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    - Professor Nobuhiro Kiyotaki
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Professor Nobuhiro Kiyotaki

Professor of Economics, London School of Economics and Political Science

Year Elected: 2003

A macroeconomic theorist, he has been engaged in the development of models which help understanding of the nature and scale of aggregate fluctuations. He has written on monopolistic competition and on the pure theory of money as a medium of exchange. His recent work has been to develop a unified theory of money and credit, exploring the two-way interactions between real activity and asset prices.