| 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)
|
|---|
| 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.
|
