Synthesis of "Short Term" and "Long Term" in Macroeconomics

• Project/Area Number: 18K12748
• Research Category: Grant-in-Aid for Early-Career Scientists
• Allocation Type: Multi-year Fund
• Review Section: Basic Section 07010:Economic theory-related
• Research Institution: Chuo University
• Principal Investigator: Murakami Hiroki 中央大学, 経済学部, 准教授 (70803972)
• Project Period (FY): 2018-04-01 – 2023-03-31
• Project Status: Completed (Fiscal Year 2022)
• Budget Amount: ¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000); Fiscal Year 2020: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000); Fiscal Year 2019: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000); Fiscal Year 2018: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
• Keywords: マクロ経済学 / ケインズ経済学 / 短期分析 / 長期分析 / 有効需要の原理 / 景気循環 / 成長循環 / 経済安定性 / 唯一性 / 一意性 / ミクロ経済学的基礎

Outline of Final Research Achievements

The outcomes of this research prohect are as follows: nine papers in refereed journals, one paper in a non-refereed journal and one paper under review by a refereed journal (revisions requested). They all serve the main purpose of this research project: the synthesis of the short-term analysis and the long-term analysis in macroeconomics.

Academic Significance and Societal Importance of the Research Achievements

この研究は，一国経済において，短期のみでなく長期においても普遍的に成立する有効需要の原理に動学的見地から適切な理論的基礎を提供し，以て財政政策及び金融政策その他の経済政策の健全な運営を行う際に有用な知見を提供しようとするものである。

Research Products

• [Journal Article] On growth cycles in a stochastic post-Keynesian model (2023)
  • Author(s): Hiroki Murakami
  • Journal Title: Communications in Nonlinear Science and Numerical Simulation Volume: 118 Pages: 106995-106995
  • DOI: 10.1016/j.cnsns.2022.106995
  • Peer Reviewed / Open Access
• [Journal Article] Keynesian and classical theories: static and dynamic perspectives (2022)
  • Author(s): Hiroki Murakami
  • Journal Title: Evolutionary and Institutional Economics Review Volume: 19 Issue: 1 Pages: 343-367
  • DOI: 10.1007/s40844-021-00205-5
  • Peer Reviewed
• [Journal Article] The unique limit cycle in post Keynesian theory (2022)
  • Author(s): Murakami Hiroki
  • Journal Title: Chaos, Solitons and Fractals Volume: 154 Pages: 111597-111597
  • DOI: 10.1016/j.chaos.2021.111597
  • Peer Reviewed / Open Access
• [Journal Article] On dynamics in a medium-term Keynesian model (2021)
  • Author(s): Murakami Hiroki and Zimka Rudolf
  • Journal Title: Discrete and Continuous Dynamical Systems B Volume: 26 Issue: 11 Pages: 5925-5940
  • DOI: 10.3934/dcdsb.2021145
  • Peer Reviewed / Open Access / Int'l Joint Research
• [Journal Article] On dynamics in a medium-term Keynesian model (2021)
  • Author(s): Hiroki Murakami and Rudolf Zimka
  • Journal Title: Discrete & Continuous Dynamical Systems Series B Volume: -
  • Peer Reviewed / Open Access / Int'l Joint Research
• [Journal Article] 景気循環理論における微分方程式の使用法 (2021)
  • Author(s): 村上弘毅
  • Journal Title: 経済学論纂（中央大学） Volume: 61 Pages: 267-290
• [Journal Article] Economic Development with Public Capital Accumulation: The Crucial Role of Wage Flexibility on Business Cycles (2020)
  • Author(s): Hiroki Murakami and Hiroaki Sasaki
  • Journal Title: Economic Modelling Volume: 93 Pages: 299-309
  • DOI: 10.1016/j.econmod.2020.08.005
  • Peer Reviewed
• [Journal Article] マクロ経済学の基礎理論に関する一考察 (2020)
  • Author(s): 村上弘毅
  • Journal Title: 経済研究所年報（中央大学） Volume: 52 Pages: 261-283
• [Journal Article] On dynamics in a two-sector Keynesian model of business cycles (2020)
  • Author(s): Hiroki Murakami and Rudolf Zimka
  • Journal Title: Chaos, Solitons & Fractals Volume: 130 Pages: 1-8
  • DOI: 10.1016/j.chaos.2019.109419
  • Peer Reviewed / Open Access / Int'l Joint Research
• [Journal Article] Monetary policy in the unique growth cycle of post Keynesian systems (2020)
  • Author(s): Hiroki Murakami
  • Journal Title: Structural Change and Economic Dynamics Volume: 52 Pages: 39-49
  • DOI: 10.1016/j.strueco.2019.10.002
  • Peer Reviewed / Open Access
• [Journal Article] A note on the “unique” business cycle in the Keynesian theory (2019)
  • Author(s): Hiroki Murakami
  • Journal Title: Metroeconomica Volume: 70 Issue: 3 Pages: 384-404
  • DOI: 10.1111/meca.12222
  • Peer Reviewed
• [Journal Article] A two‐sector Keynesian model of business cycles (2018)
  • Author(s): Hiroki Murakami
  • Journal Title: Metroeconomica Volume: 69 Issue: 2 Pages: 444-472
  • DOI: 10.1111/meca.12195
  • Peer Reviewed
• [Journal Article] Inflation-deflation expectations and economic stability in a Kaleckian system (2018)
  • Author(s): Hiroki Murakami and Toichiro Asada
  • Journal Title: Journal of Economic Dynamics and Control Volume: 92 Pages: 183-201
  • DOI: 10.1016/j.jedc.2017.11.004
  • Peer Reviewed
• [Journal Article] Existence and uniqueness of growth cycles in post Keynesian systems (2018)
  • Author(s): Hiroki Murakami
  • Journal Title: Economic Modelling Volume: 75 Pages: 293-304
  • DOI: 10.1016/j.econmod.2018.07.001
  • Peer Reviewed
• [Journal Article] 所得分布の決定機構 (2018)
  • Author(s): 村上弘毅
  • Journal Title: 季刊経済理論 Volume: 55 Pages: 26-32
  • NAID: 130007872804
• [Presentation] The unique limit cycle in post Keynesian systems (2021)
  • Author(s): Hiroki Murakami
  • Organizer: The 12th International Conference on Nonlinear Economic Dynamics
  • Int'l Joint Research
• [Presentation] Monetray Policy in the Unique Growth Cycle of Post Keynesian Systems (2020)
  • Author(s): 村上弘毅
  • Organizer: 進化経済学会
• [Presentation] Inflation-Deflation Expectations and Economic Stability in a Kaleckian System (2019)
  • Author(s): Hiroki Murakami
  • Organizer: Kyoto University Faculty of Economics The 100th Year Anniversary International Conference Series "Economic Growth and Income Distribution: Facing Real Economy Beyond Schools"
  • Int'l Joint Research / Invited
• [Presentation] Monetary Policy in the Unique Growth Cycle of Post Keynesian Systems (2019)
  • Author(s): Hiroki Murakami
  • Organizer: 45th Annual Conference of Eastern Economic Association
  • Int'l Joint Research
• [Presentation] Existence and Uniqueness of Growth Cycles of Post Keynesian Systems (2019)
  • Author(s): 村上弘毅
  • Organizer: 制度的経済動学セミナー
• [Presentation] Inflation-Deflation Expectations and Economic Stability in a Kaleckian System (2018)
  • Author(s): Toichiro Asada and Hiroki Murakami
  • Organizer: ORCOS 2018 (14th Viennese Conference on Optimal Control and Dynamic Games)
  • Int'l Joint Research
• [Presentation] Monetary Policy in the Unique Growth Cycle of Post Keynesian Systems (2018)
  • Author(s): Hiroki Murakami
  • Organizer: MDEF 2018 (10th Workshop of Modelli Dinamici in Economia e Finanza)
  • Int'l Joint Research