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Okubo Lab
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A lab that analyzes uncertainty in economic models using macroeconomics and econometrics.
AboutAbout the lab
Quantitatively analyzing model uncertainty.
The Okubo Lab specializes in macroeconomics and econometrics.
In recent years, the lab has been working on research that quantitatively and econometrically analyzes model uncertainty in macroeconomic models.
The lab has also published a paper examining the effect of business cycles on economic welfare in relation to model uncertainty and economic development.
Key terms
- Econometrics
- A field that analyzes economic data with statistical methods and tests economic theories and hypotheses against data
- Model uncertainty
- The uncertainty that a mathematical model of the economy does not necessarily represent reality correctly
- Economic welfare
- An economic concept for measuring the degree of people's material well-being and satisfaction
ResearchResearch themes
The lab uses methods from macroeconomics and econometrics to empirically evaluate macroeconomic models. In particular, it works on the analysis of model uncertainty in macroeconomic models.
*Illustrative imageModel uncertainty and the cost of business cycles
The lab investigates the cost that economic fluctuations impose on people's economic welfare (the welfare cost) in relation to model uncertainty and economic development. This research quantitatively and econometrically analyzes macroeconomic models.
*Illustrative imageReexamining models of durable goods consumption
The lab reexamines the conditions (moment restrictions) that models of durable goods consumption must satisfy, under the assumption of recursive utility.
MembersFaculty
- Associate ProfessorMasakatsu Okubo
VoicesStudent voices
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Report an errorAbout the images
The top and research theme images are illustrative and were not taken at the lab. They are cropped from Wikimedia Commons images. Cropped CC BY-SA images are provided under the same CC BY-SA license as the original (version shown on each line).
- Top image: “New York Stock Exchange August 2017 02” Arild Vågen / CC BY-SA 4.0 (cropped)
- Model uncertainty and the cost of business cycles: “New York Stock Exchange Broad Street facade” Jakub Hałun / CC BY 4.0 (cropped)
- Reexamining models of durable goods consumption: “The appliances section of a Home Depot store in Blairsville, Ga” Harrison Keely / CC BY 4.0 (cropped)
- Related lab (原田研究室): “Teramachi Street 2022-04 ac (5)” Asturio Cantabrio / CC BY-SA 4.0 (cropped)
- Related lab (黒瀬研究室): “No Known Restrictions Trading Floor, New York Stock Exchange (Highsmith LOC) ( )” Carol M. Highsmith / Public domain (cropped)
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（小西 葉子） ): “Data Analysis ( )” IAEA Imagebank / CC BY 2.0 (cropped) - Related lab (サービス工学・実験経済学・計量経済学
（髙橋 裕紀） ): “Customer Service counter, Pimpama Railway Station, Old Pacific Highway, Gold Coast P1130327” John Robert McPherson / CC0 (cropped)
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