Fumio Hayashi (林 文夫, Hayashi Fumio, born 18 April 1952) is a Japanese economist. He is a professor at the National Graduate Institute for Policy Studies (GRIPS) in Tokyo.^[1]

Hayashi received his Bachelor of Arts from the University of Tokyo and his PhD from Harvard University in 1980.^[2] He has taught at Northwestern University, the University of Tokyo, the University of Tsukuba, Osaka University, the University of Pennsylvania, Columbia University, Hitotsubashi University, and the University of Chicago.^[2]

Hayashi is the author of a standard graduate-level textbook on econometrics (Hayashi 2000).

He was a Fellow of the Econometric Society since 1988.^[3] He was awarded the inaugural Nakahara Prize in 1995.^[4] He was elected as foreign honorary member of the American Academy of Arts and Sciences in 2005^[5] and the American Economic Association in 2020.^[6]

Selected publications

Books

• Hayashi, Fumio (2000). Econometrics. Princeton, NJ: Princeton Univ. Press. ISBN 978-0-691-01018-2.
• Hayashi, Fumio (1997). Understanding Saving: Evidence from the United States and Japan. MIT Press. ISBN 978-0-262-08255-6.

Journal articles

• Hayashi, Fumio (1982). "Tobin's Marginal q and Average q: A Neoclassical Interpretation" (PDF). Econometrica. 50 (1): 213–224. doi:10.2307/1912538. JSTOR 1912538.
• Altonji, Joseph G.; Hayashi, Fumio; Kotlikoff, Laurence J. (1997). "Parental Altruism and Inter Vivos Transfers: Theory and Evidence" (PDF). Journal of Political Economy. 105 (6): 1121–1166. doi:10.1086/516388. S2CID 151201280.
• Hayashi, Fumio; Prescott, Edward C. (2002). "The 1990s in Japan: A Lost Decade". Review of Economic Dynamics. 5 (1): 206–235. doi:10.1006/redy.2001.0149. S2CID 53138432.