Nobuhiro Kiyotaki

Nobuhiro Kiyotaki (Japanese清 滝 信 宏, Nobuhiro Kiyotaki, * June 24, 1955 ) is a Japanese economist and university professor.

Career, teaching and research

Kiyotaki studied 1974-1978 at the University of Tokyo. After he graduated with a Bachelor of Arts degree in Economics, he went into the Ph.D. program of the University. In 1981, he moved to Harvard University, where in June 1985 he as Ph.D. with the thesis entitled " Macroeconomics of monopolistic competition " graduated.

Between 1985 and 1991, Kiyotaki assistant professor at the University of Wisconsin- Madison. In parallel, he held from 1989 guest lecturer at Hitotsubashi University and the London School of Economics and Political Science. In 1991 he accepted a position at the University of Minnesota, where he became Associate Professor at the Department of Economics. At times, he moonlighted for the Federal Reserve Bank of Minneapolis.

In 1997, Kiyotaki true his first full professorship, when he was called to London to the Department of Economics at the London School of Economics and Political Science. In 2006 he returned to the United States and became a professor at Princeton University.

The focus of research and teaching Kiyotakis lies in the area of ​​macroeconomics and monetary economics. Together with Randall Wright, he developed the Kiyotaki -Wright model, is shown with the aid of that money as a medium of exchange by an increase in welfare takes place, as compared to a pure barter more goods are traded.

With the British John Hardman Moore developed Kiyotaki the Kiyotaki -Moore model to explain how to create larger fluctuations of income and assets of small shocks through the interaction of house prices and restrictions in lending. In 1999 she received for her work the Yrjö - Jahnsson price.