Macroeconomic analysis with imperfect financial markets
Project/Area Number |
19730140
|
Research Category |
Grant-in-Aid for Young Scientists (B)
|
Allocation Type | Single-year Grants |
Research Field |
Economic theory
|
Research Institution | Kyoto University |
Principal Investigator |
NAKAJIMA Tomoyuki Kyoto University, 経済研究所, 准教授 (50362405)
|
Project Period (FY) |
2007 – 2010
|
Project Status |
Completed (Fiscal Year 2010)
|
Budget Amount *help |
¥3,140,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥540,000)
Fiscal Year 2010: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2009: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2008: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2007: ¥800,000 (Direct Cost: ¥800,000)
|
Keywords | 景気循環 / 非完備市場 / 資産価格 / 担保制約 / 最適金融政策 / ニュースショック / 価格粘着性 |
Research Abstract |
We have analyzed how various forms of financial market imperfection affect the macro economy. (1) How labor and capital income should be taxed in the presence of uninsurable labor income risks? (2) When there exists involuntary unemployment due to imperfections both in the labor and financial markets, how monetary policy should be conducted to stabilize the economy? (3) Suppose that the amount of working capital of firms are constrained by collateral constraint. What kind of implications does it have for macroeconomic fluctuations?
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Report
(6 results)
Research Products
(40 results)