Curriculum Vitae. May 30, Yukinobu Kitamura. Date and Place of Birth: July 13, 1956, Kyoto, Japan.

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1 Curriculum Vitae Name: Yukinobu Kitamura Date and Place of Birth: July 13, 1956, Kyoto, Japan. Nationality: Japanese Affiliate: Professor Hitotsubashi University, Institute of Economic Research Naka 2-1, Kunitachi-shi, Tokyo , Japan Tel/Fax web: Economist The Bank of Japan, Institute for Monetary and Economic Studies. Hongoku-cho 2-1-1, Chuo-ku, Tokyo , Japan. Tel ext 6541, Fax and Research Professor Keio University, Faculty of Business and Commerce. Mita , Minato-ku, Tokyo , Japan. Tel , Fax

2 Education: Keio University, Japan B.A. in Economics, University of Pennsylvania, U.S.A. M.A. in International Relations, University of Oxford, U.K. D.Phil. in Economics, Field of Specialization: Macroeconomics, Public Finance, Monetary and Financial Economics, Applied Econometrics. Languages: Fluent in Japanese and English. Reading knowledge in French. Work Experience: Research Assistant Institute of Economics and Statistics, University of Oxford. Administrator/Economist Organization for Economic Cooperation and Development (OECD), Economic Department. 2 rue Andre-Pascal, Paris, CEDEX16, France. Visiting Positions: Visiting Professor, Kenya School of Monetary Studies, Central Bank of Kenya (technical assistant program under JICA) Visiting Professor, Department of Economics, University College London, Feb-March 2003 Visiting Professor, Bocconi University, Milan, Italy, October 2007 Visiting Professor, Bank of Finland, Research Department, Helsinki, Finland, July-August

3 Visiting Professor, KTH Royal Institute of Technology, Sweden, September 2009 Visiting Professor, Australia-Japan Research Centre Asia Pacific School of Economics and Government The Australia National University, Canberra, March 2010 Visiting Professor, The University of Auckland Business School, Department of Economics Auckland, New Zealand, March 2010 Visiting Professor, Indian Statistical Institute, Kolkata, India, February 2010 Honors and Awards: The Oversea Research Student Award, , Committee of Vice-Chancellors and Principals of The University of the United Kingdom. The George Webb Medley Endowment Fund Scholarships, 1985, University of Oxford. Professional Activities: Member of the Econometric Society, Member of the Japanese Association of Economics and Econometrics, Member of the American Economic Association, Member of the Royal Economic Society (U.K.), Member of the National Tax Association (U.S.A.), Member of the Japan Statistical Society (Japan), Member of European Economic Association, Research associate, Tokyo Center for Economic Research (TCER) The Japan Society of Monetary Economics, Japan Institute of Public Finance,

4 Editorial Board Member: Keizai Bunseki (Economic Analysis) (Cabinet Office, Government of Japan), Singapore Economic Review, Editorial Referee American Economic Review, Asian Economic Policy Review, Journal of Public Economics, Keizai Kenkyu (Economic Review), Journal of the Japanese and International Economies, Scandinavian Journal of Economics, Journal of Macroeconomics, Economics Bulletin, Hitotsubashi Journal of Economics, Singapore Economic Review, Keizai Bunseki (Economic Analysis), Monetary and Economic Studies (Bank of Japan) Book Referee Oxford University Press Ph.D. Students: Kyosuke Kurita, May17, 2006, current position: Kanseigakuin University Ryu Gun, July 12, 2006, current position: Hitotsubashi University Kazuhiko Hayakawa, March 23, 2007, current position: Hiroshima University Takeshi Miyazaki, May 16, 2007, current position: Kyushu University Yessica, C.Y. Chung, March 23, 2009, current position: National Pingtung University of Science and Technology Kazuyasu Sakamoto, May 10, 2009, current position: Gunma University Takahiro Ito, March 2, 2010, current position: Kobe University Masato Nishiwaki, May 19, 2010, current position: Waseda University Taisuke Uchino, March 23, 2011, current position: Daito Bunka University Tetsushi Murao, April 27, 2012, current position: Kyushu University 4

5 Personal : Born and raised in Kyoto and lived in Chiba, Japan. Having lived, studied and worked in U.S.A., U.K. and France for ten years. Extensive travel in Europe and Asia. List of Publications in English: Doctoral Thesis: Household Saving and Bequest Behaviour : An Intertemporal Approach with Special Reference to Japan at University of Oxford, Articles and Contributions to Books: Public Policies and Household Saving in Japan in J.Poterba (ed), Public Policies and Household Saving, Chicago, University of Chicago Press, 1994 (with Takatoshi Ito). Household Saving Behavior in Japan in J.Poterba (ed), International Comparisons of Household Saving, Chicago: University of Chicago Press and NBER, 1994, pp (with Noriyuki Takayama). Consumer Behaviour in Japan under Financial Liberalization and Demographic Change, in M.Okabe (ed), The Structure of The Japanese Economy, London: Macmillan, 1995, pp (with Wataru Takahashi). Feldstein-Horioka Paradox Revisited Bank of Japan Monetary and Economic Studies, vol.13. no.1 (1995), pp (with Hiroshi Fujiki). Indexd Bonds and Monetary Policy: The Real Interest Rate and The Expected Rate of Inflation, Bank of Japan Monetary and Economic Studies, vol.15. no.1 (1997) Generational Accounting in Japan in A.Auerbach, L.Kotolikoff and W.Leibfritz (eds) Generational Accounting around the World, Chicago: The University of Chicago Press and NBER, 1999 (with Noriyuki Takayama and Hiroshi Yoshida). Risk Accumulation, Contagion and the Rules for Bank Failure in Proceedings of a 5

6 Joint Central Bank Research Conference on Risk Measurement and Systemic Risk, Bank of Japan, 1999, pp (with Shuji Kobayakawa). Lessons from Generational Accounting in Japan, American Economic Review, 1999, May, pp (with Noriyuki Takayama). Household Savings in Japan revisited, Research in Economics, 55(2), pp (with Noriyuki Takayama and Fumiko Arita). "Technical Assistance in Fiscal Policy and Tax Administration in Developing Countries: The State of Nature in Bangladesh"(with Tapan K. Sarker) Asia-Pacific Tax Bulletin,8(9),pp September 2002,International Bureau of Fiscal Documentation Household Saving and Wealth Distribution in Japan" (with Noriyuki Takayama and Fumiko Arita) in Axel Boersch-Supan (ed.) Life Cycle Savings and Public Policy, San Diego: Academic Press 2003, Chapter 5, pp "Reflections on the New Financial System in Japan: Participation Costs, Wealth Distribution, and Security Market-Based Intermediation" (with Megumi Suto and Juro Ternishi), in Joseph P.H. Fan, Masaharu Hanazaki and Juro Teranishi (eds) Designing Finanical Systems in East Asia and Japan, London: Routledge Curzon, 2004, Chapter 14, pp "The Egyptian Tax System and Investment Tax Incentives" (with Mahmond Abdellatif) Asia-Pacific Tax Bulletin, 10(3), pp , March 2004, International Bureau of Fiscal Documentation "The Big Mac Standard: A Statistical Illustration," (with Hiroshi Fujiki) Economics Bulletin, 6(13), pp.1-18, September 2, "Information Contents of Inflation Indexed Bond Prices: Evaluation of U.S. Treasury Inflation Protection Securities", Bank of Japan Monetary and Economic Studies, vol.22. no.3 (Oct. 2004) pp Marriage Behavior from the Perspective of Intergenerational Relationships, (with Kazuyasu Sakamoto) The Japanese Economy, 34(4), pp Winter

7 "The Pension System in Japan and Retirement Needs of the Japanese Elderly" (with Ngee-Choon, Chia and Albert K.C. Tsui), Ageing in Southeast and East Asia--Family, Social Protection and Policy Challenges, edited by Lee Hock Guan, Institute of Southeast Asian Studies, Singapore, 2008, pp How to Make the Japanese Public Pension System Reliable and Workable, (with Noriyuki Takayama), Asian Economic Policy Review, 4(1), pp , Marriage Promotion Policies and Regional Differences in Marriage, The Japanese Economy, Sping 2011, 38(1), pp Comment on "Who Faces Higher Prices? An Empirical Analysis Based on Japanese Homescan Data," Asian Economic Policy Revew, Vol.9, No.1, January 2014, pp Comment on "Asian Participation and Performance at the Olympic Games" Asian Economic Policy Revew, Vol.11, pp.91-92, 2016 International Conference Presentations "Can We Stabilize the Price of a Cryptocurrency?: Understanding the Design of Bitcoin and Its Potential to Compete with Central Bank Money," Singapore Economic Review Conference 2015, August 2-7, "Can We Stabilize the Price of a Cryptocurrency?: Understanding the Design of Bitcoin and Its Potential to Compete with Central Bank Money," The Ecology of Digital Assets: Identity, Trust & Data, MIT Media Lab, July 30-31, (with Mitsuru Iwamura) Marriage Behavior from the Perspective of Intergenerational Relationships, Comparative Study between Korea and Japan on Aging Trend, Economic Social Impact, and Policy Implications, August 29-30, 2013, Korea University, Korea. Statistical Analysis of Human Growth Pattern: Evidence from the Japanese Panel Data, The 2013 International Symposium on Analysis of Panel Data in Honor of Professor Cheng Hsiao for His Contributions to Panel Data Analysis and to WISE, June 7

8 8-9, 2013, Xiamen University, China. Dynamic Consumption Behavior: Evidence from Japanese Household Panel Data, Hitotsubashi Conference on Econometrics, November 24-25, 2007, Hitotsubashi University, Tokyo. Dynamic Consumption Behavior: Evidence from Japanese Household Panel Data, Singapore Economic Review Conference, August 4-6, 2005, Singapore. Dynamic Consumption Behavior: Evidence from Japanese Household Panel Data, 2004 Taipei Conference on Macroeconomics and Development, December 16-17, 2004, Institute of Economics, Academia Sinica, Taiwan. The Japanese Pension System and Retirement Needs of Japanese Elderly, Workshop on Aging and The Status of The Older Population in South East Asia, November 22-23, 2004, Institute of Southeast Asian Studies, Singapore. "Towards A New Architecture for the Japanese Financial System" presented in the International Conference, "Designing Financial Systems in East Asia and Japan-Toward a Twenty-First Century Paradigm," (Hitotsubashi University and IMF), September 2001 in Tokyo, Japan. (with Megumi Suto and Juro Teranishi) "An Econometric Analysis of Cohort Data from Household Savings in Japan", presented in Far Eastern Meeting of Econometric Society, July 2001 in Kobe, Japan. "Household Savings in Japan Revisited", (with Noriyuki Takayama and Fumiko Arita), The Joint TMR-ESF-SFB504 Conference on Savings, Pensions, and Portofolio Choice, Deidesheim, Germany, April 2000 "Lessons from Generational Accounting in Japan", Annual Meeting of American Economic Association, New York, January 1999 "Generational Accounting in Japan" presented at the Centre for Economic Policy Research workshop at London (LSE) in December 1996 "Feldstein-Horioka Paradox Revisited" presented at the Seventh World Congress of the 8

9 Econometric Society at Keio University, Tokyo in August 1995 "Tax Incentives and Personal Saving in Japan" presented at the NBER/OECD joint meeting at Paris in May 1994 "Household Saving Behavior in Japan", presented at the NBER meeting at Miami in March 1993 "Public Policies and Household Saving in Japan", presented at the NBER meeting at Boston in June 1992 "A Fiscal Policy Game with Overlapping Generations", presented at the 1987 Far Eastern Meeting of the Econometric Society at Aoyama Gakuin University in Tokyo on October,