4 papers
Optimal longevity of a dynasty
Satoshi Nakano, Kazuhiko Nishimura
Standard optimal growth models implicitly impose a ``perpetual existence'' constraint, which can ethically justify infinite misery in stagnant economies. This paper investigates th…
Structural Cointegration of the Climate--Carbon Feedback: Evidence from the Last 130,000 Years
Satoshi Nakano, Kazuhiko Nishimura
Using a gap-free, millennial-resolution ice-core record spanning the last 130,000 years, we identify the feedback architecture between Antarctic temperature and atmospheric CO.…
Nonlinear Domar aggregation over transforming production networks
Satoshi Nakano, Kazuhiko Nishimura
An economy-wide production network, manifested through monetary input-output coefficients, inherently destabilizes during the general equilibrium propagation of sectoral productivi…
How do we measure trade elasticity for services?
Satoshi Nakano, Kazuhiko Nishimura
This paper is about our attempt of identifying trade elasticities through the variations in the exchange rate, for possible applications to the case of services whose physical tran…