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Product Turnover and Pricing Behavior under Deflation(Fostering Joint International Research)

Research Project

Project/Area Number 16KK0065
Research Category

Fund for the Promotion of Joint International Research (Fostering Joint International Research)

Allocation TypeMulti-year Fund
Research Field Public finance/Public economy
Research InstitutionWaseda University

Principal Investigator

Ueda Kozo  早稲田大学, 政治経済学術院, 教授 (30708558)

Project Period (FY) 2017 – 2021
Project Status Completed (Fiscal Year 2021)
Budget Amount *help
¥14,950,000 (Direct Cost: ¥11,500,000、Indirect Cost: ¥3,450,000)
Keywords新陳代謝 / 物価指数 / 最適インフレ率 / 価格設定行動 / 企業動学 / 家庭内在庫 / 金融政策 / 中小企業政策 / 企業退出 / デフレ / 経済政策 / 経済事情 / 経済統計学 / 金融論
Outline of Final Research Achievements

The central theme of this study is "goods/firm turnover and firm pricing behavior during deflation". In order to deepen our understanding of the background of Japan's lost 30 years, I focus on the turnover of goods and firms. In terms of goods, we observe a frequent turnover of goods, while in terms of firms, it is pointed out that the rate of business openings and closings has remained low. In this analysis, I conducted theoretical and empirical analyses on the effects of turnover on prices and economic growth.

Academic Significance and Societal Importance of the Research Achievements

本研究は、日本の失われた30年の背景について理解を深めることを通じて、実効性の高い政策運営へのヒントを与えることを目的とする。特に、財や企業の入れ替わりという現象が、マクロ経済環境やミクロ的な政策(企業補助金など)にどのように依存するのか、そして、物価や経済成長率にどのような影響を与えるのか、を明らかにすることで、金融政策や中小企業政策への新しい知見をもたらすことを目指す。

Report

(2 results)
  • 2021 Annual Research Report   Final Research Report ( PDF )
  • Research Products

    (4 results)

All 2022 2019

All Int'l Joint Research (1 results) Journal Article (2 results) (of which Peer Reviewed: 2 results,  Open Access: 2 results) Presentation (1 results) (of which Int'l Joint Research: 1 results)

  • [Int'l Joint Research] ブリティッシュコロンビア大学(カナダ)2019

    • Year and Date
      2019-03-18
    • Related Report
      2021 Annual Research Report
  • [Journal Article] REALLOCATION EFFECTS OF MONETARY POLICY2022

    • Author(s)
      Miyakawa Daisuke、Oikawa Koki、Ueda Kozo
    • Journal Title

      International Economic Review

      Volume: - Issue: 2 Pages: 947-975

    • DOI

      10.1111/iere.12558

    • Related Report
      2021 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Secular Stagnation and Low Interest Rates under the Fear of a Government Debt Crisis2022

    • Author(s)
      KOBAYASHI KEIICHIRO、UEDA KOZO
    • Journal Title

      Journal of Money, Credit and Banking

      Volume: - Issue: 4 Pages: 779-824

    • DOI

      10.1111/jmcb.12909

    • Related Report
      2021 Annual Research Report
    • Peer Reviewed / Open Access
  • [Presentation] Household Inventory, Temporary Sales, and Price Indices,2022

    • Author(s)
      Kozo Ueda
    • Organizer
      2021 NBER Japan Project
    • Related Report
      2021 Annual Research Report
    • Int'l Joint Research

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Published: 2017-03-15   Modified: 2023-01-30  

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