2012 Fiscal Year Final Research Report
A Role of Optimal Fiscal Policy and Its Rule under Optimal Monetary Policy in Euro Zone
| Project/Area Number |
22730257
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Chiba Keizai University |
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Principal Investigator |
OKANO Eiji 千葉経済大学, 経済学部, 准教授 (20406713)
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| Project Period (FY) |
2010 – 2012
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| Keywords | 国際金融論 / 金融政策 |
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| Research Abstract |
This research agenda verifies effects of fiscal policy minimizing welfare costs and implementation rules of that fiscal policy theoretically by developing the model regarding current situation in European Monetary Zone following Dynamic Stochastic General Equilibrium. We found that the higher the share of non-tradable goods the higher the importance of the role of fiscal policy from the view point of minimizing welfare costs, although cooperative fiscal policy is redundant from that view point.
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