Shock Transmission and the Choice of Exchange Rate Regime: An Empirical Analysis with the New Global Input-Output Table

2014 Fiscal Year Final Research Report

• Project/Area Number: 24330101
• Research Category: Grant-in-Aid for Scientific Research (B)
• Allocation Type: Partial Multi-year Fund
• Section: 一般
• Research Field: Public finance/Monetary economics
• Research Institution: Yokohama National University
• Principal Investigator: SATO Kiyotaka 横浜国立大学, 国際社会科学研究院, 教授 (30311319)
• Co-Investigator(Kenkyū-buntansha): SHIMIZU Junko 学習院大学, 経済学部, 教授 (70377068) ; KUMAKURA Masanaga 駒澤大学, 経営学部, 教授 (20347503)
• Project Period (FY): 2012-04-01 – 2015-03-31
• Keywords: 国際産業連関表 / 均衡為替レート / アジア / 通貨統合 / 最適通貨圏 / 景気循環 / 生産ネットワーク

Outline of Final Research Achievements

This research project constructed a new Global Input-Output Table focusing on Asia. Utilizing the Global Input-Output Table, we empirically analyzed how and to what extent an economic shock is transmitted globally and regionally. In collaboration with the Research Institute of Economy, Trade and Industry (RIETI) and Chinese Academy of Social Sciences (CASS), we constructed the new database of industry-specific real effective exchange rates, and empirically investigated what the optimal exchange rate policy is for Asian economies.

Free Research Field

国際金融・為替レートの実証研究