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Expectation index anomaly and macroeconomics

Research Project

Project/Area Number 23730289
Research Category

Grant-in-Aid for Young Scientists (B)

Allocation TypeMulti-year Fund
Research Field Economic policy
Research InstitutionKyoto Sangyo University

Principal Investigator

TERAI Akira  京都産業大学, 経済学部, 准教授 (20387989)

Project Period (FY) 2011 – 2013
Project Status Completed (Fiscal Year 2013)
Budget Amount *help
¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2013: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2012: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000)
Fiscal Year 2011: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Keywords日本経済 / 経済政策 / 経済事情 / 経済理論 / 経済統計学 / マクロ経済学 / 期待インフレ率 / 選挙制度
Research Abstract

In this research, I performed a theory and empirical analysis of inflation expectation. First, I used Monte Carlo simulation to compute the results the candidates' preferences bring in an election system. I found that in a single-seat constituency system, an inflated number of seats are won compared to that implied by the cube rule. In the proportional representation system, approval ratings are fairly reflected in the number of seats won. Second, under the assumption that the respondent's distribution of inflation expectation has come from "mixture distribution," I developed the method to generate the inflation expectation series. I found that the series is superior to the existing one with respect to rationality.

Report

(4 results)
  • 2013 Annual Research Report   Final Research Report ( PDF )
  • 2012 Research-status Report
  • 2011 Research-status Report
  • Research Products

    (6 results)

All 2014 2012 2011 Other

All Journal Article (4 results) (of which Peer Reviewed: 4 results) Book (1 results) Remarks (1 results)

  • [Journal Article] インフレ期待の分布の分析―固定的なインフレ期待層―2014

    • Author(s)
      寺井晃
    • Journal Title

      京都産業大学論集 社会科学系列

      Volume: 第31号 Pages: 57-73

    • NAID

      110009792456

    • Related Report
      2013 Final Research Report
    • Peer Reviewed
  • [Journal Article] インフレ期待の分布の分析-固定的なインフレ期待層-2014

    • Author(s)
      寺井晃
    • Journal Title

      京都産業大学論集

      Volume: 31 Pages: 57-73

    • NAID

      110009792456

    • Related Report
      2013 Annual Research Report
    • Peer Reviewed
  • [Journal Article] 選挙制度についての分析―政党支持率と獲得議席数の乖離についてのシミュレーション―2012

    • Author(s)
      寺井晃
    • Journal Title

      京都産業大学論集 社会科学系列

      Volume: 第29号 Pages: 143-154

    • NAID

      120005382035

    • URL

      http://ci.nii.ac.jp/naid/110009005090

    • Related Report
      2013 Final Research Report
    • Peer Reviewed
  • [Journal Article] 選挙制度についての分析―政党支持率と獲得議席数の乖離についてのシミュレーション―2012

    • Author(s)
      寺井晃
    • Journal Title

      京都産業大学論集 社会科学系列

      Volume: 29 Pages: 143-154

    • NAID

      120005382035

    • Related Report
      2011 Research-status Report
    • Peer Reviewed
  • [Book] 経済学のはじめの一歩(第2版)2011

    • Author(s)
      朴勝俊,飯田善郎,寺井晃
    • Total Pages
      313
    • Publisher
      晃洋書房
    • Related Report
      2013 Final Research Report
  • [Remarks]

    • URL

      http://www.cc.kyoto-su.ac.jp/~aterai/

    • Related Report
      2013 Final Research Report

URL: 

Published: 2011-08-05   Modified: 2019-07-29  

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