2014 Fiscal Year Final Research Report
Currency Integration and Fiscal Discipline
| Project/Area Number |
24730280
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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 |
Public finance/Monetary economics
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| Research Institution | Nanzan 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 | Small Open Economy / Lending Rate Spread / Monetary Policy / ASEAN / NOEM Model / Currency Integration / Labor Mobility / Exchange Rate Regime |
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| Outline of Final Research Achievements |
In this research project, I have examined desirable monetary policy with open-economy macroeconomic models, and published two articles in international refereed journals through this project. First paper has been published in Asian Economic Journal. In the first paper, I investigated the welfare implications of monetary policy arrangements in a small open economy, considering firms’ bank-based finances that are widely observed in emerging ASEAN countries. Second paper has been published in Journal of Economic Integration. In the second paper, I assessed whether renouncing monetary policy autonomy becomes a cost of currency integration under labor mobility in the framework of the New Open Economy Macroeconomics.
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| Free Research Field |
国際金融論
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