Asset price, financial market, and fiscal policy
Project/Area Number |
24730171
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Research Category |
Grant-in-Aid for Young Scientists (B)
|
Allocation Type | Multi-year Fund |
Research Field |
Economic theory
|
Research Institution | Senshu University |
Principal Investigator |
|
Project Period (FY) |
2012-04-01 – 2015-03-31
|
Project Status |
Completed (Fiscal Year 2014)
|
Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2014: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2013: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2012: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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Keywords | 財政政策 / マクロ経済学 / 資産価格 / 経済政策 / 財政支出 / 不完全金融市場 |
Outline of Final Research Achievements |
This project focuses on the role of financial market and asset price for economic policy. (1) It is found that the asset price is a target of fiscal policy, especially government spending, in Japan by using macroeconomic data. (2) It is also shown that the asset-price-targeting government spending is a cause of equilibrium indeterminacy in a standard New Keynesian sticky price model, theoretically. (3) As a development of a tool for analyses, the role of asset-price-targeting monetary policy is also investigated.
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Report
(4 results)
Research Products
(6 results)