2015 Fiscal Year Final Research Report
On the Mechanisms of Medium-term Cycle and Policy Analysis
| Project/Area Number |
24330094
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| Research Category |
Grant-in-Aid for Scientific Research (B)
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| Allocation Type | Partial Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Kansai University |
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Principal Investigator |
Inaba Masaru 関西大学, 経済学部, 准教授 (50611315)
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| Co-Investigator(Kenkyū-buntansha) |
NUTAHARA KENGO 専修大学, 経済学部, 准教授 (30553672)
JINNAI RYO 一橋大学, 経済研究所, 准教授 (50765617)
MIYAZAWA KENSUKE 九州大学, 経済学研究科(研究院), 准教授 (80609826)
YAMADA JUNJI 富山大学, 経済学部, 准教授 (10633993)
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| Project Period (FY) |
2012-04-01 – 2016-03-31
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| Keywords | ミディアム・タームな景気循環 / R&D / news shocks / 金融制約 / 合理的バブル / Lafferカーブ / 経常収支 |
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| Outline of Final Research Achievements |
The purpose of this project is to study the mechanisms of medium-term cycle. The main results are as follows. Firstly, R&D activities can be a key mechanism to explain the empirical facts on asset prices and news shocks. Secondly, in an economy with financial frictions, R&D activities and bubbles have permanent effects on the economy.Thirdly, the taxation and the government's plan for economic growth can affect the fiscal soundness in the medium and the long terms. Finally, demographic movement and the growth rate of aggregate productivity are the main driving forces for the behavior of the current account in Japan.
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| Free Research Field |
マクロ経済学
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