Basic Information

Affiliated programs (koza)

• Graduate School of Economics, 経済学専攻 経済計画講座, 准教授

Concurrent Affiliation

• Center for the Promotion of Interdisciplinary Education and Research (C-PiER), 学際融合教育研究推進センター 統合複雑系科学国際研究ユニット

Academic Degree

• 修士(経済学)(東京大学)
• M.A.(オハイオ州立大学)
• Ph.D.(オハイオ州立大学)

Academic Resume (Graduate Schools)

• 東京大学, 大学院経済学研究科修士課程現代経済専攻, 修了
• 東京大学, 大学院経済学研究科博士課程現代経済専攻, 退学
• オハイオ州立大学, 経済学部博士課程, 修了

Academic Resume (Undergraduate School/Majors)

• 京都大学, 総合人間学部, 卒業

Language of Instruction

• English

ID,URL

• J-Global ID

  201401092608686118

researchmap URL

• https://researchmap.jp/7000009276

Research

Research Topics, Overview of the research

• Research Topics

  Macroeconomic analysis with dynamic general equilibrium models

• Overview of the research

  My primary research interests lie in business cycle fluctuations and fiscal policy. I quantitatively evaluate the impact of various shocks on aggregate fluctuations and the insurance and redistribution consequences of fiscal policy by using a dynamic stochastic general equilibrium model with rich individual heterogeneity and calibrating the model to micro-level evidence.

Research Areas

• Humanities & social sciences, Theoretical economics

Papers

• Uninsured idiosyncratic risk and the government asset Laffer curve

  Tomoyuki Nakajima; Shuhei Takahashi

  Journal of Macroeconomics, Mar. 2022, Peer-reviewed

  
• The uniqueness of steady-state equilibrium under state-dependent pricing: The case of deflation

  Shuhei Takahashi

  Economics Letters, Dec. 2021, Peer-reviewed

  
• 政府債務とマクロ経済ー異質な家計モデルによる分析の紹介ー

  髙橋修平

  フィナンシャル・レビュー, Jun. 2021, Invited

  
• Time-varying wage risk, incomplete markets, and business cycles

  Shuhei Takahashi

  Review of Economic Dynamics, Jul. 2020, Peer-reviewed

  
• A NOTE ON THE UNIQUENESS OF STEADY-STATE EQUILIBRIUM UNDER STATE-DEPENDENT WAGE SETTING

  Shuhei Takahashi

  Macroeconomic Dynamics, 17 Jun. 2020, Peer-reviewed

  
• Lack of Debt Restructuring and Lender’s Credibility-A Theory of Nonperforming Loans

  Keiichiro Kobayashi; Tomoyuki Nakajima; Shuhei Takahashi

  CIGS Working Paper, Mar. 2020

  
• The Effectiveness of Consumption Taxes and Transfers as Insurance Against Idiosyncratic Risk

  TOMOYUKI NAKAJIMA; SHUHEI TAKAHASHI

  Journal of Money, Credit and Banking, Mar. 2020, Peer-reviewed

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  KIER Discussion Paper Series, May 2018

  
• The optimum quantity of debt for Japan

  Tomoyuki Nakajima; Shuhei Takahashi

  JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES, Dec. 2017, Peer-reviewed

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi; Ken Yamada

  KIER Discussion Paper Series, Aug. 2017

  
• State Dependency in Price and Wage Setting

  Shuhei Takahashi

  INTERNATIONAL JOURNAL OF CENTRAL BANKING, Feb. 2017, Peer-reviewed

  
• Heterogeneity and Aggregation: Implications for Labor-Market Fluctuations: Comment

  Shuhei Takahashi

  AMERICAN ECONOMIC REVIEW, Apr. 2014, Peer-reviewed

  
• Is the Distance to Default a good measure in predicting bank failures? A case study of Japanese major banks

  Kimie Harada; Takatoshi Ito; Shuhei Takahashi

  JAPAN AND THE WORLD ECONOMY, Aug. 2013, Peer-reviewed

  

Presentations

• Uninsured Idiosyncratic Risk and the Government Asset Laffer Curve

  Shuhei Takahashi

  Annual SAET Conference, 13 Jun. 2021, Invited

  
• The Effects of Borrowing Limits on Hours Worked and Welfare

  Shuhei Takahashi

  Singapore Economic Review Conference, 06 Aug. 2019

  
• The Effects of Borrowing Limits on Hours Worked and Welfare

  Shuhei Takahashi

  Australasian Meeting of the Econometric Society, 02 Jul. 2019

  
• The Effects of Borrowing Limits on Hours Worked and Welfare

  Shuhei Takahashi

  Policy Research Institute, Ministry of Finance, Japan, 28 Jun. 2019, Invited

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  University of Tokyo, 22 Nov. 2018, Invited

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  Shanghai University of Finance and Economics, 20 Nov. 2018, Invited

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  Keio University, 23 Oct. 2018, Invited

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  European Meeting of the Econometric Society, 27 Aug. 2018

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  Tohoku University, 02 Aug. 2018, Invited

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  Australasian Meeting of the Econometric Society, 03 Jul. 2018

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  International Conference on Computing in Economics and Finance, 19 Jun. 2018

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  China Meeting of the Econometric Society, 17 Jun. 2018

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  Kobe University, 11 Jun. 2018, Invited

  
• Does State-Dependent Wage Setting Generate Multiple Equilibria?

  Shuhei Takahashi

  AEI Joint Workshop, 26 Apr. 2018, Invited

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  City University of Hong Kong Economics Seminars, 24 Oct. 2017, Invited

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  European Meeting of the Econometric Society, 21 Aug. 2017

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  Summer Workshop on Economic Theory, 07 Aug. 2017, Invited

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  DSGE Workshop, 15 Jul. 2017, Invited

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  International Conference on Computing in Economics and Finance, 30 Jun. 2017

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  Workshop for Heterogeneous Macro Models, 07 Jun. 2017, Invited

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  Asian Meeting of the Econometric Society, 04 Jun. 2017

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  AEI Joint Workshop, 30 May 2017, Invited

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  GRIPS Workshop on Macroeconomics and Policy, 17 May 2017, Invited

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  Hitotsubashi University Macro Money Workshop, 16 May 2017, Invited

  
• The Impact of Taxes and Transfers on Skill Premium

  Shuhei Takahashi

  The Economic Society of Kansai University, 26 Apr. 2017, Invited

  
• Consumption Taxes and Divisibility of Labor under Incomplete Markets

  Shuhei Takahashi

  National University of Singapore Department of Economics Seminar, 04 Oct. 2016, Invited

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  University of Melbourne Macro Seminar, 08 Sep. 2016, Invited

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  University of Queensland Macroeconomics Seminar Series, 06 Sep. 2016, Invited

  
• Consumption Taxes and Divisibility of Labor under Incomplete Markets

  Shuhei Takahashi

  Asian Meeting of the Econometric Society, 11 Aug. 2016

  
• Consumption Taxes and Divisibility of Labor under Incomplete Markets

  Shuhei Takahashi

  Society for Economic Dynamics Annual Meeting, 30 Jun. 2016

  
• Consumption Taxes and Divisibility of Labor under Incomplete Markets

  Shuhei Takahashi

  Taipei International Conference on Growth, Trade, and Dynamics, 23 Jun. 2016

  
• Consumption Taxes and Divisibility of Labor under Incomplete Markets

  Shuhei Takahashi

  Midwest Macroeconomics Meetings, 21 May 2016

  
• Consumption Taxes and Divisibility of Labor under Incomplete Markets

  Shuhei Takahashi

  AEI Joint Workshop, 28 Apr. 2016, Invited

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  Okayama University Modern Economic Seminar, 07 Oct. 2015, Invited

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Koc-Kyoto Workshop on Macroeconomics, 18 Sep. 2015, Invited

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  Summer Workshop on Economic Theory, 07 Aug. 2015, Invited

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  International Conference on Nonlinear Economic Dynamics, 26 Jun. 2015

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  International Conference on Computing in Economics and Finance, 20 Jun. 2015

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  CIGS Conference on Macroeconomic Theory and Policy, 25 May 2015

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  AEI Joint Workshop, 20 Mar. 2015, Invited

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  DSGE Conference, 13 Mar. 2015, Invited

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  Meiji University Conference, 04 Mar. 2015, Invited

  
• The Optimum Quantity of Debt for Japan

  Shuhei Takahashi

  Rokko Forum, 02 Mar. 2015, Invited

  
• State Dependency in Price and Wage Setting

  Shuhei Takahashi

  Midwest Macroeconomics Meetings, 08 Nov. 2014

  
• State Dependency in Price and Wage Setting

  Shuhei Takahashi

  Bank of Canada BBL Seminar, 04 Nov. 2014, Invited

  
• State Dependency in Price and Wage Setting

  Shuhei Takahashi

  European Meeting of the Econometric Society, 28 Aug. 2014

  
• State Dependency in Price and Wage Setting

  Shuhei Takahashi

  Summer Workshop on Economic Theory, 10 Aug. 2014

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Australasian Meeting of the Econometric Society, 02 Jul. 2014

  
• State Dependency in Price and Wage Setting

  Shuhei Takahashi

  Kyoto University Macroeconomics Workshop, 05 Jun. 2014

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  IEFS Japan Annual Meeting, 03 Dec. 2013, Invited

  
• Time-Varying Wage Risk, Incomlete Markets, and Business Cycles

  Shuhei Takahashi

  School Seminar University of Kent, 02 Sep. 2013, Invited

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  European Meeting of the Econometric Society, 26 Aug. 2013

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Japanese Economic Association Spring Meeting, 22 Jun. 2013

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Macro Money Workshop Hitotsubashi University, 18 Jun. 2013, Invited

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  North American Summer Meeting of the Econometric Society, 14 Jun. 2013

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Annual Conference of the Royal Economic Society, 03 Apr. 2013

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  AEI Joint Workshop, 29 Mar. 2013, Invited

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Asian Meeting of the Econometric Society, 20 Dec. 2012

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Macroeconomics Workshop University of Tokyo, 06 Dec. 2012, Invited

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Macroeconomics Workshop Osaka University, 30 Nov. 2012, Invited

  
• Time-Varying Wage Risk, Incomplete Markets, and Business Cycles

  Shuhei Takahashi

  Midwest Macroeconomics Meetings, 11 Nov. 2012

  

External funds: Kakenhi

• Heterogeneity and Effectiveness of Fiscal and Monetary Policies

  Grant-in-Aid for Scientific Research (B)

  Basic Section 07040:Economic policy-related

  Senshu University;Kansai University

  稲葉 大

  From 01 Apr. 2020, To 31 Mar. 2024, Granted

  異質性;財政金融政策;税制と格差;景気循環会計;バブル

  https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-20H01505/
• Government debt as international liquidity

  Grant-in-Aid for Scientific Research (A)

  Medium-sized Section 7:Economics, business administration, and related fields

  Keio University

  藤原 一平

  From 01 Apr. 2018, To 31 Mar. 2021, Granted

  国際流動生;財政の持続可能性;国際政策協調;財政環境の悪化;国債流動性;政府債務;非完備市場;国際流動性

  https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-18H03638/
• Wage Adjustments, Financial Markets, and Monetary Policy

  Grant-in-Aid for Young Scientists (B)

  Kyoto University

  高橋 修平

  From 01 Apr. 2017, To 31 Mar. 2021, Granted

  状態依存;名目価格;名目賃金;複数均衡;労働時間;経済厚生;賃金調整;金融市場;厚生;状態依存型賃金設定;ニューケインジアンモデル;借入制約;金融市場の不完全性;金融政策;マクロ経済学;景気循環

  https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-17K13700/
• On Mechanism of Macroeconomic Fluctuation under Economic Heterogeneity and Misallocation of Resources

  Grant-in-Aid for Scientific Research (B)

  Kansai University

  Masaru Inaba

  From 01 Apr. 2016, To 31 Mar. 2019, Project Closed

  経済の異質性;ミス・アロケーション;賃金改定の状態依存性;スキル・プレミアム;ラッファー曲線;地域景気循環会計;金融制約;内生的成長理論;名目賃金改訂頻度の違い;金融市場の機能不全

  https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-16H03626/
• Theoretical and empirical analyses of economic performance and the effectiveness of monetary and fiscal policy under capital market imperfections

  Grant-in-Aid for Scientific Research (A)

  Kyoto University

  Akihisa Shibata

  From 01 Apr. 2016, To 31 Mar. 2020, Project Closed

  金融市場の不完全性;不確実性;経済制度;金融・財政政策;景気循環;経済成長;ナイト的不確実性;景気循環と経済成長;金融政策;財政政策

  https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-16H02026/
• Macroeconomic analysis of uncertainty shocks and credit shocks

  Grant-in-Aid for Young Scientists (B)

  Kyoto University

  Shuhei Takahashi

  From 01 Apr. 2014, To 31 Mar. 2017, Project Closed

  景気循環;格差;不確実性ショック;信用ショック;非完備金融市場;財政政策;労働市場;マクロ経済学;非完備市場;動学確率一般均衡モデル;不完備市場

  https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-26780119/
• 景気循環による厚生損失

  Grant-in-Aid for Scientific Research (C)

  Basic Section 07010:Economic theory-related

  Kyoto University

  高橋 修平

  From 01 Apr. 2022, To 31 Mar. 2027, Granted

  景気循環;厚生;マクロ経済

  https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22K01390/
• グローバル・インバランスの行方：国際金融論と国際貿易論の統合アプローチ

  Grant-in-Aid for Scientific Research (A)

  Medium-sized Section 7:Economics, business administration, and related fields

  The University of Tokyo

  青木 浩介

  From 01 Apr. 2022, To 31 Mar. 2026, Granted

  グローバル・インバランス;不完備金融市場

  https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22H00058/

External funds: others

• State Dependency in Price and Wage Setting

  京都大学教育研究振興財団　国際研究集会発表助成・若手

  From 23 Aug. 2014, To 30 Aug. 2014

  高橋修平
• 個人の多様性が存在する下での、金融市場に起因するショックが労働市場のダイナミクスに与える影響に関する研究

  京都大学若手研究者スタートアップ研究費

  高橋修平
• 政府債務の経済厚生分析

  日本経済研究センター研究奨励金

  高橋修平
• 賃金調整の状態依存性がマクロ経済変動に与える影響

  全国銀行学術研究振興財団　学術研究助成

  From 01 Dec. 2015, To 31 Mar. 2017

  高橋修平
• 名目賃金調整の状態依存性とマクロ経済

  野村財団

  From 01 Apr. 2021, To 31 Mar. 2024

  髙橋修平

Education

Teaching subject(s)

• From 01 Apr. 2022, To 31 Mar. 2023

  Advanced Macroeconomics

  A402, Fall, Graduate School of Economics, 4
• From 01 Apr. 2022, To 31 Mar. 2023

  Computational Economics 1

  A515, Spring, Graduate School of Economics, 2
• From Apr. 2013, To Mar. 2014

  Computational Economics 2

  Fall, 経済学研究科
• From Apr. 2013, To Mar. 2014

  Introduction to Economics

  Spring, 全学共通科目
• From Apr. 2014, To Mar. 2015

  Computational Economics 1

  Spring, 経済学研究科
• From Apr. 2014, To Mar. 2015

  Computational Economics 2

  Fall, 経済学研究科
• From Apr. 2015, To Mar. 2016

  Computational Economics 1 (Seminar)

  Spring, 経済学研究科
• From Apr. 2015, To Mar. 2016

  Computational Economics 2 (Seminar)

  Fall, 経済学研究科
• From Apr. 2016, To Mar. 2017

  Applied Macroeconomics

  Fall, 経済学研究科
• From Apr. 2016, To Mar. 2017

  Computational Economics 1

  Spring, 経済学研究科
• From Apr. 2017, To Mar. 2018

  Computational Economics 1

  Spring, 経済学研究科
• From Apr. 2017, To Mar. 2018

  Computational Economics 2

  Fall, 経済学研究科
• From Apr. 2018, To Mar. 2019

  Advanced Macroeconomics

  Fall, 経済学研究科
• From Apr. 2018, To Mar. 2019

  Computational Economics 1

  Spring, 経済学研究科
• From Apr. 2019, To Mar. 2020

  Advanced Macroeconomics

  Fall, 経済学研究科
• From Apr. 2019, To Mar. 2020

  Computational Economics 1

  Spring, 経済学研究科
• From Apr. 2020, To Mar. 2021

  Advanced Macroeconomics

  Fall, 経済学研究科
• From Apr. 2020, To Mar. 2021

  Computational Economics 1

  Spring, 経済学研究科
• From Apr. 2021, To Mar. 2022

  Advanced Macroeconomics

  Fall, 経済学研究科
• From Apr. 2021, To Mar. 2022

  Computational Economics 1

  Spring, 経済学研究科

Participation in PhD Defense

• Analysis of Disequilibrium Macroeconomics

  OGAWA SHOUGO, Graduate School of Economics, Sub-chief Examiner

  23 Mar. 2022
• Asset Prices and Business Cycles（資産価格と景気循環）

  豊田　宏樹, Sub-chief Examiner

  23 Jan. 2019
• 開放経済におけるバブルと経済成長，政策効果の研究

  清水　涼介, Sub-chief Examiner

  23 Mar. 2020
• SUBJECTIVE EXPECTATION，ASSET PRICE，AND MACRO ECONOMY(主観的期待、資産価格、マクロ経済)

  大島　一宏, Sub-chief Examiner

  23 Mar. 2020
• Essays on the Theory of Bubbles(バブルに関する理論的研究)

  浅岡　慎太郎, Sub-chief Examiner

  25 May 2020
• Essays on Business Cycles in Small Open Economies(小国開放経済の景気循環に関する諸研究)

  池田　晃彦, Sub-chief Examiner

  27 Jul. 2020
• Studies on Asset Bubbles, Economic Growth, and Bailout Policy in an Open Economy（開放経済における資産バブルと経済成長，ベイルアウトに関する研究）

  本橋　篤, Sub-chief Examiner

  23 Mar. 2021

Part-time lecturer

• From 01 Sep. 2021, To 30 Sep. 2021

  神戸大学

Administration

School management (title, position)

• From 01 Apr. 2019, To 31 Mar. 2021

  学生生活委員会 委員
• From 01 Apr. 2020, To 31 Mar. 2021

  学生生活委員会第一小委員会 委員
• From 01 Apr. 2020, To 31 Mar. 2021

  京都大学奨学金返還免除候補者選考委員会 委員
• From 01 Apr. 2021, To 31 Mar. 2023

  広報委員会 委員
• From 01 Apr. 2021, To 31 Mar. 2023

  広報委員会 紅萠編集専門部会

Faculty management (title, position)

• From 01 Apr. 2018, To 31 Mar. 2023

  研究科会議調整委員会（教科委員）　委員
• From 01 Apr. 2018, To 31 Mar. 2023

  研究計画・予算委員会　委員
• From 01 Oct. 2012, To 31 Mar. 2013

  研究室調整委員会　委員
• From 01 Apr. 2013, To 31 Mar. 2020

  資料委員会　委員
• From 01 Oct. 2012, To 31 Mar. 2020

  編集・研究会委員会　委員
• From 01 Apr. 2020, To 31 Mar. 2022

  共同利用・共同研究委員会　委員