Macroeconomic analysis of uncertainty shocks and credit shocks
| Project/Area Number |
26780119
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic theory
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| Research Institution | Kyoto University |
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Principal Investigator |
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| Project Period (FY) |
2014-04-01 – 2017-03-31
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| Project Status |
Completed (Fiscal Year 2016)
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| Budget Amount *help |
¥3,120,000 (Direct Cost: ¥2,400,000、Indirect Cost: ¥720,000)
Fiscal Year 2016: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Keywords | 景気循環 / 格差 / 不確実性ショック / 信用ショック / 非完備金融市場 / 財政政策 / 労働市場 / マクロ経済学 / 非完備市場 / 動学確率一般均衡モデル / 不完備市場 |
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| Outline of Final Research Achievements |
In this project, we analyzed business cycle fluctuations in an economy with heterogeneity in wealth and wages across individuals. In particular, we examined uncertainty shocks, which are changes in wage uncertainty faced by individuals. We found that uncertainty shocks have important effects on labor market fluctuations. Further, in order to analyze credit shocks, which are changes in individuals' borrowing ability, we constructed a new model by introducing individuals' asset choice into an existing model including inequality across individuals.
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Report
(4 results)
Research Products
(13 results)
