On Fragility of Monetary Economy and Equilibrium Seletion
| Project/Area Number |
23530214
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | The University of Tokyo |
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Principal Investigator |
KAMIYA Kazuya 東京大学, 経済学研究科(研究院), 教授 (50201439)
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| Project Period (FY) |
2011-04-28 – 2015-03-31
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| Project Status |
Completed (Fiscal Year 2014)
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| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2014: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2013: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2011: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
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| Keywords | 貨幣 / 均衡選択 / 脆弱性 / 非決定性 / 実験 / フォーカルポイント / 貨幣経済の脆弱性 / 貨幣均衡の非決定性 / フォーカル・ポイント / マッチングモデル / ワルラス均衡 |
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| Outline of Final Research Achievements |
It is known that monetary economy is indeterminate and Kamiya and Shimizu (2006) found a logic of the indeterminacy. In this research, I found a new logic of indeterminacy which is different from Kamiya and Shimizu (2006). Moreover, I found a policy which makes equilibria determiante and induces an efficient one. I also did an experiment which confirms the theoretical results.
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Report
(5 results)
Research Products
(5 results)
