GCER Fellow Toshihiko Mukoyama receives the 2018 Nakahara Prize

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We are pleased to announce that one of our own, GCER Fellow Toshihiko Mukoyama, has been awarded the prestigious Nakahara Prize for 2018. The Nakahara prize is awarded annually by the Japanese Economic Association to the best Japanese economist under the age of 45.

Professor Mukoyama received the prize for his research on aggregate risks in labor markets. Incorporating frictions in both labor and asset markets, his model is able to disentangle labor market reactions in response to policy changes from individuals’ incentives to self-insure. The innovative methods developed by Professor Mukoyama can be used to evaluate more effectively the welfare consequences of unemployment insurance and other labor market policies. 

See https://en.wikipedia.org/wiki/Nakahara_Prize for more information about the Nakahara Prize and the list of past recipients. 

Congratulations, Toshi!