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He explains the key points and significance of these works in an easy-to-understand way for those seeking a more advanced understanding of economics. October 20, 2016 Part 15: What Brings About Long-term Changes in Expectations? The mechanisms by which the financial crisis has led to secular stagnation KOBAYASHI Keiichiro / Econo-kun December 9, 2015 Part 14: Deflationary Equilibrium as a Rational Bubble and the Effectiveness of Reflationary Policy KOBAYASHI Keiichiro / Econo-kun November 7, 2014 Part 13: A Model of Secular Stagnation KOBAYASHI Keiichiro / Econo-kun October 16, 2007 Part Ten: Will Technical Change Solve the Wage Inequality Problem? KOBAYASHI Keiichiro / Econo-kun August 20, 2007 Part Nine: Credit Reversal Effect - Does economic expansion collapse endogenously? KOBAYASHI Keiichiro / Econo-kun June 13, 2007 Part Eight: Does the Introduction of Financial Derivatives Invariably Make a Market Incomplete? - "Gödel's Incompleteness Theorem" in Economics KOBAYASHI Keiichiro / Econo-kun April 2, 2007 Part Seven: Changes in the (Trend) Growth Rate and Level of Productivity - Is it possible to explain differences in business cycle fluctuations between developed economies and developing economies with any single factor? KOBAYASHI Keiichiro / Econo-kun October 23, 2006 Part Six: Information Propagation in the Macroeconomy - Is it not possible to integrally understand asset bubbles and rigidity in wages and prices? KOBAYASHI Keiichiro / Econo-kun July 14, 2006 Part Five: 'Indivisible Labor' and the Great Depression KOBAYASHI Keiichiro / Econo-kun May 11, 2006 Part Four: Collateral Constraints and Nominal Debt in the Formation of Monetary Policy - Should monetary policy respond to movements in asset prices? KOBAYASHI Keiichiro / Econo-kun March 30, 2006 Part Three: Are Price Rigidities Truly Important? KOBAYASHI Keiichiro / Econo-kun December 27, 2005 Part Two: A New Understanding of Debt Deflation Theory KOBAYASHI Keiichiro / Econo-kun November 8, 2005 Part One: Did Deflation Really Cause the Great Depression? KOBAYASHI Keiichiro / Econo-kun Articles Column Special Series Newspapers & Magazines Fellows' Works Artificial Intelligence and Society: Philosophy of Fallibility East Asian Economic Strategies Research Notes on Spatial Economies Exploring the Global Financial Information Superhighway Kobayashi-sensei's Economic Research Picks On Governance and Leadership China in Transition Economics Review Digital Convergence Forum Revising Foreign Policy Interview Series: Economic Policy ExPost Evaluation of 2002 FIFA World Cup Korea / Japan Social System Design Workshop VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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