Select Publications
Online articles and significant posts
​​Immigration Economics, UHERO Blog Post and LinkedIn Article, January 31, 2025.
How I know we’re Not in a Recession. (And when we’ll know if we are.) UHERO Blog Post and LinkedIn Article, September 26, 2024.
The supply side: AI, immigration, and non-inflationary growth, UHERO Blog Post and LinkedIn Article, February 21, 2024.
When is economic growth too strong? UHERO Blog Post and LinkedIn Article, November 8, 2023.
​Why 2%? Powell reconfirms Fed’s inflation target, LinkedIn Article, August 25, 2023.
When banks go boom: Footloose deposits, regulatory failure, and the SVB crisis. UHERO Blog Post, March 28, 2023.
COVID-19: Developing Economic Recovery Scenarios for Hawaii (with Carl Bonham and Peter Fuleky), UHERO Blog Post, May 4, 2020.
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Refereed articles and book chapters
​​​​Trade is Among the Casualties in the COVID-19 Pandemic, (with Ari Van Assche), Policy Options, Institute for Research on Public Policy, Montreal, Quebec, March 27, 2020.
Production Switching and Vulnerability to Protectionism (with Ari Van Assche), Chapter 5 in van Tulder, R., A. Verbeke and B. Jankowska, eds., International Business in a VUCA World: The Changing Role of States and Firms. Progress in International Business Research Vol. 14, Emerald, 2019.
Global Value Chains and the Fragmentation of Trade Policy Coalitions (with Ari Van Assche), Transnational Corporations: Investment and Development, Vol. 26, No. 1, 2019, pp. 31-60.
Global Value Chains and the Trade-Income Relationship: Implications for the Recent Trade Slowdown (with Alyson C Ma and Ari Van Assche), Chapter 6 in Bernard Hoekman, ed., The Global Trade Slowdown: A New Normal? Vox, CEPR, http://www.voxeu.org/content/global-trade-slowdown-new-normal, 24 June 2015.
Global Value Chains and Trade Elasticities (with Ari Van Assche and Alyson C. Ma), Economics Letters, Vol. 124, No. 3, September 2014, pp. 482-486. DOI: 10.1016/j.econlet.2014.07.018.
China’s Exports in a World of Increasing Oil Prices (with Alyson C. Ma and Ari Van Assche), Multinational Business Review, Volume 19, No. 2, 2011, pp. 133-151.
Why Hasn't the US Economic Stimulus Been More Effective? The Debate on Tax and Expenditure Multipliers (with F. Gerard Adams), World Economics, Vol. 11, No. 4, October-December 2010, pp. 111-130.
Electronics Production Upgrading: Is China Exceptional? (with Ari Van Assche), Applied Economics Letters, Vol. 17, No. 5, March 2010, pp. 477-482.
Modeling Tourism: A Fully Identified VECM Approach (with Allison Zhou and Carl Bonham), International Journal of Forecasting, Vol. 25, 2009, pp. 531-549.​​
Books and monographs
​​Japan’s New Economy: Continuity and Change in the 21st Century (with Magnus Blomström and Sumner La Croix), edited volume, Oxford University Press, 2001.
Economic Activity, Trade and Industry in the U.S.-Japan-World Economy: A Macro Model Study of Economic Interactions (with F. Gerard Adams and Shuntaro Shishido), Praeger Publishers, 1993.
Structure of Trade and Industry in the U.S.‑Japan Economy: Phase II. Integration with Project LINK and Simulation Applications (with F. Gerard Adams and Shuntaro Shishido), NIRA Research Output, Vol. 3, No. 1, National Institute for Research Advancement, Japan, 1990. Also published in Japanese (NIRA No. 890038).
Working papers
​​​​​Saving, investment, and Japan’s current account balance (with Andrew Mason), November 2018.
Growth, Aging, and the Future of East Asian Current Account Imbalances (with Michael Abrigo and Andrew Mason), paper prepared for the UN DESA Expert Group Meeting on the World Economy (Project LINK), Santiago, Chile, September 2018, and the 16th International Convention of the East Asian Economic Association, National Taiwan University, Taipei, October 2018.