| Budget Amount *help |
¥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: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2009: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2008: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
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| Research Abstract |
The purpose of this study is to examine the effects of Japanese monetary policy on the real economy, especially the prices. My empirical findings are as follows : First, I find that there are different time lags with which the idiosyncratic shocks and monetary policy shocks have impacts on the price levels. Second, their time lags are characterized by industry specific factors, etc. In addition, I examine the effects of macroeconomic policy during the interwar period in Japan and the recent unconventional monetary policy, and find that these policies have significant impacts on the real economy.
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