Empirical Analysis on Monetary Policy Behavior under Inflation Targeting

• Project/Area Number: 20730190
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Economic policy
• Research Institution: Osaka Prefecture University
• Principal Investigator: TACHIBANA Minoru 大阪府立大学, 経済学部, 准教授 (70405330)
• Project Period (FY): 2008 – 2011
• Project Status: Completed (Fiscal Year 2011)
• Budget Amount: ¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000); Fiscal Year 2011: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000); Fiscal Year 2009: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2008: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
• Keywords: 経済政策 / 金融政策 / インフレ・ターゲット / 政策反応関数 / VAR / 実証分析 / インフレ・ターゲティング

Research Abstract

I empirically analyzed not only the effects of adoption of inflation targeting but also policy responses of inflation-targeting central banks to find out inherent responses under inflation targeting.

Research Products

• [Journal Article] Policy Responses under Inflation Targeting : A VAR Analysis with Sign Restrictions, Discussion Paper New Series (2012)
  • Author(s): Minoru Tachibana
  • Journal Title: School of Economics, Osaka Prefecture University Volume: No.2012-1
• [Journal Article] Policy Responses under Inflation Targeting : A VAR Analysis with Sign Restrictions (2012)
  • Author(s): Minoru Tachibana
  • Journal Title: Discussion Paper New Series (School of Economics, Osaka Prefecture University) Volume: No.2012-1 Pages: 1-25
  • NAID: 40021288862
• [Presentation] Policy Responses under Inflation Targeting : A VAR Analysis with Sign Restrictions (2011)
  • Author(s): 立花実
  • Organizer: 日本金融学会2011年度秋季大会
  • Place of Presentation: 近畿大学
  • Year and Date: 2011-09-18
• [Book] 経済学・経営学・法学へのいざないII (2009)
  • Author(s): 立花実, 他13名
  • Publisher: 大阪公立大学共同出版会(OMUP)
• [Book] 経済学・経営学・法学へのいざないII (2009)
  • Author(s): 大阪府立大学経済学部編
  • Total Pages: 190
  • Publisher: 大阪公立大学共同出版会(OMUP)
• [Remarks] 上記図書のpp.65-83に、本科研の研究成果である「インフレ・ターゲティングの検証-データは何を物語っでいるのか-」が所収されている。