2011 Fiscal Year Final Research Report
Dynamic Analysis on Fiscal Policy under Imperfect Competition
| Project/Area Number |
22730268
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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 | Kinki University |
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Principal Investigator |
TAMAI Toshiki 近畿大学, 経済学部, 准教授 (00456584)
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| Project Period (FY) |
2010 – 2011
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| Keywords | 不完全競争 / 財政政策 |
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| Research Abstract |
This study presents a realistic model of effective demand in the monetary production economy. The study shows that the aggregate demand size affects the aggregate income and employment level. A constitutive shortage of aggregate demand brings about constitutive unemployment equilibria. The fiscal policy is effective to promote the expansion of aggregate income and employment, and raises social welfare.
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