Economic Analysis on Dynamic Models with Multiple Equilibria

• Project/Area Number: 20330038
• Research Category: Grant-in-Aid for Scientific Research (B)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Economic theory
• Research Institution: Research Institute of Economy, Trade and Industry
• Principal Investigator: KOBAYASHI Keiichiro Research Institute of Economy, Trade and Industry, 上席研究員 (60371184)
• Project Period (FY): 2008 – 2010
• Project Status: Completed (Fiscal Year 2010)
• Budget Amount: ¥9,230,000 (Direct Cost: ¥7,100,000、Indirect Cost: ¥2,130,000); Fiscal Year 2010: ¥2,990,000 (Direct Cost: ¥2,300,000、Indirect Cost: ¥690,000); Fiscal Year 2009: ¥2,990,000 (Direct Cost: ¥2,300,000、Indirect Cost: ¥690,000); Fiscal Year 2008: ¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
• Keywords: マクロ経済学 / 景気循環 / 動学的一般均衡モデル / 貨幣的サーチ理論 / 複数均衡モデル / Diamond-Rajanモデル / 銀行取付 / 金融危機 / 動学的一般平均モデル / 貨幣的サーチ論 / 複数平均モデル / 大恐慌

Research Abstract

I contributed to the theoretical literature on the financial crises by constructing the dynamic model with infinitely many stationary equilibria, the model of financial crisis in a monetary search economy, and a dynamic model of bank runs.

Research Products

• [Journal Article] Nominal Rigidities, News-Driven Business Cycles and Monetary Policy (2010)
  • Author(s): Keiichiro Kobayashi, Kengo Nutahara
  • Journal Title: BE Journal of Macroeconomics Volume: 10(1) Pages: 24-24
  • Peer Reviewed
• [Journal Article] Nominal Rigidities, News-Driven Business Cycles and Monetary Policy.
  • Author(s): Keiichiro Kobayashi, Kengo Nutahara.
  • Journal Title: BE Journal of Macroeconomics 10(1)
• [Journal Article] Collateral Constraint and News-Driven Cycles.
  • Author(s): Keiichiro Kobayashi, Tomoyuki Nakajima, Masaru Inaba.
  • Journal Title: Macroeconomic Dynamics (forthcoming).
• [Journal Article] Collateral Constraint and News-Driven Cycles
  • Author(s): Keiichiro Kobayashi, Tomoyuki Nakajima, Masaru Inaba
  • Journal Title: Macroeconomic Dynamics Volume: (forthcoming)
  • Peer Reviewed
• [Presentation] The Diamond-Rajan Bank Runs in a Production Economy (2011)
  • Organizer: 若手経済学者のためのマクロ経済学研究会
  • Year and Date: 2011-03-07
• [Presentation] The Diamond-Rajan Bank Runs in a Production Economy (2011)
  • Author(s): 小林慶一郎
  • Organizer: 若手研究者のためのマクロ経済学研究会
  • Place of Presentation: 京都大学
  • Year and Date: 2011-03-07
• [Presentation] Collateral Enhancement and Bank Runs in a Production Economy (2010)
  • Organizer: 東北大学定例セミナー
  • Year and Date: 2010-10-07
• [Presentation] Collateral Enhancement and Bank Runs in a Production Economy (2010)
  • Author(s): 小林慶一郎
  • Organizer: 東北大学定例セミナー
  • Place of Presentation: 東北大学
  • Year and Date: 2010-10-07
• [Presentation] A Dynamic Model of Bank Runs (2010)
  • Organizer: RIETI-CEPR Conference
  • Year and Date: 2010-07-10
• [Presentation] A Dynamic Model of Bank Runs (2010)
  • Author(s): 小林慶一郎
  • Organizer: RIETI-CEPR Conference
  • Place of Presentation: London Business School
  • Year and Date: 2010-07-06
• [Presentation] A Dynamic Model of Bank Runs (2010)
  • Organizer: CIGS Conference on Macroeconomic Theory and Policy
  • Year and Date: 2010-05-26
• [Presentation] A Dynamic Model of Bank Runs (2010)
  • Author(s): 小林慶一郎
  • Organizer: CIGS Conference on Macroeconomic Theory and Policy
  • Place of Presentation: キヤノングローバル戦略研究所(東京)
  • Year and Date: 2010-05-26
• [Presentation] A Financial Crisis in a Credit Economy (2010)
  • Organizer: 金融政策研究会
  • Year and Date: 2010-03-19
• [Presentation] A Financial Crisis in a Credit Economy (2010)
  • Author(s): 小林慶一郎
  • Organizer: セミナー(金融政策研究会)
  • Place of Presentation: 日本銀行
  • Year and Date: 2010-03-19
• [Presentation] A Financial Crisis in a Monetary Economy (2010)
  • Organizer: CIGSマクロ経済研究会
  • Year and Date: 2010-03-01
• [Presentation] A Financial Crisis in a Monetary Economy (2010)
  • Author(s): 小林慶一郎
  • Organizer: マクロ経済研究会
  • Place of Presentation: 東京
  • Year and Date: 2010-03-01
• [Presentation] A Bad-Asset Theory of Financial Crises (2009)
  • Organizer: 政策大学院大学セミナー
  • Year and Date: 2009-11-19
• [Presentation] A Bad-Asset Theory of Financial Crises (2009)
  • Author(s): 小林慶一郎
  • Organizer: 政策研究大学院大学
  • Place of Presentation: 東京
  • Year and Date: 2009-11-19
• [Presentation] A Model of Financial Crises- Coordination Failure due to Bad Assets- (2009)
  • Organizer: SNU conference in honor of Lucas and Stokey
  • Year and Date: 2009-09-18
• [Presentation] A Model of Financial Crises- Coordination Failure due to Bad Assets- (2009)
  • Author(s): 小林慶一郎
  • Organizer: SNU conference in honor of Lucas and Stokey
  • Place of Presentation: 韓国ソウル
  • Year and Date: 2009-09-18
• [Presentation] A Monetary Model of Banking Crisis (2009)
  • Organizer: Econometric Society Far Eastern Meeting
  • Year and Date: 2009-08-04
• [Presentation] A Monetary Model of Banking Crisis (2009)
  • Author(s): 小林慶一郎
  • Organizer: Econometric Society Far Eastern Meeting
  • Place of Presentation: 東京大学
  • Year and Date: 2009-08-04
• [Presentation] Asset-Price Collapse and Market Disruption-A Model of Financial Crises- (2009)
  • Organizer: Search Theory Conference
  • Year and Date: 2009-02-07
• [Presentation] Asset-Price Collapse and Market Disruption-A Model of Financial Crises-- (2009)
  • Author(s): 小林慶一郎
  • Organizer: Search Theory Conference
  • Place of Presentation: 千里阪急ホテル
  • Year and Date: 2009-02-07