Background
Hamada, Koichi was born on January 8, 1936 in Tokyo. Came to the United States, 1985. Son of Shunkicki and Setsu (Adachi) Hamada.
(Koichi Hamada has made seminal contributions to the study...)
Koichi Hamada has made seminal contributions to the study of economic interdependence and was one of the key originators of the game-theoretic approach to the topic. In this book, he applies current methods of game theory, public economics, and oligopoly theory to the problem of the choice of international monetary regimes in a world where goods markets and capital markets are increasingly integrated. The book examines how the choice of an international monetary regime affects the nature of policy interdependence and distribution of economic welfare among countries, what kind of international monetary regime each country wishes to choose, and what kind of regime is most likely to be realized. It shows that, in a world where a few large nations have substantial influence, it is important to recognize both the mutual strategic interdependence and differing nature of strategic structures from one regime to another. The first three chapters discuss the kinds of incentives participating countries face when deciding whether to agree on the adoption or alteration of a monetary regime. The remaining chapters show how the nature of policy interdependence differs depending on the exchange rate system. Contents: Political and Economic Aspects of International Monetary Relations; The Choice of International Monetary Regimes; On the Political Economy of Monetary Integration: A Public Economic Approach; International Monetary Interdependence in a Keynesian Model; A Strategic Analysis of Monetary Interdependence: A Flexible Price Model; Exchange Rate Regimes and the Effect of Changes in the Terms of Trade; The International Transmission of Stagflation under Fixed and Flexible Exchange Rates; Monetary Interdependence under a Managed Float System. Koichi Hamada is Professor of Economics at the University of Tokyo.
http://www.amazon.com/gp/product/0262081547/?tag=2022091-20
Hamada, Koichi was born on January 8, 1936 in Tokyo. Came to the United States, 1985. Son of Shunkicki and Setsu (Adachi) Hamada.
Bachelor of Laws, University Tokyo, 1958. Bachelor, University Tokyo, 1960. Master of Arts, Yale University, 1964.
Doctor of Philosophy in Economics, Yale University, 1964.
Research Association, Association Professor of Economics, University Tokyo, 1965-1969, 1969-1979. Visiting Scholar, Massachusetts Institute of Technology, Cambridge, Mass., USA, 1971-1973. Visiting Lector, London School of Economies and Political Science, London, United Kingdom, 1977-1978.
Luce Visiting Professor Japanese Economics, University Chicago, 1984. Professor of Economics, University Tokyo, Tokyo, Japan, since 1980. Association Editor, Journal of Economic Theory,
1969-1971, J bit E, 1973-1979.
Journal of Public Economics, since 1982. Co-editor, Economics Studies Quarterly, 1974-1977.
(Koichi Hamada has made seminal contributions to the study...)
Author: Political Economy of International Monetary Interdependence, 1985, Strategic Approaches to the International Economy: Selected Essays of Koichi Hamada, edited by Edward Elger, 1997. Contributor articles to professional journals. Associate editor Econometrica.Editor Journal of Japanese and International Economies, since 1985.
I have kept myself interested not only in the analytical structure of economic models but in their relationship to actual policy issues. I started in my dissertation at Yale with an attempt at dynamic analysis of international capital movements in which I applied tools of optimal control to international economics. My major concern in the theoretical field for the past twenty years has been the strategic or game theoretic analysis of international monetary (as well as trade) co-ordination and conflict.
I studied how nonco-ordinated macroeconomic policy actions and reactions lead to a situation like the CournotNash equilibrium that diverges from the Pareto optimum frontier. Also I studied how an international monetary regime can contribute to reducing this divergence and if there are incentives
to agree to such a regime on the part of participating actions.
Aside from this main line of research, 1 was interested in various topics in international trade, public economics, law and economics, monetary theory and macroeconomics. Radical economics in the early 1960s directed my attentions to social issues such as income distributions, external diseconomies and the economic analysis of law, though I carried out most analyses within the framework of the neoclassical discipline.
Recently, I have become interested in the macroeconomic analysis of the postwar experience of the Japanese economy. 1 study such questions as: how could the Japanese economy have grown so fast? How does Okun’s law and the Phillips curve look in the Japanese economy? How can we evaluate the Keynesian-monetaristrationalist controversy in terms of data from Japanese experience? and so forth.
Fellow Econometric Society (council 1980-1985). Member American Economics Association.
Tennis, composing music.