Tsutomu Watanabe

Professor of Economics, Graduate School of Economics, University of Tokyo

Tsutomu Watanabe has been a Professor of Economics at the Graduate School of Economics, The University of Tokyo since October 2011. Previously, he was a Professor at Hitotsubashi University (1999–2011) and a Senior Economist at the Bank of Japan (1982–1999). He held visiting positions at various universities including Kyoto University, Bocconi University, and Columbia University. He received his Ph.D. in economics from Harvard University in 1992 and earned his undergraduate degree at The University of Tokyo

.His main research area is monetary policy and inflation dynamics. He is known for his series of papers on monetary policy when nominal interest rates are bounded at zero; in particular, his paper on the optimal monetary policy at the zero lower bound has been widely recognized as the first paper to provide a simple description of the liquidity trap and characterize the optimal policy response to it in a setting of dynamic stochastic general equilibrium.

He is an author of many books and more than 40 academic journal articles on monetary policy, inflation dynamics, and international finance. He is the project leader of the Japan Society for the Promotion of Science (JSPS) Grant‑in‑Aid for Scientific Research projects on Understand Inflation Dynamics of the Japanese Economy: An Approach Integrating Microeconomic Behaviors and Aggregate Fluctuations (2006‑2011) and Understanding Persistent Deflation in Japan (2012‑2017). He developed the Nikkei‑UTokyo Daily Price Index® with Kota Watanabe.

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  • 17 - 18 August 2019 / Peking University, Beijing / Chinese University of Hong Kong – Tsinghua University Joint Research Center for Chinese Economy, the Institute for Emerging Market Studies at Hong Kong University of Science and Technology, the Guanghua School of Management at Peking University, the Stanford Center on Global Poverty and Development at Stanford University, the School of Economics and Management at Tsinghua University, BREAD, NBER and CEPR
  • 19 - 20 August 2019 / Vienna, Palais Coburg / WU Research Institute for Capital Markets (ISK)
  • 29 - 30 August 2019 / Galatina, Italy /
  • 4 - 5 September 2019 / Roma Eventi, Congress Center, Pontificia Università Gregoriana Piazza della Pilotta, 4, Rome, Italy / European Center of Sustainable Development , CIT University
  • 9 - 14 September 2019 / Guildford, Surrey, UK / The University of Surrey