| Budget Amount *help |
¥16,770,000 (Direct Cost: ¥12,900,000、Indirect Cost: ¥3,870,000)
Fiscal Year 2015: ¥3,900,000 (Direct Cost: ¥3,000,000、Indirect Cost: ¥900,000)
Fiscal Year 2014: ¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2013: ¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2012: ¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
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| Outline of Final Research Achievements |
The purpose of this project is to study the mechanisms of medium-term cycle. The main results are as follows. Firstly, R&D activities can be a key mechanism to explain the empirical facts on asset prices and news shocks. Secondly, in an economy with financial frictions, R&D activities and bubbles have permanent effects on the economy.Thirdly, the taxation and the government's plan for economic growth can affect the fiscal soundness in the medium and the long terms. Finally, demographic movement and the growth rate of aggregate productivity are the main driving forces for the behavior of the current account in Japan.
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