Balance of Payments Disequilibrium and Monetary and Fiscal Policies: Theoretical and Empirical Analysis Based on Optimal Policy Rules

• Project/Area Number: 20730185
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Economic policy
• Research Institution: Nagasaki University
• Principal Investigator: KUDO Takeshi Nagasaki University, 経済学部, 准教授 (70404316)
• Project Period (FY): 2008 – 2009
• Project Status: Completed (Fiscal Year 2009)
• Budget Amount: ¥2,210,000 (Direct Cost: ¥1,700,000、Indirect Cost: ¥510,000); Fiscal Year 2009: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000); Fiscal Year 2008: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
• Keywords: 金融政策 / 財政政策 / 国際収支 / 持続可能性 / マルコフ・スイッチング・モデル / 長期経済統計データ / 経常収支

Research Abstract

This research shows the relationships between macroeconomic policies and balance of payments. First, we show the effects of fiscal policy on current account through the changes in private sector's behavior. Second, we show the effects of alternative investment markets on economic growth through the elimination of capital market imperfections.

Research Products

• [Journal Article] 米国の財政政策の変化と経常収支の持続可能性:財政政策に対する民間部門の反応の変化を考慮した分析 (2008)
  • Author(s): 工藤健
  • Journal Title: 経済学研究(北海道大学) 第58巻3号 Pages: 153-166
  • NAID: 110006954476
• [Journal Article] 米国の財政政策の変化と経常収支の持続可能性財政政策に対する民間部門の反応の変化を考慮した分析 (2008)
  • Author(s): 工藤健
  • Journal Title: 経済学研究(北海道大学) 58 Pages: 463-475
  • NAID: 110006954476
• [Presentation] Fiscal Discipline and Sustainability of Public Debt: An Empirical Analysis using Japanese Long-term Economic Statistics (2009)
  • Author(s): Kudo Takeshi
  • Organizer: Annual American Business Research Conference
  • Place of Presentation: Sheraton LaGuardia East, New York, The United States
  • Year and Date: 2009-09-29
• [Presentation] Fiscal Discipline and Sustainability of Public Debt : An Empirical Analysis using Jananese Long-term Economic Statistics (2009)
  • Author(s): Takeshi Kudo
  • Organizer: Annual American Business Research Conference
  • Place of Presentation: Sheraton LaGuardia East Hotel, New York
  • Year and Date: 2009-09-28
• [Presentation] 代替的新興市場創設による経済効果分析 (2008)
  • Author(s): 須齊正幸, 川村雄介, 阿萬弘行, 森保洋, 工藤健
  • Organizer: 第70回証券経済学会全国大会
  • Place of Presentation: 滋賀大学
  • Year and Date: 2008-10-05
• [Presentation] 代替的新興市場創設による経済効果分析 (2008)
  • Author(s): 川村雄介, 須齊正幸, 阿萬弘行, 森保洋, 工藤健
  • Organizer: 第70回証券経済学会全国大会
  • Place of Presentation: 滋賀大学彦根キャンパス