| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2012: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2011: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2010: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Research Abstract |
In order to obtain policy implications on systemic financial fragility, we constructed a macroeconomic model in cooperating heterogeneous economic agents and a financial sector. Since business cycle is a phenomenon emerging from complex interactions among heterogeneous agents, conventional macroeconomic model that assumes a representative agent is inappropriate. We reproduced business cycle behavior using an agent-based approach. A completely closed macro financial model, which in cooperates Keynesian and Walrasian regimes with endogenous money supply, was constructed. This prototype model is expected to be a useful base model to examine various policy simulations.
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