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Morita Lab
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A macroeconomics lab that investigates the channels through which the shocks that drive the business cycle propagate through the economy.
AboutAbout the lab
Uncovering how macroeconomic shocks propagate
The Morita Lab studies macroeconomics and time series analysis.
Using both theory and empirical analysis, the lab clarifies the channels through which the shocks that cause business fluctuations travel through the economy.
Associate Professor Morita has published papers on topics such as the relationship between the effects of fiscal policy and population aging and, as a co-author, the impact of uncertainty about the future on the economy.
Associate Professor Morita has also written a book on macroeconomic analysis using time series methods, and has made the programs used in that analysis publicly available on a website.
Key terms
- Macroeconomics
- The study of how the economy works, based on movements in a country's overall output, prices, employment, and so on
- Time series analysis
- A statistical method for examining the regularities in change, and their causes, using data collected over time
- Fiscal policy
- Policy by which the government influences the economy by changing how it collects taxes and how it spends, such as on public investment
NewsLab news
View More ↗ResearchResearch themes
The lab aims to clarify, through both theory and empirical analysis, how the structural shocks that cause business cycle fluctuations propagate through the economy. Specializing in macroeconomics and time series analysis, the lab also studies structural change in the economy.
*Illustrative imageUncertainty about the Future and the Economy
When the future is unclear, households and firms cut back on spending. The lab builds an indicator of uncertainty during the COVID-19 pandemic from newspaper articles, and analyzes how rising uncertainty affects the economy and how communications from the Bank of Japan are transmitted to the market.
*Illustrative imageHow Effective Is Fiscal Policy?
When the government spends money, how much does the economy as a whole grow? The lab estimates the effect of fiscal spending while taking into account Japan's situation, in which interest rates are stuck near zero, and also examines how much public capital raises output.
MembersFaculty
- Associate ProfessorHiroshi MoritaPublications ↗
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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: “Sunset in Shinjuku” Ville Miettinen from Helsinki, Finland / CC BY 2.0 (cropped)
- Uncertainty about the Future and the Economy: “Bank of Japan building (79799)” Syced / CC0 (cropped)
- How Effective Is Fiscal Policy?: “National Diet Building” Kakidai / CC BY-SA 4.0 (cropped)
- Related lab (地球環境研究室): “Blue Marble Eastern Hemisphere” NASA（Reto Stöckli） / Public domain (cropped)
- Related lab (井上・木村研究室
（ファイナンス・ 企業統治システム研究室） ): “Marunouchi sunset ( )” Raita Futo / CC BY 2.0 (cropped) - Related lab (大和研究室): “Crosby Garrett Helmet on auction at Christies” Portable Antiquities Scheme from London, England / CC BY 2.0 (cropped)
- Related lab (福田研究室): “Chess pieces close up” Aaaatu / CC BY-SA 4.0 (cropped)
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