Chihiro SHIMIZU
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CURRICULUM VITAE

Chihiro Shimizu
CURRENT ADDRESS in Japan:

2-1-1, Hikarigaoka, Kashiwa-shi, Chiba., Japan 277-8686
Professor of The Faculty of Economics, Reitaku University.
Phone: +81-(0)4-7173-3439(Laboratory)
Fax : +81-(0)4-7173-1100(Office)
E-mail: cshimizu@reitaku-u.ac.jp


CURRENT ADDRESS in Canada:

2329 West Mall, Vancouver, B.C., Canada V6T 1Z4
Visiting Professor of The Department of Economics,The University of British Columbia.
Phone: +1-(604)-266-7300(Laboratory)
Fax : +1-(604)-822-5915(Office)
E-mail: cshimizu@reitaku-u.ac.jp


Fields of Interest

Index Theory, Applied Econometrics, Asset Pricing, Real Estate Finance & Economics, Public Economics & Policy
DATE OF BIRTH
May 28, 1967(Gifu,Oogaki)

CITIZENSHIP
Japan



EDUCATION
INSTITUTION (DEGREE))
University of Tokyo,(PhD)
Tokyo Institute of Technology, (Doctorial Course)
Nihon University,(MS.Economics)
Nihon University,(BA.Economics)



PROFESSIONAL EXPERIENCE
ACADEMIC POSITIONS:
Present;
  • 2011-present Professor of The International School of Economics and Business Administration, Reitaku University(Japan).
  • 2011-2013 Visiting Professor of The Department of Economics, University of British Columbia(Canada).
  • 2011-present Visiting Professor of The Department of Real Estate and Construction, The University of Hong Kong(China).
  • 2011-present Visiting Professor, National Graduate Institute for Policy Studies(Japan).
  • 2008-present Visiting Research Fellow of the Center for Spatial Information Science, The University of Tokyo(Japan).

Past;
  • 2005-2010 Associate Professor of The International School of Economics and Business Administration, Reitaku University(Japan).
  • 2007-2010 Visiting Associate Professor, National Graduate Institute for Policy Studies(Japan)
  • 2007-2010 Visiting Associate Professor of the Economic Research Institute, Hitotsubashi University (Japan).
  • 2007-2008 Visiting Associate Professor of the Center for Spatial Information , The University of Tokyo(Japan).
  • 2004-2006 Visiting Lecturer of the Graduate School of Finance, Accounting and Law, Waseda University(Japan).
NON ACADEMIC:

Past;
  • 2000-2005 Chief Research Fellow, Recruit Housing Institute.
  • 1992-2000 Research Fellow, Japan Real Estate Institute.


Qualification:
GOVERNMENT
Present;
  • 2010-present Chairman, Real Estate Price Index Project, Ministry of Land, Infrastructure, Transport and Tourism.
  • 2010-present Advisory Group Member, City Planning(Advisory Committee to Minister of Land, Infrastructure, Transport and Tourism).

Past;
  • 2010-2011 Member, Research Council on Green property, Ministry of Land, Infrastructure, Transport and Tourism.
  • 2007-2009 Advisory Group Member, Statistics Committee, Cabinet Office, Government of Japan.
  • 2008- Chairman, Research Council on Financing of real estate and urban development, Ministry of Land, Infrastructure, Transport and Tourism.
  • 2006-2011 Advisory Group Member & Vice Chairman, Investment Real Estate Investment Appraisal System (Advisory Committee to Minister of Land, Infrastructure, Transport and Tourism).
  • 2008-2010 Member & Vice Chairman, Research Council on Real Estate Price and Rent Database, Ministry of Land, Infrastructure, Transport and Tourism.
  • 2008-2009 Member, Research Council on Public Real Estate, Ministry of Land, Infrastructure, Transport and Tourism.
  • 2008-2009 Member, Research Council on Transaction Price Information, Ministry of Land, Infrastructure, Transport and Tourism.
  • 2007-2008 Member, Research Council on Corporate Real Estate, Ministry of Land, Infrastructure, Transport and Tourism.
  • 2008 Member, Research Council on Real Estate Investments, Ministry of Land, Infrastructure, Transport and Tourism.
  • 2006 Advisory Group Member & Vice Chairman, Securitization of Public Real Estate, Advisory Committee to Minister of Finance.
  • 2005-2007 Advisory Group Members, Real Estate Investment System (Advisory Committee to Minister of Land, Infrastructure, Transport and Tourism).
PROFESSIONAL ORGANIZATIONS
  • Japanese Economic Association
  • Japan Association of Urban Housing Science
  • City Planning Institute of Japan
  • Japan Association of Property Assessment Policy
  • Japan Real Estate Association
  • Japan Association for Planning Administration
  • The International Sociological Association (ISA)
  • European Real Estate Society
  • American Real Estate and Urban Economic Association
  • Asian Real Estate Society



PUBLICATIONS
BOOKS(in Japanese)
  • Kigyou Fudousan Senryaku(Corporate Real Estate Strategy: The Financial Crisis and Changing Deceptive Investors-Oriented Market), Reitaku University Publishing(2009).377pages Japanese,(co-editor with Iwao Taka).
  • Fudousan shijou no keiryoukeizaibunseki(Econometric Analysis of Real Estate Market), Asakurashoten(2008): 175pages Japanese (co-authored with Kouji Karato).
  • Fudousan shijou bunseki(Real Estate Market Analysis). Jutakushinpousha(2004): 376pages Japanese.
  • Fudousan shijou no keizaibunseki(Economics Analysis of Real Estate Market), Nihon-keizai Shimbunsha(2002): 386pages Japanese (co-authored with Kiyohiko G.Nishimura).
  • Fudousan shijou no keizaibunseki(Economics Analysis of Real Estate Market), Nihon-keizai Shimbunsha(2002): 386pages Japanese (co-authored with Kiyohiko G.Nishimura)


Article in refereed Journals(in English).

  • Shimizu,C, K.G.Nishimura and T.Watanabe(2010), "House Prices in Tokyo - A Comparison of Repeat-sales and Hedonic measures-,"Journal of Economics and Statistics,Vol.230(6), pp.792-813/ Paper.
  • Shimizu, C, H.Takatsuji, H.Ono and K. G. Nishimura(2010), “Structural and Temporal Changes in the Housing Market and Hedonic Housing Price Indices,”International Journal of Housing Markets and Analysis,Vol.3 Issue 4,pp.351-368./Paper.
  • Shimizu,C and K.Karato(2010), “Estimation of Redevelopment Probability using Panel Data-Asset Bubble Burst and Office Market in Tokyo-,” Journal of Property Investment and Finance, Vol.28, No.4, pp.285-300./Paper.
  • Shimizu,C, K.G.Nishimura and T.Watanabe(2010), “Residential Rents and Price Rigidity: Micro Structure and Macro Consequences,”Journal of Japanese and International Economy,Vol.24, pp282-299./Paper
  • Shimizu, C. and K.G.Nishimura, (2007), "Pricing structure in Tokyo metropolitan land markets and its structural changes: pre-bubble, bubble, and post-bubble periods" Journal of Real EstateFinance and Economics, Vol.35 (4), pp.475-496./Paper
  • Shimizu, C. and K.G.Nishimura, (2006),"Biases in Appraisal Land Price Information: The Case of Japan",Journal of Property Investment and Finance, Vol.26, No.2, pp.150-175./Paper
  • Shimizu, C., K.G.Nishimura and Y.Asami, (2004), "Search and Vacancy Costs in the Tokyo Housing Market: An Attempt to Measure Social Costs of Imperfect Information",Review of Urban &Regional Development Studies, Vol.16, No.3, pp.210-230./Paper


Other Article(in English) :Current Research Interests


  • Shimizu,C, W.E.Diewert, K.G.Nishimura and T.Watanabe(2012), “The Estimation of Owner Occupied Housing Indexes using the RPPI: The Case of Tokyo,”Meeting of the Group of Experts on Consumer Price Indices Geneva, 30 May - 1 June 2012(UNITED NATIONS)./Paper
  • Shimizu,C, W.E.Diewert, K.G.Nishimura and T.Watanabe(2012), “Commercial Property Price Indexes for Tokyo－Transaction-Based Index, Appraisal-Based Index and Present Value Index－,”International Conference on Commercial Property Price Indicators on 10-11 May 2012,the European Central Bank in Frankfurt./Paper
  • Shimizu,C, K.G.Nishimura and T.Watanabe(2012), “Biases in commercial appraisal-based property price indexes in Tokyo-Lessons from Japanese experience in Bubble period,”International Conference on Commercial Property Price Indicators on 10-11 May 2012,the European Central Bank in Frankfurt./Paper
  • Shimizu,C, K.G.Nishimura and T.Watanabe(2012), “House Prices from Magazines, Realtors, and the Land Registry,”in Property Market and Financial Stability, BIS Papers No.64, Bank of International Settlements, March 2012, pp.29-38./Paper
  • Takaaki Ohnishi, Takayuki Mizuno, Chihiro Shimizu, Tsutomu Watanabe,(2011), “Power Laws in Real Estate Prices During Bubble Periods,”Center for Advanced Research in Finance Working Paper(The University of Tokyo), CARF-F-263./Paper
  • Shimizu,C, K.G.Nishimura and T.Watanabe(2011), “House Prices at Different Stages in Buying/Selling Process ,” Hitotsubashi University Research Center for Price Dynamics Working Paper Working Paper,No.69/Paper
  • Karato,K, O.Movshuk and C. Shimizu(2010), “Semiparametric Estimation of Time, Age and Cohort Effects in An Hedonic Model of House Prices,”Faculty of Economics,University of Toyama, Working Paper No. 256./Paper
  • Shimizu,C and T.Watanabe(2010), “Housing Bubble in Japan and the United States,” Hitotsubashi University Research Center for Price Dynamics Working Paper,No.50. Public Policy Review Vol.6, No.2,pp.431-472./Paper
  • Ohnishi,T, T. Mizuno, C. Shimizu and T. Watanabe(2010),“On the Evolution of the House Price Distribution” Hitotsubashi University Research Center for Price Dynamics Working Paper,No.61./Paper
  • Shimizu,C(2010), “Will green buildings be appropriately valued by the market?,”RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper,No.40./Paper
  • Shimizu,C(2010), “What have we learned from the real estate bubble?,”RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper, No.35./Paper
  • Shimizu,C(2009), "Investment Characteristics of Housing Market -Focusing on the stickiness of housing rent-,"RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper, No.34./Paper
  • Shimizu, C., (2008), "Estimation of hedonic housing price equation with neighborhood variables- Correspondence to omitted variable bias-",CSIS Discussion Paper: (The University of Tokyo), No.88. /Paper
  • Shimizu, C., K.G.Nishimura and K.Karato, (2007), "Nonlinearity of Housing Price Structure - Secondhand Condominium Market in Tokyo Metropolitan Area-",CSIS Discussion Paper: (The University of Tokyo), No.86. /Paper
  • Shimizu, C., H.Takatsuji, H.Ono and K.G.Nishimura, (2007), "Change in house price structure with time and housing price index",RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper, No.25./Paper
  • Shimizu, and H.Ono, (2006), “Incorporting Land Characteristics into Land Valuation for Reconstruction Areas”, RIPESS (Reitaku Institute of Political Economics and Social Studies) Working Paper, No.20./Paper
  • Shimizu,C(2003) , “Measuring the Cost of Imperfect Information in the Tokyo Housing Market,”Center of International Research on the Japanese Economy Discussion Paper(University of Tokyo),No.238././Paper
  • Nishimura,K.G and C.Shimizu(2003) , “Distortion in Land Price Information―Mechanism in Sales Comparables and Appraisal Value Relation―,”Center of International Research on the Japanese Economy Discussion Paper(University of Tokyo) ,No.195./Paper


  • Presentation(in English)

  • 8/20-22,2012 ZEMCH2012, International Conference(Glasgow, UK)
    Presentation Title: Will green buildings be appropriately valued by the market?
    -Paper
    -Presentation
  • 5/31-6/1,2012　United Nations Economic Commission, Meeting of the Group of Experts on Consumer Price Indices,2012(Geneva, Switzerland)
    Presentation Title: The Estimation of Owner Occupied Housing Indexes using the RPPI: The Case of Tokyo
    -Paper
    -Presentation
  • 5/10-11,2012　International Conference on Commercial Property Price Indicators(Eurostat, ECB, IMF and BIS, OECD)2012(Frankfurt, Germany)/ Agenda
    Presentation Title:Biases in commercial Property Price Indexes
    -Presentation
    Paper01:Biases in commercial appraisal-based property price indexes-Lessons from Japanese experience in Bubble period-
    -Paper
    Paper02: Commercial Property Price Indexes for Tokyo－Transaction-Based Index, Appraisal-Based Index and Present Value Index－
    -Paper
Awards and Grants:
  • 2011 Academic Paper Award, Association of Property Assessment Policy,Japan.
  • 2010 Academic Paper Award, Japan Association for Planning Administration.
  • 2010 Academic Paper Award, Association of Property Assessment Policy,Japan.
  • 2008-2010 Grant-in-Aid for Scientific Research (C, #20530210, joint with J. Yoshida, K. Karato, and H. Sato), "Dynamic changes in urban spatial structure with heterogeneous firms and households,"Japan Society for the Promotion of Science.
  • 2007-2011 Grant-in-Aid for Scientific Research (joint with T.Watanabe,"Understanding Inflation Dynamics of the Japanese Economy,"Japan Society for the Promotion of Science.
  • 2005-2009 Grant-in-Aid for Scientific Research (joint with Y.Asami), "Real Estate Information System,"Japan Society for the Promotion of Science.
  • 2002 Academic Book Award(with K.G.Nishimura), Japan Real Estate Association.
  • 1998 Academic Paper Award, Japan Association for Planning Administration.

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