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October 2019 Robert Dekle Department Of October 2019 Robert Dekle Department of Economics University of Southern California Los Angeles, CA 90089 (213)740-2134 Email: [email protected] Fields of Interest: Open-Economy Macroeconomics, International Trade and Finance, East Asian Growth and Development, Saving and Investment, Japan and China. Courses Taught: Ph.D.: Open Economy Macroeconomics/International Finance/International Trade. M.A.: International Trade and Finance. Undergraduate: Introductory and Intermediate Macroeconomics, International Finance, East Asian and Japanese Economies. Education: Yale University, Ph.D., Economics, 1988 University of California, Berkeley, A.B., Economics, 1981 Honors and Awards: U.C. Berkeley Regents' Scholarship, 1979 Phi Beta Kappa, 1981 Yale University Fellowship, 1981 Japan Foundation Fellowship, 1985 (declined) Fulbright Fellowship to Japan, 1985 Positions: Chairman, Department of Economics, University of Southern California, 2003-2006. Professor of Economics, University of Southern California, 2004-present. Associate Professor of Economics (with tenure), University of Southern California, 2000-2004. Assistant Professor of Economics, University of Southern California, Sept. 1998 to June 2000. Staff Economist, Japan, Korea, and Indonesia, Asia and Pacific Department, International Monetary Fund, Sept 1995-August 1998. Staff Economist, Division of International Finance, Federal Reserve Board of Governors, 1994-1995. Assistant Professor of Economics and International Relations, Boston University, 1988-1994. Post-Doctoral Fellow, Edwin O. Reischauer Institute, Center for International Affairs, Harvard University, 1987-1988. Visiting Positions and Other Affiliations: Visiting Scholar, Hitotsubashi Institute for Advanced Study, May 2017. Visiting Scholar, Hong Kong Institute for Monetary Research, January 2017. Visiting Scholar, Asian Development Bank Institute, Summer 2015. Consultant, Asian Development Bank, 2014-2015. Visiting Scholar, Institute of Monetary and Economic Studies, Bank of Japan, 1990, 2011, and 2012. Visiting Fellow, CIRJE, Department of Economics, Tokyo University, Summers 2003, 2008, 2019. Visiting Professor, Federal Reserve Bank of New York, 2006-2007. Editor, Japan and the World Economy, 2005-present. Associate Editor, Economics Bulletin, 2003-2007. Fellow, Center for Japanese Business and Economy, Columbia Business School. Fellow, Center for Japan-U.S. Business and Economic Studies, Stern School of Business, NYU. Shimomura Fellow, The Japan Development Bank, Tokyo, Summer 1999. Visiting Scholar, Department of Economics, University of Indonesia, Summer 1994. Consultant, U.S.-Japan Foundation, 1993. Consultant, East Asian Miracle Project, World Bank, 1992-1993. Visiting Scholar, Department of Economics, Macquarie University, Sydney, Australia, Summer 1993. Visiting Scholar, American Enterprise Institute for Public Policy Research, Summer, 1989. Visiting Scholar, Institute for Fiscal and Monetary Policy, Japanese Ministry of Finance, 1985-1986. Book: Understanding Japanese Saving: Does Population Aging Matter?, Routledge-Curzon Publishers, London, 2005. Recent Working Papers: “Dynamics of Trade and Heterogeneity in General Equilibrium,” (with Nobuhiro Kiyotaki and Hyeok Jeong), manuscript, March 2015. “The Regional Spillover Effects of the Tohoku Earthquake,” (with Eunpyo Hong and Wei Xie), manuscript, April 2016 “Product Dynamics and Aggregate Shocks: Evidence from Japanese Product and Firm Level Data,” (with Nobuhiro Kiyotaki, Tsutomu Miyagawa, and Atsushi Kawakami), manuscript, revised August 2019 (under preparation for submission). “Chinese Local Government Excess Yields, Monetary Policy, and Misallocation,” (with Andrew Tsang), manuscript, revised October 2019 (to be submitted). “Robots and Industrial Labor: Evidence from Japan,” manuscript, September 2019 (under revision for publication Journal of the Japanese and International Economies). Refereed Journal Publications: “A Comment on Female Labor Supply, Housing Demand, and the Saving Rate in Japan,” European Economic Review, (33), 1989, p. 1023-1026. “The Unimportance of Intergenerational Transfers in the Japanese Economy,” Japan and the World Economy, (2), 1989, p. 41-58. “Saving, Bequests, and Housing Tenure of the Japanese Elderly,” Economics Letters, (29) 1989, p. 129-133. “Equal Opportunity and the Quality and Quantity of Japanese Children,” Journal of Asian Economics, (1), 1990, p. 319-331. “Do the Japanese Elderly Reduce Their Total Wealth? A New Look with Different Data,” Journal of the Japanese and International Economies, (4), 1990, p. 309-317. “Japan’s High Saving Rate Reaffirmed,” (with Lawrence Summers), Monetary and Economic Studies, (9), 1991, p. 63-78. “Market Value Estimates of Japanese Saving and Comparisons with the U.S.: Can the Capital Gains to Land Be Included in ‘Saving’?” Japan and the World Economy, (6), 1994, p.27-44. "Saving-Investment Associations and Capital Mobility: On the Evidence from Japanese Regional Data," Journal of International Economics, (41), 1996, p. 53-72. “Financial Market Implications of the Japanese ‘Big Bang’ Reforms,” Journal of Asian Economics, (8), 1998, p. 237-249. "The Yen and Japanese Manufacturing Employment." Journal of International Money and Finance, (17), 1998, p.785-801. "Agglomeration and Land Rents: Evidence from the Prefectures" (with Jonathan Eaton). Journal of Urban Economics,(46), 1999, p. 200-214. “The Stock Market, Fundamentals, Cash Flow, and Private Investment: Evidence from Japan,” (with Dale Henderson and Sebastian Thomas), Japan and the World Economy, (12), 2000, p. 295- 310. "Financial Liberalization and Money Demand in the ASEAN Countries" (with Mahmood Pradhan). International Journal of Finance and Economics, (4), 1999, p.205-215. ”On the Development of Rotating Credit Associations in Japan”, (with Koichi Hamada). Economic Development and Cultural Change, (49), 2000, p.77-90. ”Demographic Destiny and the Japanese Saving-Investment Balance,” Oxford Review of Economic Policy, (16), 2000, p. 77-90. ”Growth Accounting in the Classic Vintage Capital Model,” Economics Letters, (72), 2001, p. 263- 267. "Do High Interest Rates Appreciate Exchange Rates During Crisis?: The Korean Evidence" (with Cheng Hsiao and Siyan Wang), Oxford Bulletin of Economics and Statistics, (63), 2001, p. 165-202. ”The Real Effects of Capital Inflows on Emerging Markets”, (with Cheng Hsiao and Siyan Wang), Review of Pacific Basin Financial Markets and Policies, (4), 2001, p. 30-46. ”High Interest Rates and Exchange Rate Stabilization in Korea, Malaysia, and Thailand: An Empirical Investigation of the Traditional and Revisionist Views,” (with Cheng Hsiao and Siyan Wang). Review of International Economics, (10), 2002, p. 64-78. ”Industrial Concentration and Regional Growth: Evidence from the Prefectures,” Review of Economics and Statistics, (84), 2002, p. 310-315. “The Japanese Banking Crisis and Economic Growth: Theoretical and Empirical Implications of Deposit Guarantees and Weak Financial Regulation,” (with Kenneth Kletzer), Journal of the Japanese and International Economies, (17), 2003, p. 305-335. “An Empirical and Institutional Examination of Post-Crisis Capital Flows: The Thai Case,” (with Pongsak Hoontrakul) Research in International Business and Finance, (3), 2004, p. 291-303. “Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows and Immigration,” Journal of the Japanese and International Economies, (18), 2004, p.506-527. “The Thai Currency Crisis: Financing Constraints, High Fixed Costs, and Corporate Governance,” (with Pongsak Hoontrakul and Cathy Karnchanasai), Asian Economic Papers, (4), 2005, p. 60-87. ”Exchange Rate Exposure and Foreign Market Competition: Evidence from Japanese Firms,” Journal of Business, (78), 2005, p. 281-300. “Exchange Rate Fluctuations, Financing Constraints, Hedging, and Exports: Evidence from Firm Level Data,” (with Heajin Ryoo), Journal of International Financial Markets, Institutions, and Money, 2007, (17), p. 437-451. “Unbalanced Trade,” (with Jonathan Eaton and Sam Kortum), American Economic Review, 2007, (97), p. 351-355. “Global Rebalancing and Gravity: Measuring the Burden of Adjustment,” (with Jonathan Eaton and Sam Kortum), IMF Staff Papers, 2008, (55), p. 511-540. “Can International Productivity Differences Alone Explain the U.S. Current Account Deficits?,” (with Suparna Chakraborty), Review of International Economics, 2009, (17), p. 689-715. “Global Imbalances, Productivity Differentials, and Financial Integration,” (with Suparna Chakraborty), IMF Staff Papers, 2009, (56), p. 655-682. “Whither Chinese Growth? A Sectoral Growth Accounting Approach,” (with Guillaume Vandenbroucke), Review of Development Economics, 2010, (14), p. 487-498. “A Quantitative Analysis of China’s Structural Transformation,” (with Guillaume Vandenbroucke), Journal of Economics Dynamics and Control, 2012 (36), p. 119-135. “The Determinants and Long-Term Projections of Asian GDP and Trade,” (with Charles Horioka and Akiko Terada-Hagiwara), Japan and the World Economy, 2012 (24), p.1-5. “International Policy Implications and Lessons from the Global Financial Crisis,” (with Joshua Aizenman and James Lothian), Journal of International Money and Finance, 2012, 1971- 1975. “The Real Exchange Rate and the Structural Transformations of China and the U.S.,” (with Murat Ungor), International Economic Journal, 2013, 303-319. “Do Foreign Bank Affiliates Cut their Lending More than the Domestic Banks in a Financial Crisis?” (with Mihye Lee), Journal of International Money and
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