Professor
Fumio Hayashi
University of Tokyo
Economist; Educator
Area
Social and Behavioral Sciences
Specialty
Economics
Elected
2005
International Honorary Member
Contributed empirical work on a number of theoretical models: the 'q' theory of investment, the permanent income hypothesis, the role of liquidity constraints on consumption, altruism within families, and saving behavior. Work has highlighted the extent to which these classic models are consistent with the evidence.
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