| Project/Area Number |
23730199
|
|---|
| Research Category |
Grant-in-Aid for Young Scientists (B)
|
| Allocation Type | Multi-year Fund |
|---|
| Research Field |
Economic theory
|
|---|
| Research Institution | Ritsumeikan University |
|---|
Principal Investigator |
|
|---|
| Project Period (FY) |
2011 – 2012
|
| Project Status |
Completed (Fiscal Year 2013)
|
| Budget Amount *help |
¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2012: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000)
Fiscal Year 2011: ¥520,000 (Direct Cost: ¥400,000、Indirect Cost: ¥120,000)
|
|---|
| Keywords | 金融政策 / 政策協調 / 国際金融 / 失業 / サーチ |
|---|
| Research Abstract |
I construct a two-country monetary model with unemployment and investigate the effect of expansionary monetary policy of one country on the other country. I show that as long as the monetary expansion is moderate, the policy increases employment and output and improves social welfare of both countries.
|
