2009 Fiscal Year Final Research Report
Economic growth and business fluctuation under free asset trade
| Project/Area Number |
18530134
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | Osaka University |
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Principal Investigator |
ONO Yoshiyasu Osaka University, 社会経済研究所, 教授 (70130763)
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| Project Period (FY) |
2006 – 2009
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| Keywords | 不況 / 賃金調整 / 流動性選好 / 失業 / 財政支出 / 貿易政策 / 為替レート / 国際資本取引 |
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| Research Abstract |
A dynamic optimization model with free asset trade is proposed. With full employment long-run production patterns and the effects of saving and investment taxes are found to be quite different from those under no asset trade. With persistent stagnation it is shown that productivity improvement and import restrictions 'reduce' home employment through exchange-rate adjustment
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