| Budget Amount *help |
¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000)
Fiscal Year 2014: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Outline of Final Research Achievements |
In 21st century, there are growing interests in the role of government. The purpose of this project is to explore what factors determine government's economic policy. A new feature in the project is that we assume that the government is one of the decision-making economic agents and investigate how the economic agent makes his or her decision. In particular, we examined why the fiscal policy tends to be aggressive, while the monetary policy tends to be passive in actual policy makings. We constructed theoretical models that describe the behavior of policymakers and tested the hypothesis empirically. We also discussed under what circumstances the government policy becomes socially desirable.
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