of Business Administration, Associate Professor
  • 1995/04 - 1997/03, Wakayama University, Faculty of Economics
  • 1992/06 - 1995/03, Osaka University, School of Economics, Research Assistant

Research Areas

  • Humanities & social sciences, Money and finance

Professional Memberships

  • Nippon Finance Association
  • Japanese Economic Association

Papers

  • Value premium and implied equity duration in the Japanese stock market, Yuichi Fukuta,Akiko Yamane, Journal of International Financial Markets, Institutions and Money, Elsevier Ltd, Vol. 39, p. 102-121, 2015/11/01
  • The leading indicator property of the term spread and the monetary policy factors in Japan, Hiroshi Nakaota,Yuichi Fukuta, Japan and the World Economy, Vol. 28, p. 85-98, 2013/12
  • The Leading Indicator Property of the Term Spread and the Monetary Policy Factors in Japan, Hiroshi Nakaota,Yuichi Fukuta, Discussion Papers In Economics And Business, Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University, 2013/07
  • Implied Volatility Smiles in the Nikkei 225 Options, Yuichi Fukuta,Wenjie Ma, Applied Financial Economics, 2013/05
  • An Empirical Study on Stabilities of the Predictive Role of the Yield Spread for Future Economic Activity and the Monetary Policy Stance in Japan, Yuichi Fukuta,Hiroshi Nakaota, Discussion Papers In Economics And Business, 2012/09
  • An empirical analysis of information in the yield spread on future recessions in Japan, Masashi Hasegawa,Yuichi Fukuta, Applied Economics, Vol. 43, No. 15, p. 1865-1881, 2011/06
  • The Leading Indicator Property of the Term Spread and the Monetary Policy Factors, Hiroshi Nakaota,Yuichi Fukuta, KIER Discussion Paper Series, 2011/05
  • An Empirical Investigation on Value Effects: An Approach based on Equity Duration, Yuichi Fukuta,Akiko Yamane, 2011/02
  • Value Effects - Consumption-based Asset Pricing Model and Implied Equity Duration, Yuichi Fukuta,Akiko Yamane, Securities Analysts Journal, Vol. 48, No. 12, p. 39-46, 2010/12
  • An Empirical Study on Consumption Based Asset Pricing Models with habit Formation: An Application to Value Effects, Akiko Yamane,Yuichi Fukuta, No. 26, p. 3-23, 2009/09
  • How Many Times Did Structural Changes in the Relationship between the Term Spread and Future Real Economic Activity Occur in Japan?, Hiroshi Nakaota,Yuichi Fukuta, 2008/02
  • Forward Discount Puzzle and Official Interventions: An Empirical Note, Yuichi Fukuta,Makoto Saito, Osaka Economic Papers, The Economic Society of Osaka University, Vol. 57, No. 2, p. 25-34, 2007/09
  • Dynamic Asset Investment Analysis of Japanese Life Insurance Companies Under Regulations, Yuichi Fukuta,Hiroshi Osano, Problems and Perspectives in Manegement, Vol. 1, No. 1, p. 42-57, 2003/10
  • Empirical Power of volatility tests and time series tests for rational bubbles, Yuichi Fukuta, Kokumin Keizai Zasshi, Kobe University, Vol. 187, No. 5, p. 67-81, 2003/05
  • 新たな視点で経済政策を考察する，齊藤誠著『先を見よ，今を生きよ-市場と政策の経済学-』, 福田祐一, 経済セミナー, 日本評論社, 2002/10
  • Credit Crunch and the BIS restiction, Yuichi Fukuta, Business Insight, 2002/06
  • 証券市場論の課題, 福田祐一, 経営学研究のために（第8版）, 神戸大学経済経営学会, 2002/04
  • Forward discount puzzle and liquidity effects: Some evidence from exchange rates among the United States, Canada, and Japan, Yuichi Fukuta,Makoto Saito, Journal of Money, Credit and Banking, Ohio State University Press, Vol. 34, No. 4, p. 1014-1033, 2002
  • ファイナンスＡで学ぶこと, 福田祐一, 経済学・経営学学習のために, 神戸大学経済経営学会, Vol. 2000, p. 29-35, 2000/10
  • 証券論の課題, 福田祐一, 経営学研究のために（第7版）, 神戸大学経済経営学会, 1998/04
  • ミクロの視点からマクロ経済を分析、羽森茂之著, 『消費者行動と日本の資産市場』, 福田祐一, 経済セミナー, 日本評論社, 1996/12
  • 動学的最適化のわかりやすい解説書、M. I. Kamien and N. L. Schwartz, Dynamic Optimization The Calculus of Variations and Optimal Control in Economics and Management, 福田祐一, 経済セミナー, 日本評論社, 1993/09
  • 合理的バブル論からのバブル現象の解明, 福田祐一, ＥＳＰ, 1992/11

Misc.

  • A Test for Rational Bubbles in Stock Prices, Yuichi Fukuta, Empirical Economics, Vol. 181, No. 3, p. 81-91, 2002/11
  • A Test for Rational Bubbles in Austrarian Stock Prices, Yuichi Fukuta, Kokumin Keizai Zasshi, Kobe University, Vol. 181, No. 3, p. 81-91, 2000/03
  • フォワード・ディスカウント・パズルと流動性効果:円ドルレートによる実証分析（共著）, 現代の金融と政策,第1章,日本評論社, 2000
  • 金利期間構造の将来インフレーションに関する情報含意について（共著）, 現代の金融と政策,第2章,日本評論社, 2000
  • ファンダメンタルズと合理的バブル, 金融分析の最先端,第8章,東洋経済新報社, 2000
  • Forward Discount Puzzle and Liquidity Effects: An EWmpirical Analysis on Yen/UD Dollar Rates, 2000
  • An Impilication of Information on Future Inflation in the Term Structure, 2000
  • Fundamentals and Rational Bubbles, 2000
  • A Simple Discrete-time Approximation of Continuous-time Bubbles, Yuichi Fukuta, Journal of Economic Dynamics and Control, ELSEVIER SCIENCE BV, Vol. 22, No. 6, p. 937-954, 1998/06
  • The Preference for High Coupon Bonds: A Re-examination, Yuichi Fukuta, Japanese Journal of Financial Economics, Vol. 2, No. 1, p. 41-55, 1998/01
  • Forward Discount Puzzle: A Survey, Makoto Saito,Yuichi Fukuta, Modern Finance, Vol. 5-18, No. 1, p. 5-18, 1997/03
  • フォワード・ディスカウト・パズル:展望(共著), 福田 祐一,斉藤 誠, 現代ファイナンス, 日本ファイナンス学会〔ほか〕, Vol. 5-18, No. 1, p. 5-18, 1997
  • Rational Bubbles and Non-Risk Neutral Investors in Japan, Yuichi Fukuta, Japan and the World Economy, ELSEVIER SCIENCE BV, Vol. 8, No. 4, p. 459-473, 1996/12
  • 合理的バブルの再検証, 日本の資本市場,第3章,日本評論社, 1996
  • 公的規制と生命保険会社の資産運用(共著), 日本の資本市場,第7章,日本評論社, 1996
  • A Re-examination of Rational bubbles, 1996
  • Dynamic Asset Investment Analysis of Japanese Life Insurance Campanies under Regulations, 1996
  • The Benchmark Issue Premium in the Japanese Government Bond Market: A Re-examination, Yuichi Fukuta, Japan and the World Economy, ELSEVIER SCIENCE BV, Vol. 7, No. 3, p. 291-307, 1995/09
  • 直利指向の再検証, 日本の金融:市場と組織,第8章,日本評論社, 1994
  • A cointegration test of the optimal seigniorage model, Yuichi Fukuta,Akihisa Shibata, Economics Letters, Vol. 44, No. 4, p. 433-437, 1994
  • A Re-examination of the preference for high coupon bonds, 1994
  • The Term Structure of Interest Rates in Japan - A Re-examination of the Consumption-Based Asset Pricing Model, Yuichi Fukuta, The Economic Review, Vol. 44, No. 3, p. 221-232, 1993/07
  • The Term Structure of Interest Rates in Japan - A Re-examination of the Consumption Based Asset Pricing Models -, Economic Review, Vol. 44, No. 3, p. 221-232, 1993
  • Empirical Studies on term structure of Interest rates: A Survey, Yuichi Fukuta, Osaka Economic Papers, Osaka University, Vol. 41, No. 1, p. 113-130, 1991/06

Publications

  • An Invitation to Applied Economics, 日本評論社, ISBN:4535554285, 2005/10
  • 流動性の経済学，第8章，国債の価格形成とコンビーニエンス:1990年代後半の日本国債のケース, 第,章は齊藤誠,高木真吾,福田祐一著,流動性の経済学,は齊藤誠,柳川範之編, 東洋経済新報社, 2002/06
  • 金融分析の最先端，第8章，株価のファンダメンタルズと合理的バブル, 第,章は福田祐一著,金融分析の最先端,は筒井義郎編著, 東洋経済新報社, 2000/07
  • 現代の金融と政策，第2章，金利期間構造の将来インフレーションに関する情報含意について, 第,章は齊藤誠,福田祐一著,現代の金融と政策,は小佐野広,本多佑三編著, 日本評論社, 2000/01
  • 現代の金融と政策，第1章，フォワード・ディスカウント・パズルと流動性効果：円ドルレートによる実証分析, 第,章は齊藤誠,福田祐一著,現代の金融と政策,は小佐野広,本多佑三編著, 日本評論社, 2000/01
  • 日本の資本市場，第7章，公的規制と生命保険会社の資産運用, 第,章は小佐野広,福田祐一著,日本の資本市場,は橘木俊詔,筒井義郎編著, 日本評論社, 1996/09
  • 日本の資本市場，第3章，合理的バブルの再検証, 第,章は福田祐一著,日本の資本市場,は橘木俊詔,筒井義郎編著, 日本評論社, 1996/09
  • 日本の金融：市場と組織，第9章，直利指向の再検証, 第,章は福田祐一著,日本の金融,市場と組織,は橘木俊詔,松浦克巳編, 日本評論社, 1994/10

Works

  • 金融市場と流動性効果, 1998 - 2000
  • Financial Markets and Liquidity Effects, 1998 - 2000