| Budget Amount *help |
¥2,730,000 (Direct Cost: ¥2,100,000、Indirect Cost: ¥630,000)
Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2013: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2012: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
|
|---|
| Outline of Final Research Achievements |
After the global financial crises, the policy of low interest rates in developed countries caused a surge in capital inflows to emerging market economies. We examined macroeconomic policies that manage capital inflow in emerging economies. We incorporated financial frictions and shocks to growth trends, which are key features of emerging economies, in a conventional dynamic stochastic general equilibrium model. Subsequently, we developed a plausible model to examine macroeconomic policies for capital inflow in emerging economies.
|
