| Project/Area Number |
24730280
|
|---|
| Research Category |
Grant-in-Aid for Young Scientists (B)
|
| Allocation Type | Multi-year Fund |
|---|
| Research Field |
Public finance/Monetary economics
|
|---|
| Research Institution | Nanzan University |
|---|
Principal Investigator |
|
|---|
| Project Period (FY) |
2012-04-01 – 2015-03-31
|
| Project Status |
Completed (Fiscal Year 2014)
|
| Budget Amount *help |
¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2014: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2013: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
|
|---|
| Keywords | Small Open Economy / Lending Rate Spread / Monetary Policy / ASEAN / NOEM Model / Currency Integration / Labor Mobility / Exchange Rate Regime / 開放マクロ経済学 / 国際金融 / 一般均衡モデル / 金融政策 / 通貨同盟 |
|---|
| Outline of Final Research Achievements |
In this research project, I have examined desirable monetary policy with open-economy macroeconomic models, and published two articles in international refereed journals through this project. First paper has been published in Asian Economic Journal. In the first paper, I investigated the welfare implications of monetary policy arrangements in a small open economy, considering firms’ bank-based finances that are widely observed in emerging ASEAN countries. Second paper has been published in Journal of Economic Integration. In the second paper, I assessed whether renouncing monetary policy autonomy becomes a cost of currency integration under labor mobility in the framework of the New Open Economy Macroeconomics.
|
