• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

Inflation Dynamics in Japan: Empirical Analysis with an Emphasis on Heterogeneity among Firms and Individuals

Research Project

Project/Area Number 19K23201
Research Category

Grant-in-Aid for Research Activity Start-up

Allocation TypeMulti-year Fund
Review Section 0107:Economics, business administration, and related fields
Research InstitutionSeikei University

Principal Investigator

Shoji Toshiaki  成蹊大学, 経済学部, 助教 (10846801)

Project Period (FY) 2019-08-30 – 2022-03-31
Project Status Completed (Fiscal Year 2021)
Budget Amount *help
¥2,860,000 (Direct Cost: ¥2,200,000、Indirect Cost: ¥660,000)
Fiscal Year 2020: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2019: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Keywords物価 / ミクロデータ / 異質性 / インフレーション / メニューコスト / POSデータ / クレジットカードデータ / ネットワーク / 価格 / 情報硬直性 / 経済主体の異質性 / マクロ経済学 / 物価変動 / 実証分析
Outline of Research at the Start

過去20年以上にわたって、日本銀行が積極的な金融緩和政策に取り組んできたにもかかわらず、日本経済の物価上昇ペースはかなり鈍い状態が続いている。「なぜ物価が上がらないのか」という問いに答えるため、本研究ではミクロデータを活用した実証分析を行う。具体的には、どんな企業が販売価格を引き上げて(引き下げて)いるのか、どんな個人が高い(安い)価格で財を購入しているのかをきめ細かく観察し、その背後ではどのようなメカニズムによって個々の企業・個人が直面する価格が規定されるのかを明らかにする。

Outline of Final Research Achievements

In this project, we conducted empirical analyses on inflation dynamics in Japan, focusing on the heterogeneity of firms and individuals. Based on these analyses, we wrote three papers, "Menu Costs and Information Rigidity: Evidence from the Consumption Tax Hike in Japan," "Heterogeneity in Prices and Inflation over the Life Cycle," and "Formation of Chinese Venture Capital Syndication Network." We presented the content of these papers at various international and domestic academic societies.

Academic Significance and Societal Importance of the Research Achievements

物価変動(インフレ・デフレ)は消費者・企業の意思決定に対して重大な影響を及ぼすため、これを安定化させることが中央銀行の使命となっている。本研究では様々なミクロデータを活用し、物価変動を作り出す企業の価格設定行動、その影響を受ける消費者の購買行動、そして企業間のネットワーク構造を実証的に分析した。本研究の結果は、今後の金融・財政政策のあり方や、高齢化を始めとする経済社会の構造的変化の影響を考察するうえで重要であり、社会的意義は大きい。

Report

(4 results)
  • 2021 Annual Research Report   Final Research Report ( PDF )
  • 2020 Research-status Report
  • 2019 Research-status Report
  • Research Products

    (15 results)

All 2022 2021 2020 2019 Other

All Int'l Joint Research (2 results) Journal Article (5 results) (of which Int'l Joint Research: 3 results,  Peer Reviewed: 2 results,  Open Access: 5 results) Presentation (8 results) (of which Int'l Joint Research: 3 results)

  • [Int'l Joint Research] University of Melbourne(オーストラリア)

    • Related Report
      2019 Research-status Report
  • [Int'l Joint Research] China International Capital Corporation(中国)

    • Related Report
      2019 Research-status Report
  • [Journal Article] Menu costs and information rigidity: Evidence from the consumption tax hike in Japan2022

    • Author(s)
      Shoji Toshiaki
    • Journal Title

      Journal of Macroeconomics

      Volume: 72 Pages: 103400-103400

    • DOI

      10.1016/j.jmacro.2022.103400

    • Related Report
      2021 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] Going Cashless: Evidence from Japan’s Point Reward Program2021

    • Author(s)
      Toshiaki Shoji, Toshitaka Sekine, Tsutomu Watanabe
    • Journal Title

      CARF Working Paper

      Volume: CARF-F-525

    • Related Report
      2021 Annual Research Report
    • Open Access
  • [Journal Article] Formation of Chinese Venture Capital Syndication Network2021

    • Author(s)
      Toshiaki Shoji, Makoto Nirei, Fei Yu
    • Journal Title

      Japanese Economic Review

      Volume: 72 Issue: 1 Pages: 49-64

    • DOI

      10.1007/s42973-020-00055-7

    • NAID

      210000169232

    • Related Report
      2020 Research-status Report
    • Peer Reviewed / Open Access / Int'l Joint Research
  • [Journal Article] Search and Matching in Rental Housing Market2020

    • Author(s)
      Toshiaki Shoji, Mei Dong, Yuki Teranishi
    • Journal Title

      Central Bank Communication Design, Working paper series no. 15

      Volume: -

    • Related Report
      2019 Research-status Report
    • Open Access / Int'l Joint Research
  • [Journal Article] Product Cycle and Prices: a Search Foundation2019

    • Author(s)
      Toshiaki Shoji, Mei Dong, Yuki Teranishi
    • Journal Title

      Central Bank Communication Design, Working paper series no. 9

      Volume: -

    • Related Report
      2019 Research-status Report
    • Open Access / Int'l Joint Research
  • [Presentation] Going Cashless: Evidence from Japan’s Point Reward Program2022

    • Author(s)
      庄司俊章
    • Organizer
      CIGS研究会
    • Related Report
      2021 Annual Research Report
  • [Presentation] Heterogeneity in Prices and Inflation over the Life Cycle2021

    • Author(s)
      庄司俊章
    • Organizer
      横浜市立大学セミナー
    • Related Report
      2021 Annual Research Report
  • [Presentation] Heterogeneity in Prices and Inflation over the Life Cycle2021

    • Author(s)
      庄司俊章
    • Organizer
      日本経済学会秋季大会
    • Related Report
      2021 Annual Research Report
  • [Presentation] The Switch to Cashless Payments: Evidence from Japan’s Point Reward Program2021

    • Author(s)
      Toshiaki Shoji
    • Organizer
      東京大学現代日本研究センター
    • Related Report
      2021 Annual Research Report
    • Int'l Joint Research
  • [Presentation] Menu Costs and Information Rigidity: Evidence from the Consumption Tax Hike in Japan2021

    • Author(s)
      Toshiaki Shoji
    • Organizer
      American Economic Association Annual Meeting
    • Related Report
      2020 Research-status Report
    • Int'l Joint Research
  • [Presentation] The Cost-of-Living Index over the Life Cycle2020

    • Author(s)
      庄司俊章
    • Organizer
      東北大学現代経済学研究会
    • Related Report
      2020 Research-status Report
  • [Presentation] The Cost-of-Living Index over the Life Cycle2020

    • Author(s)
      庄司俊章
    • Organizer
      一橋大学公共経済ワークショップ
    • Related Report
      2020 Research-status Report
  • [Presentation] Formation of Chinese Venture Capital Network2020

    • Author(s)
      Toshiaki Shoji
    • Organizer
      NetSci-X 2020
    • Related Report
      2019 Research-status Report
    • Int'l Joint Research

URL: 

Published: 2019-09-03   Modified: 2023-01-30  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi