2010 Fiscal Year Final Research Report
News shocks and News-Driven Business Cycles
| Project/Area Number |
21830109
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| Research Category |
Grant-in-Aid for Research Activity Start-up
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | Senshu University |
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Principal Investigator |
NUTAHARA Kengo Senshu University, 経済学部, 講師 (30553672)
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| Project Period (FY) |
2009 – 2010
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| Keywords | マクロ経済学 |
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| Research Abstract |
In this project, I investigate theoretical and empirical studies about a news-driven business cycle, where a positive news about the future causes a current boom. Especially, I study that (1) the relationship between habit in consumption and NDBCs, (2) the relationship between the nominal price rigidity and NDBCs, and (3) NDBCs in a medium-scale DSGE model, that is estimated for the Japanese economy.
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