| Budget Amount *help |
¥43,680,000 (Direct Cost: ¥33,600,000、Indirect Cost: ¥10,080,000)
Fiscal Year 2018: ¥10,530,000 (Direct Cost: ¥8,100,000、Indirect Cost: ¥2,430,000)
Fiscal Year 2017: ¥9,620,000 (Direct Cost: ¥7,400,000、Indirect Cost: ¥2,220,000)
Fiscal Year 2016: ¥9,620,000 (Direct Cost: ¥7,400,000、Indirect Cost: ¥2,220,000)
Fiscal Year 2015: ¥13,910,000 (Direct Cost: ¥10,700,000、Indirect Cost: ¥3,210,000)
|
|---|
| Outline of Final Research Achievements |
This study analyzed consumption and prices based on scanner data and investigated inflation expectation formation based on an original micro survey. We found that after the change in the consumption tax rate in 2014, young people decreased their nominal expenditures more than old, while young people faced higher price levels, which decreased their real expenditure. The difference between the old and young population can be explained by the differences in their purchasing behaviors in convenience stores. We also found that the inflation expectation by Japanese households is consistent with the rational expectation hypothesis with limited information. Our experiments conducted through websites revealed that by providing households with "useful" information, their inflation expectations are revised, as predicted by the information theory.
|
