Kyushu University Academic Staff Educational and Research Activities Database
List of Presentations
Tetsushi Murao Last modified date:2019.07.17

Associate Professor / Economic Systems Analysis / Department of Economic Engineering / Faculty of Economics


Presentations
1. Tetsushi Murao, Long-run Phillips curve in dual economies with frictional labor markets and wealth inequality, European Economic Association, 31st Annual Congress, 2016.08, [URL].
2. Tetsushi Murao, Long-run Phillips curve in dual economies with frictional labor markets and wealth inequality, 2016 Asian Meeting of the Econometric Society, 2016.08, [URL].
3. Tetsushi Murao, Long-run Phillips curve in dual economies with frictional labor markets and wealth inequality, Research Workshop (Dept. of Economic Engineering), 2016.05, [URL].
4. Tetsushi Murao, Non-Monotonic Relationship between Competition and Growth: The Role of Resource Reallocation (with Makoto Nirei), Research Workshop (Dept. of Economic Engineering), 2015.10, [URL].
5. Tetsushi Murao, Competition and Growth through Reallocation with Heterogeneous Schumpeterian Effect (with Makoto Nirei), Workshop on Economic Growth Analysis and Evaluation of Science, Technology and Innovation Policies, 2015.06.
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7. Tetsushi Murao, Firm Size Distribution in Oblivious Equilibrium Model with Quality Ladder, Distributed Computing and Artificial Intelligence, 11th International Conference (Special session on Multi-Agent Macroeconomics), 2014.06, [URL].
8. Tetsushi Murao, Industry Dynamics with R&D and Firing Costs, Research Workshop (Dept. of Economic Engineering), 2014.05.
9. Tetsushi Murao, Competition and Growth through Reallocation with Heterogeneous Schumpeterian Effects (co-authored with Makoto Nirei) , Royal Economic Society, 2014 Annual Conference, 2014.04, [URL].
10. Tetsushi Murao, Entry Barriers and Growth through Reallocation with Heterogeneous Schumpeterian Effect (co-authored with Makoto Nirei), European Association for Research in Industrial Economics, 40th Annual Conference, 2013.09, [URL].
11. Tetsushi Murao, Entry Barriers and Growth through Reallocation with Heterogeneous Schumpeterian Effect (co-authored with Makoto Nirei), European Economic Association, 28th Annual Congress, 2013.08, [URL].
12. Tetsushi Murao, The Long-run Phillips Curve in the Dual Economy with Incomplete Insurance Markets, Society for Computational Economics, CEF2013, 2013.07, [URL], This paper studies the shape of long-run phillips curve (LRPC) in less developed countries (LDCs). For this purpose, we incorporate informal sector into the monetary incomplete insurance markets model of Imrohoroglu (1992) and a sectoral choice of the unemployed a la Acemoglu and Shimer (2000). The model is solved numerically, and we find that the model can replicate the empirically observed (1) negative long-run relationship between inflation and unemployment rate and (2) positive relationship between inflation rate and employment share of the informal sector. In this model, non-vertical LRPC exists as a consequence of the buffer role of informal labor market against insurance market incompleteness. Moreover, contrary to the common notion, no welfare trade off exists on the downward LRPC in our model..