Professional Experience

• • Economist

    Board of Governors of the Federal Reserve System

  • 2012 - present

• • Associate Professor

    University of Virginia

  • 2011 - present

• • Assistant Professor

    University of Virginia

  • 2006 - 2011

• • Assistant Professor

    Concordia University

  • 2002 - 2006

Publications

• Moscoso Boedo, Hernan J., and Toshihiko Mukoyama (2012). "Evaluating the Effects of Entry Regulations and Firing Costs on International Income Differences," Journal of Economic Growth, vol. 17, no. 2, pp. 143-170.
• Krusell, Per, Toshihiko Mukoyama, and Anthony A. Smith Jr. (2011). "Asset Prices in a Huggett Economy," Journal of Economic Theory, vol. 146, no. 3, pp. 812-844.
• Krusell, Per, Toshihiko Mukoyama, Richard Rogerson, and Aysegul Sahin (2011). "A Three State Model of Worker Flows in General Equilibrium," Journal of Economic Theory, vol. 146, no. 3, pp. 1107-1133.
• Krusell, Per, Toshihiko Mukoyama, and Aysegul Sahin (2010). "Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations," Review of Economic Studies, vol. 77, no. 4, pp. 1477-1507.
• Krusell, Per, Toshihiko Mukoyama, Richard Rogerson, and Aysegul Sahin (2010). "Aggregate Labor Market Outcomes: The Roles of Choice and Chance," Quantitative Economics, vol. 1, no. 1, pp. 97-127.
• Mukoyama, Toshihiko (2010). "Welfare Effects of Unanticipated Policy Changes with Complete Asset Markets," Economics Letters, vol. 109, no. 2, pp. 134-138.
• Krusell, Per, Toshihiko Mukoyama, Aysegul Sahin, and Anthony A. Smith Jr. (2009). "Revisiting the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, vol. 12, no. 3, pp. 393-404.
• Mukoyama, Toshihiko (2009). "A Simple Model of Productivity Slowdown," Applied Economics Letters, vol. 16, no. 4-6, pp. 455-458.
• Mukoyama, Toshihiko (2009). "On the Establishment Dynamics in the United States and Japan," Monetary and Economic Studies, vol. 27, pp. 53-74.
• Mukoyama, Toshihiko, and Aysegul Sahin (2009). "Specialization and Efficiency with Labor-Market Matching," Journal of Economic Dynamics and Control, vol. 33, no. 1, pp. 221-236.
• Mukoyama, Toshihiko, and Aysegul Sahin (2009). "Why did the Average Duration of Unemployment Become so Much Longer?" Journal of Monetary Economics, vol. 56, no. 2, pp. 200-209.
• Krusell, Per, Toshihiko Mukoyama, Richard Rogerson, and Aysegul Sahin (2008). "Aggregate Implications of Indivisible Labor, Incomplete Markets, and Labor Market Frictions," Journal of Monetary Economics, vol. 55, no. 5, pp. 961-979.
• Mukoyama, Toshihiko (2008). "Endogenous Depreciation, Mismeasurement of Aggregate Capital, and the Productivity Slowdown," Journal of Macroeconomics, vol. 30, no. 1, pp. 513-522.
• Mukoyama, Toshihiko (2006). "Rosenberg's 'Learning by using' and Technology Diffusion," Journal of Economic Behavior and Organization, vol. 61, no. 1, pp. 123-144.
• Mukoyama, Toshihiko, and Aysegul Sahin (2006). "Costs of Business Cycles for Unskilled Workers," Journal of Monetary Economics, vol. 53, no. 8, pp. 2179-2193.
• Mukoyama, Toshihiko, and Aysegul Sahin (2006). "Specialization and Human Capital in Search Equilibrium," Journal of the European Economic Association, vol. 4, no. 2-3, pp. 503-512.
• Mukoyama, Toshihiko, and Aysegul Sahin (2005). "Repeated Moral Hazard with Persistence," Economic Theory, vol. 25, no. 4, pp. 831-854.
• Mukoyama, Toshihiko (2004). "Diffusion and Innovation of New Technologies Under Skill Heterogeneity," Journal of Economic Growth, vol. 9, no. 4, pp. 451-479.
• Mukoyama, Toshihiko (2003). "Innovation, Imitation, and Growth with Cumulative Technology," Journal of Monetary Economics, vol. 50, no. 2, pp. 361-380.

Other Activities