The Evaluation of Fiscal Policy Based on Multi-Region DSGE Model

2014 Fiscal Year Final Research Report

• Project/Area Number: 22330090
• Research Category: Grant-in-Aid for Scientific Research (B)
• Allocation Type: Single-year Grants
• Section: 一般
• Research Field: Economic policy
• Research Institution: Meiji University
• Principal Investigator: CHIDA Ryokichi 明治大学, 商学部, 教授 (80179944)
• Co-Investigator(Kenkyū-buntansha): TSUKAHARA Yasuhiro 明治大学, 情報コミュニケーション学部, 教授 (00207341) ; HATANO Toshiya 明治大学, 商学部, 教授 (00303040) ; YAMADA Tomoaki 明治大学, 商学部, 教授 (00440206) ; KATO Hisakazu 明治大学, 政治経済学部, 教授 (90409491) ; TAMEGAWA Kenichi 山形大学, 人文学部, 准教授 (80409424) ; FUKUDA Shin 福島大学, 経済経営学類, 准教授 (90573957)
• Project Period (FY): 2010-04-01 – 2015-03-31
• Keywords: 経済政策 / 経済統計学 / 地域連関 / 動学的一般均衡 / DSGE

Outline of Final Research Achievements

If people take a forward-looking behavior, the effects of fiscal expansion tend to be small. People expect the future tax burden caused by the current fiscal expansion. However, when fiscal expansion can raise the labor productivity of a region, the expected future income of the region increases and people move into the region. The regional economy can be vitalized through the labor mobility and the effects of fiscal policy become larger than those without labor mobility.

Free Research Field

経済統計学