Macroeconomic Policy Analysis using utility function with non-constant discount factor
| Project/Area Number |
21530277
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Hosei University |
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Principal Investigator |
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| Co-Investigator(Kenkyū-buntansha) |
SAGARA Nobusumi 法政大学, 経済学部, 教授 (90286005)
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| Project Period (FY) |
2009 – 2011
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| Project Status |
Completed (Fiscal Year 2011)
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| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2011: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2010: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2009: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
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| Keywords | マクロモデル / 逐次効用関数 / シミュレーション / 確率的割引率モデル / 準双曲的な割引因子 |
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| Research Abstract |
We conduct a public/fiscal policy analysis using macroeconomic models with non-constant discount factors. In particular, we focused on recursive utility models, in which the discount factor is a function of utility or some aggregate macroeconomic variables including consumption and real balances. We wrote some research papers to give presentations at international academic conferences and to submit to international refereed journals. Some of them have been already published. In addition, Kenji Miyazaki edited a Japanese book including our research papers. This book, titled 'Preference and International Macroeconomics,'was published in March, 2012.
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Research Products
(89 results)
