| Budget Amount *help |
¥2,639,000 (Direct Cost: ¥2,030,000、Indirect Cost: ¥609,000)
Fiscal Year 2010: ¥1,248,000 (Direct Cost: ¥960,000、Indirect Cost: ¥288,000)
Fiscal Year 2009: ¥1,391,000 (Direct Cost: ¥1,070,000、Indirect Cost: ¥321,000)
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| Research Abstract |
In this project, I investigate theoretical and empirical studies about a news-driven business cycle, where a positive news about the future causes a current boom. Especially, I study that (1) the relationship between habit in consumption and NDBCs, (2) the relationship between the nominal price rigidity and NDBCs, and (3) NDBCs in a medium-scale DSGE model, that is estimated for the Japanese economy.
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