2014 Fiscal Year Final Research Report
Asset price, financial market, and fiscal policy
| Project/Area Number |
24730171
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic theory
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| Research Institution | Senshu University |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2015-03-31
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| Keywords | 財政政策 / マクロ経済学 / 資産価格 / 経済政策 |
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| Outline of Final Research Achievements |
This project focuses on the role of financial market and asset price for economic policy. (1) It is found that the asset price is a target of fiscal policy, especially government spending, in Japan by using macroeconomic data. (2) It is also shown that the asset-price-targeting government spending is a cause of equilibrium indeterminacy in a standard New Keynesian sticky price model, theoretically. (3) As a development of a tool for analyses, the role of asset-price-targeting monetary policy is also investigated.
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| Free Research Field |
マクロ経済学
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