David E. Weinstein
Carl S. Shoup Professor of the Japanese Economy, Columbia University
Associate Director for Research, Center on Japanese Economy and Business

Office: 1130A Int'l Affairs Building
Telephone: (212) 854-6880
Email: dew35@columbia.edu

Mailing Address:
Economics Department
Columbia University
420 West 118th Street, MC 3308
New York, NY 10027


 

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                                                                                                             David E. Weinstein

 

                                                                                                                Curriculum Vitae

                                                                                                                (November 2015)

Download PDF version here.

 

 

ADDRESS:

Dept. of Economics

Columbia University

420 W. 118th Street, MC 3308

New York, NY 10027

 

E-MAIL:                                 dew35@columbia.edu

 

TELEPHONE/FAX:              (212) 854-5524 / (212) 854-8059

 

CITIZENSHIP:                     United States of America

 

CURRENT POSITION(s):

Carl Sumner Shoup Professor of the Japanese Economy, Columbia University (1999- )

 

Director for Research, Center for Japanese Economy and Business, Graduate School of Business, Columbia University (2001- )

 

Co-Director of the Japan Project and Research Associate, National Bureau of Economic Research (2000- , Faculty Research Fellow 1997-1999)

 

Member, Federal Economic Statistics Advisory Committee (2015-

 

Member, Council on Foreign Relations (2002-

 

EDUCATION:                       Ph.D., Economics, The University of Michigan, 1991

M.A., Economics, The University of Michigan, 1988

B.A., Economics, Yale University, 1985

 

SPECIALIZATION:             Research Interests: Japanese Economy, International Trade, Corporate Finance, Industrial Policy        

                                                Teaching Interests: International Economics, Japanese Economy


FELLOWSHIPS, AWARDS, AND EDITORIAL POSITIONS:

 

Bank of International Settlements Research Fellowship 2014

ÒPrices in Space and TimeÓ National Science Foundation, (Grant SES-1127493, 2011-14)

Google Research Award, ÒInternet Prices and Price IndexesÓ (2011)

Institute for New Economic Thinking Grant, ÒIn Search of the Financial AcceleratorÓ 2010

Editorial Board Journal of Economic Structures 2011-

Editorial Board Journal of Economic Analysis & Policy 2010-

Editorial Advisory Council of the Pacific Economic Review 2008-

 ÒGeography, Trade, and Prices,Ó National Science Foundation Grant SES-0820536, with Christian Broda (2008-2011)

Editorial Board: Spatial Economic Analysis 2006-

ÒThe Impact of New Varieties on Domestic and International Prices,Ó National Science Foundation Grant, with Christian Broda (2005-2008)

Keynote Speaker, Regional Science Association Meetings, 2003

ÒA New Approach to Bilateral Trade Patterns and Balances,Ó National Science Foundation Grant SES-0214378, with Donald Davis (2002-2005)

Associate Editor, Journal of International Economics (1999-2005)

American Advisory Committee, The Japan Foundation (1998-2002)

ÒWhy Do Countries Trade? Analytical and Empirical Inquiries,Ó National Science Foundation Grant SBR-9810180, with Donald Davis (1998-2001)

Japan Society for the Promotion of Science Fellowship 2000

Nominated for Best Teaching at BBA level, 1999

NTT Fellowship, 1997-1998

Editor, Journal of the Japanese and International Economies, 1997-2005 (Associate Editor 1996-1997)

Editorial Council, Review of International Economics, 1997-

Nomura Kikin (Nomura Fund Fellowship), 1996

Nihon Shoken Kenkyu Shorai Zaidan (Japan Securities Research Promotion Foundation Fellowship), 1996

Social Science Research Council Japan Advanced Research Grant, 1995/6

Zengin Foundation for Finance and Economics Fellowship, 1993

Abe Fellowship, 1992-1993

Japan Foundation Dissertation Fellowship, 1990


The University of Michigan:

 

John E. Parker Memorial Prize in Labor Economics, 1991

Rackham Pre-Doctoral Fellowship, 1990-91

Committee for Japanese Economic Studies Fellowship, 1988-89

University Fellowship, Winter Term, 1989

Regents Fellowship, 1986-1988

 

Yale University:

Distinction in Economics

Cum Laude

 

PREVIOUS POSITIONS:

 

            Chair, Department of Economics, Columbia University (2012-2015)

 

Executive Director, Program for Economic Research, Department of Economics, Columbia University (2009-2012)

 

            Vice-Chair, Department of Economics, Columbia (2003-7)

 

            Consultant, The Federal Reserve Bank of San Francisco (2006)

 

            Consultant, The Federal Reserve Bank of New York (1999-2000, 2003-5, 2008)

 

Visiting Scholar, European Institute for Japanese Studies, Stockholm School of Economics, Summer 2003

 

Senior Economist, The Federal Reserve Bank of New York (2002-2003)

 

Consultant, Federal Reserve Bank Board of Governors (2000, 2004)

 

Sanford R. Robertson Associate Professor of Business Administration (1998-1999)

Associate Professor of International Business (1996-9) Research Professor in Japanese Business (1996-9), The University of Michigan Business School

 

Associate Professor of Economics, Department of Economics, Harvard University (1995-7, Assistant since 1991)

 

Visiting Scholar, Institute for Fiscal and Monetary Studies. The Ministry of Finance, Japan.  (Summer 1995)

 

Visiting Scholar, Faculty of Economics, The University of Tokyo (1992-1993).

 

Research Fellow, Ministry of International Trade and Industry, Research Institute of International Trade and Industry (MITI/RI), Japan.  Summer 1987, Summer 1988, March-September 1990.

 

Junior Economist, Council of Economic Advisors. 1989-1990.

 

Sales Coordinator, Sony Corporation (Japan).  June 1985-June 1986.  

 

 

BOOKS:

 

Hamada, Koichi, Anil K. Kashyap, and David E. Weinstein eds., JapanÕs Bubble, Deflation, and Long-Term Stagnation, MIT Press 2010. Research Supported by the Cabinet Office, Government of Japan

 

Prices, Poverty, and Inequality, with Christian Broda. Washington: AEI Press 2008. Research supported by the American Enterprise Institute.

 

Ito, Takatoshi, Hugh T. Patrick, and David E. Weinstein, eds. Reviving JapanÕs Economy: Problems and Prescriptions, Cambridge: MIT Press, 2005. Translated into Japanese as Posuto Heisei Fukyo no Nihon Keizai: Seisaku Shiko Apurochi ni Yoru Bunseki, Nihon Keizai Shippunsha, 2005.

 

 

ARTICLES:

 

ÒQuantifying the Sources of Firm Heterogeneity,Ó with Colin Hottman and Stephen Redding, The Quarterly Journal of Economics, forthcoming.

 

ÒGlobalization, Markups, and U.S. Welfare,Ó with Robert C. Feenstra, The Journal of Political Economy, forthcoming.

 

 ÒGoods Prices and Availability in Cities,Ó with Jessie Handbury, The Review of Economic Studies, 82(1), 2015, 258-296.

 

ÒExports and Financial Shocks,Ó with Mary Amiti, The Quarterly Journal of Economics, (November 2011) 126, 1841–1877.

 

Review of Product Variety and the Gains from International Trade, Journal of Economic Literature, Vol XLIX, September 2011, pp. 25-28.

 

 ÒTrade Finance and the Great Trade Collapse,Ó with JaeBin Ahn and Mary Amiti, The American Economic Review Papers and Proceedings, Vol. 101, iss. 3, May 2011, pp. 298-302.

 ÒProduct Creation and Destruction: Evidence and Price Implications,Ó with Christian Broda, The American Economic Review, Vol. 100, June 2010, pp. 691-723.

 

ÒThe Role of Prices in Measuring the PoorÕs Living Standards,Ó with Christian Broda and Ephraim Leibtag, Journal of Economic Perspectives, Vol. 23, No. 2, Spring 2009, pp. 77-97.

 

 ÒExporting Deflation? Chinese Exports and Japanese Prices,Ó with Christian Broda. In Feenstra, Robert C. and Shang-Jin Wei eds. China's Growing Role in World Trade, University of Chicago Press, 2010.

 

 ÒOptimal Tariffs and Market Power: The Evidence,Ó with Christian Broda and Nuno Limao. The American Economic Review, 98(5) December 2008: 2032–65.

 

ÒDo Factor Endowments Matter for North-North Trade?,Ó with Donald R. Davis (2008). In Marjit, Sugata and Eden Yu eds. Contemporary and Emerging Issues in Trade Theory and Policy Emerald Group Publishing Limited.

 

"Defining Price Stability in Japan: A View from America," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 25(S1), pages 29-56, December 2007, with Christian Broda. Research supported by Bank of Japan.

 

 ÒA Search for Multiple Equilibria in Urban Industrial Structure,Ó with Donald Davis, Journal of Regional Science, Vol. 48, 1, 2008, pp. 29–65. [Featured in Wall Street Journal article ÒOne Year After the Attacks, New York is Bouncing Back,Ó September 9, 2002.]

 

 ÒHow Bad is Deflation in JapanÓ with Christian Broda, Vox, 2007

 http://www.voxeu.org/index.php?q=node/624.

 

ÒGlobalization and the Gains from Variety,Ó with Christian Broda, Quarterly Journal of Economics, Vol. 121, Issue 2 - May 2006, pp. 541-585. [Featured in The New York Times article ÒEconomic SceneÓ by Virginia Postrel, June 17, 2004, The Atlantic Monthly.

 

ÒAre We Underestimating the Gains from Globalization for the United States?,Ó with Christian Broda, Federal Reserve Bank of New York Current Issues in Economics and Finance, Vol. 11, 4, April 2005.

 

ÒHappy News from the Dismal Science: Reassessing Japanese Fiscal Policy and Sustainability,Ó with Christian Broda, in Ito, Takatoshi, Hugh T. Patrick, and David E. Weinstein, eds. Reviving JapanÕs Economy: Problems and Prescriptions, Cambridge: MIT Press, 2005. [Featured in ÒA Price Worth Paying?Ó Economics Focus section, The Economist, June 26, 2004; ÒMaybe Japan's Bond Market Does Make Sense,Ó Bloomberg News, July 1, 2004 by William Pesek Jr.; Nihon Keizai Shimbun, ÒHikanron no Naka no Akarui Shosu IkenÓ August 24, 2004; Nihon Keizai Shimbun, ÒÔMiraiÕ ni Sikumu NihonÓ, by Kiyohiko Nishimura (Deputy Governor of the BOJ), March 27, 2005.]

 

 ÒNihon no Zaisei Jotai wa Honto ni Shinkoku na no ka?Ó [Is JapanÕs Fiscal Situation Really in Crisis?Ó, with Christian Broda, Shukan Ekonomisuto [Weekly Economist], January 4, 2005, p. 35.

 

 ÒVariety Growth and World Welfare,Ó with Christian Broda, American Economic Review, May, (2004) 94(2), pp. 139-145.

 

 ÒWhy Countries Trade: Insights from Firm-Level Data,Ó with Donald R. Davis, The Journal of the Japanese and International Economies, 17 (2003), pp. 432-447.

 

 ÒDoes Tokyo Matter? Increasing Returns and Regional Productivity,Ó with Donald Davis, NBER Working Paper 8518, October 2001, forthcoming in Kanbur, Ravi and Anthony Venables eds. Spatial Inequality and Development, Oxford: Oxford University Press.

 

 ÒThe Factor Content of Trade,Ó with Donald R. Davis, in Choi, E. Kwan and James R. Harrigan ed. Handbook of International Trade, Basil Blackwell, (2003), pp. 119-146.

 

 ÒMarket Access, Economic Geography, and Comparative Advantage: An Empirical Assessment,Ó with Donald Davis, Journal of International Economics [Lead Article], January 59 (1), (2003) pp. 1-23.

 

ÒBones, Bombs, and Break Points: The Geography of Economic Activity,Ó with Donald Davis, American Economic Review [Lead Article], December 2002, pp. 1269-1289. [Also featured in Paul KrugmanÕs column, ÒAn Injured City,Ó New York Times, October 3, 2001, and Business Week, ÒThe Center Must Hold,Ó October 22, 2001]

 

ÒWhat Role for Empirics in International Trade?Ó with Donald R. Davis, in Findlay, Ronald, Lars Jonung, and Mats Lundahl eds., Bertil Ohlin: A Centennial Celebration (1899-1999), MIT Press, 2002, pp. 363-387. Reprinted in Aussenwirtschaft, 57, Heft IV, (2002) pp. 1-27.

 

 ÒThe Mystery of the Excess Trade (Balances),Ó with Donald R. Davis, American Economic Review, May 2002.

 

ÒDo Endowments Determine the Location of Production? Evidence from National and International Data,Ó with Jeffrey Bernstein, Journal of International Economics, 56(1), February 2002, pp. 55-76.

 

ÒTrade and Growth: Import-Led or Export-Led: Evidence from Japan and Korea,Ó with Robert Lawrence in Stiglitz, Joseph E. and Shahid Yusuf eds., Rethinking the East Asia Miracle, Oxford University Press, 2001.

 

 ÒEvaluating Administrative Guidance and Cartels in Japan,Ó in Milhaupt, Curtis J., J. Mark Ramseyer, and Michael K. Young eds. Japanese Law in Context: Readings in Society, the Economy, and Politics, Harvard University Asia Center, 2001.

 

ÒAn Account of Global Factor Trade,Ó with Donald Davis, American Economic Review, 91, 5, pp. 1423-54, December 2001.

 

 ÒHistorical, Structural, and Macroeconomic Perspectives on the Japanese Economic Crisis,Ó in Blomstrom, M., Gangnes, B., and S. La Croix ed. Japan's New Economy: Continuity and Change in the Twenty-First Century, Oxford University Press, 2001.

 

 ÒInternational Trade as an ÔIntegrated Equilibrium:Õ New Perspectives,Ó with Donald Davis, American Economic Review, May 2000.

 

 ÒMain Banks, Creditor Concentration and the Resolution of Financial Distress in Japan,Ó with Brian Hall in Aoki, M. and G. Saxonhouse eds. Finance, Development and Competition in Japan: Essays in honor of Hugh Patrick Oxford: Oxford University Press, 2000.

 

 ÒEconomic Geography and Regional Production Structure: An Empirical InvestigationÓ with Donald Davis, European Economic Review, 43, 2, pp. 379-407, 1999. Reprinted in Cheshire, Paul C. and Dr Gilles Duranton eds., The International Library of Critical Writings in Economics: Recent Developments in Urban and Regional Economics, Cheltenham: Edgar Elgar, 2004.

 

 ÒOn the Costs of a Bank Centered Financial System: Evidence from the Changing Main Bank Relations in Japan,Ó with Yishay Yafeh. Journal of Finance, pp. 635-672, April, 1998.

 

ÒBank Versus Market Based Financial Systems: Evidence from Financial Distress in Japan and the US,Ó with Brian Hall, in Bank Structure and Competition, Federal Reserve Bank of Chicago, 1997.

 

ÒUsing International and Japanese Regional Data to Determine when the Factor Abundance of Theory of Trade Works,Ó with Donald Davis, Scott Bradford and Kazushige Shimpo. American Economic Review, June 1997.

 

 ÒFDI and Keiretsu: Rethinking US and Japanese Policy,Ó in Feenstra, R. ed., Effects of U.S. Trade Protection and Promotion Policies, Chicago: University of Chicago Press, 1997.

 

ÒGrowth, Economies of Scale, and Targeting in Japan (1955-1990),Ó with Richard Beason. Review of Economics and Statistics, 78, pp. 286-5, May 1996.

 

 ÒStructural Impediments to Foreign Direct Investment in Japan: What Have We Learned over the Last 450 Years?Ó in Foreign Direct Investment in Japan, edited by E. Graham and M. Yoshitomi, Brookfield: Edward Elgar, 1996.

 

ÒEmpirical Tests of the Factor Abundance Theory: What do They Tell Us?Ó with Donald Davis, Eastern Economic Journal, 22 (4), Summer 1996.

 

 ÒJapan and the Asian Economies: A ÔMiracleÕ in Transition,Ó Brookings Papers on Economic Activity, 2, 1996, pp.261-7.

 

 ÒAPECÕs Liberalization Agenda and the WTO System: JapanÕs Role and PrioritiesÓ in Rich, Robert G. Ed. The Emerging WTO System and Perspectives from East Asia, Korea Economic Institute of America, pp. 208-211, 1996.

 

 ÒRetaliatory Mechanisms for Eliminating Trade Barriers: Aggressive Unilateralism vs. GATT Cooperation,Ó with Kathryn E. Spier, in Chang W. and S. Katayama eds., Imperfect Competition in International Trade, Boston: Kluwer Academic Publishers, 1995.

 

 ÒJapanÕs Corporate Groups: Collusive or Competitive?  An Empirical Investigation of Keiretsu BehaviorÓ with Yishay Yafeh, Journal of Industrial Economics, 43, December 1995.

 

 ÒEvaluating Administrative Guidance and Cartels in Japan, 1957-1988Ó Journal of the Japanese and International Economies, 9, pp. 200-23, 1995.

 

ÒRegionalism and Rivalry: Japan and the United States in Pacific Asia,Ó Journal of Economic Literature, 33, pp. 846-8, 1995.

 

ÒThe MITI Myth: Central Planning Fails in Japan,Ó The American Enterprise, 6: 4 July/August 1995 pp. 84-86, with Richard Beason.

 

 ÒUnited We Stand: Enterprise Unions and Firms in Japan,Ó Journal of the Japanese and International Economies, 8, pp. 53-71, 1994.

 

 ÒInternational Adjustment and the Japanese Firm,Ó The Journal of the Japanese and International Economies, 8, pp. 353-7, 1994.

 

ÒCompetition and Unilateral Dumping,Ó Journal of International Economics, 32, pp. 379-87, 1992. )

 

 

WORKING PAPERS:

 

 ÒHow Much do Official Price Indexes Tell Us about Inflation?Ó with Jessie Handbury and Tsutomu Watanabe, NBER Working Paper 19504, October 2013.

 

ÒHow Much do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Data,Ó with Mary Amiti, NBER Working Paper 18890, March 2013.

 

ÒEvaluating the Economic Response to JapanÕs Earthquake,Ó with Molly Schnell, RIETI Policy Discussion Paper Series 12-P-003 2012. Research supported by Research Institute of Economy, Trade, and Industry

 

ÒUnderstanding International Price Differences Using Barcode Data,Ó with Christian Broda, NBER Working Paper #14017, May 2008.

 

 ÒFrom Groundnuts to Globalization: A Structural Estimate of Trade and Growth,Ó with Christian Broda, NBER Working Paper 12512, September 2006.

 

ÒTechnological Superiority and the Losses from Migration,Ó with Donald Davis, NBER

Working Paper 8971, June 2002. [Featured in ÒA Price Worth Paying?Ó Economics Focus section, The Economist, May 30, 2002.]

 

OUTSIDE PROFESSIONAL ACTIVITIES

 

Honoraria Received

            Research Institute of Economy, Trade and Industry

            Cabinet Office, the Government of Japan

            Bank of Japan