The study of stability of money demand function

• Project/Area Number: 15K03545
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Money/ Finance
• Research Institution: University of Hyogo
• Principal Investigator: Yamada Kazuo 兵庫県立大学, 経営学部, 准教授 (80294007)
• Co-Investigator(Kenkyū-buntansha): 福重 元嗣 大阪大学, 経済学研究科, 教授 (10208936)
• Project Period (FY): 2015-04-01 – 2018-03-31
• Project Status: Completed (Fiscal Year 2017)
• Budget Amount: ¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000); Fiscal Year 2017: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000); Fiscal Year 2016: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000); Fiscal Year 2015: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
• Keywords: マネーストック / M1統計 / 接続計数 / M1 / 金融論

Outline of Final Research Achievements

The purpose of this research is a new propose of connection of M1 statistics. And we examine this problem further. JAPAN POST BANK Co., Ltd was transferred to the private sector. So M1 statistics includes postal savings. The movement of postal savings is complicated. We showed that the method of connection of M1 statistics which Bank of Japan recommends is improper.

Research Products

• [Journal Article] Efficient Scale of Prefectural Government in China (2016)
  • Author(s): 福重元嗣・Yingxin Shi
  • Journal Title: China Finance and Economic Review Volume: 4 Issue: 1 Pages: 1-18
  • DOI: 10.1186/s40589-016-0026-y
  • Peer Reviewed / Open Access / Int'l Joint Research
• [Journal Article] Rational Consumers (2016)
  • Author(s): 窪田康平・福重元嗣
  • Journal Title: International Economic Review, Volume: 57 Issue: 1 Pages: 231-254
  • DOI: 10.1111/iere.12154
  • Peer Reviewed / Open Access / Int'l Joint Research
• [Journal Article] 日本の貨幣需要関数の推定：誤差修正モデルによる実証研究 (2015)
  • Author(s): 山田一夫
  • Journal Title: 商大論集 Volume: 第67巻 Pages: 165-184
  • NAID: 110009986885
• [Journal Article] Dissatisfaction with dwelling environments in an aging society: An empirical research for Kanto Area in Japan (2015)
  • Author(s): 石川路子・福重元嗣
  • Journal Title: Review of Urban & Regional Development Studies Volume: 27 Issue: 3 Pages: 149-176
  • DOI: 10.1111/rurd.12038
  • Peer Reviewed / Open Access / Int'l Joint Research
• [Journal Article] Long-Run Fiscal Multiplier for Autonomous Prefectures in China (2015)
  • Author(s): Yingxin Shi・福重元嗣
  • Journal Title: Pacific Economic Review Volume: 20 Issue: 5 Pages: 687-695
  • DOI: 10.1111/1468-0106.12111
  • Peer Reviewed / Open Access / Int'l Joint Research