| Budget Amount *help |
¥8,060,000 (Direct Cost: ¥6,200,000、Indirect Cost: ¥1,860,000)
Fiscal Year 2018: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2017: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2016: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
Fiscal Year 2015: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
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| Outline of Final Research Achievements |
This main research outputs are as follows. (1) We investigate the effects of economic policy under zero bound of the nominal interest rate. (2) We investigate the effects of fiscal and monetary policy responses to asset prices. We focus on the various type of assets, and the effects of credit market imperfections. We also estimate the fiscal and monetary policy rule of the Japanese economy to investigate whether policy responds to asset price fluctuations. (3) We investigate the Laffer curves for consumption, and labor income taxes.
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