|
|
|
- けんじ りゅうとう
- 5 years ago
- Views:
Transcription
1
2
3
4 PB PB PB 1 2 PB FTPL 6 PB GDP PB
5 FTPL YCC 1 YCC
6 QQE 4 CPI+2 +50/ YCC QQE 1 YCC YCC 隙
7 FOMC FOMC FF MBS FOMC / B/S B/S MBS FOMC FRB B/S
8 FOMC B/S FRB FOMC 4.00% 3.80% 3.60% 3.40% 3.20% % 2.60% Jun-14 FRB Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun B/S FOMC 捗 GDP PCE FOMC 謎 3.00% FRB GDP (6) n.a (6) n.a PCE (6) n.a. 2.0 PCE (6) n.a. FRB
9 FOMC FRB 摯
10 INDB FRB 3 6 ECB
11 PBoC PBoC NEC
12 HIA 1 9 FOMC 9 FOMC FOMC B/S FOMC ECB ECB ECB ,000 10,000 IMM 5, ,000-10,000-15,000-20,000-25,000 15/09 15/12 16/03 16/06 16/09 16/12 17/03 17/06 Bloomberg J
13 / FRB EU 26.7% 26.0%
14 9 ECB MRO APP APP 7 20 APP 1 10 APP ECB 6 ECB ECB APP APP 2 APP the recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-term outlook for price stability
15 23 APP APP the bulk of these decisions I don't GDP HICP HICP 2017/18/ /+1.2/ ECB HICP 穿 APP
16 HICP a low-inflation era 2007 Fed HICP ECB ECB HICP ECB exogenous shocks to the exchange rate an unwarranted tightening of financial conditions 2 HICP
17 HICP 逼 HICP HICP / ECB ECB APP 10/ / / / / / / / / /07 Bloomberg /
18 ECB ECB 9 24 RAI ECB ECB EU ECB SMP ECB ECB 2 ECB ECB
19 ECB 2011 ECB EU ECOFIN EU QMV3 ECB ECB Qualified Majority Voting QMV ECOFIN EU 65 2 QMV the double majorityqmv EU 35 4 the blocking minority
20 ECB ECB ECB ECB 辿 40 煽 +2 ECB MCI 9 ECB MCIMonetary Condition Index) 1 MCI REER REER 6: / HICP REER MCI MCI 5 4 / MCI MCI 61 OECD GDP
21 1 REER REER BIS REER REER HICP REER REER REER REER 9 ECB 4 ECB
2019 8 1 1 2019 8 1 2 612 7 IMF 1 2019 External Sector ReportESR IMF 20196 10.0 5.0 0.0 1 ESR ESR -5.0-10.0-15.0-20.0-25.0-30.0 MXN JPY SEK GBP NOK CAD AUD EUR DKK KRW NZD CHF USD BIS - 2018 REER 612 the
第33回 ESRI－経済政策フォーラム
?! BNP 2.4 2.4 1.6 (1.62).8 (1.56) 1.5 (2.).1.1.2 (.27).4 (.56).3 (.54) 1.9 2.4 2.1.9 1.2 -.1.1..6.2 3.1 2.9 2.2.9 (1.58) 1.4 (2.42) 2.2 2.5 2.3 2.4 1.7 1.6 2.9 2.6 1.1 1.3 1.4 1.4 1.9 1.8 1.9 1 7 65 (PMI)
5 5 (%) 9. 3 5 3 8. 7. 5. 5.. 5 5 5 3 8 5 3.9 3.. 1/3 1/9 /3 /9 3/3 3/9 /3 /9 5/3
I *1 *1 ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) * ( ) ( ) ( ) ( ) ( ) ( ) (JCR) G7 *1) *) (1) JCR AAA ( ) 1 () 5 - IT 1 5 5 (%) 9. 3 5 3 8. 7. 5. 5.. 5 5 5 3 8 5 3.9 3.. 1/3 1/9 /3 /9 3/3 3/9 /3 /9 5/3 1 (%).
本文
Oct 25, 2013 1. (1) (2) (3) (4) 2. 3. (1) (2) (3) (4) (5) (6) (7)2013 4. (1) FRB (2) 9 FOMC (3) Tapering (03-3497-3675) miwa-y @itochu.co.jp (03-3497-6284) maruyama-yo @itochu.co.jp Summary 10 1 17 2 10
PDF用 レポート：中国保険市場の現状と展望.PDF
1 INDEX 2 4 9 13 24 29 2 3 4 1000 900 800 700 600 500 400 300 200 100 0 90 91 92 93 94 95 96 97 98 99 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 100% 50% 0% 89 90 91 92 93 94 95 96 97 98 99 5 6 7 8 9
.. (FX)....WEB. 2
2008.10 SBI SBI ( ) ( ) 44 ( ) 1 .. (FX)....WEB. 2 3 4 5 6 7 8 9 10 ( ) ( ) (FX) ( ) FX - FX 10 10.6 1 ( 106 ) 11 ( ) FX 1. FX FX 2. 3. 4. 24 FX 24 12 13 ( ) FX 14 ( ) 1 2-7 - 5-5 NZ - 4-8 - 4-2 - 0.0005-0.0007-0.0004-4
本文
Aug 19, 213 1. (1)FRB (2)GDP 2. 3. (1)6 GDP (2)6 (3)213 ()213. (1) (2)7 (3) () (5) (6) (7) (3-397-3675) miwa-y @itochu.co.jp (3-397-628) maruyama-yo @itochu.co.jp Summary FRB FRB 213 1.% 213 1 1 7.%28
untitled
2007.4 No.672 CONTENTS 1 3 21 FOMC FRB FF 5.25 1 FF 5.01 25bp 3 5.01 FF 4.58 2 FF 1 7 10 2 2 FF FF 10 2 () (bp 5.2 FF6 5.4 10 5.0 5.2 4.8 5.0 30 20 4.6 4.8 10 2 4.4 4.6 FF 0-10 4.4 FF12-20 10 2 () -30
財務情報
50 Financial Information >> 52 54 66 68 69 71 72 51 2004 4,625,151 2,605,343 2,019,807 N/A 373,435 139,401 234,034 (7,603) 2005 2006 2007 2008 2008 4,664,514 4,637,657 4,769,387 6,409,727 $ 63,976 2,650,586
-February FRB BIS IMF BIS Spillover Spillovers BIS IMF EMEs
BIS FRB BIS BIS FRB QE QE -February FRB BIS IMF BIS Spillover Spillovers BIS IMF EMEs GDP GDP........ GDP BIS, 83rd Annual Report, June 2013, p.14 Ibid., p.14. -February 1 1 2009 2013 2) 2009 2013 2) -7.6-4.0
欧州に見るマイナス金利が銀行に及ぼす影響
TEL 3-6733-17 E-mail 1 / 14 216 5 27 TEL 3-6733-17 E-mail 2 / 14 EU 2161 2146 2152 2127 2149 21412 2163 216 3.1%.1%...5%.6% 1.25%.65% CD.75%.5% 1.45% 1.2% 1 (2164 ).82%.97%.62%.51%.259% 3.325% 2161 1 6,4
本文
Dec 2, 211 1. (1) (2) Summary 11 2. (1)12 FOMC (2) (3)212 FOMC 3. (1)112 (2) (3) (4) (5) (6) 1 (7) 2 1 11 112 4.% 79 212 2.1%213 2.3% (3-3497-3675) miwa-y @itochu.co.jp (3-3497-6284) maruyama-yo @itochu.co.jp
untitled
23 211 1 17 1 1 9 8 29 9 3 1 6 +11% +6%+9% +1%+7% +9%+22% +17% +6%+62%+68% 7-9 GDP 4 2 2 1 1 - -1-1 -2-2 3 1DI 116 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 6 12 92 8 1. DI 2. 12 UFJ 1 12 9 2% 1 2 211
... 1 靱
... 1 靱... 2... 2... 13... 21... 26... 34... 38... 40... 40... 42... 46... 50... 52... 52... 54... 59... 61... 62... 63 靱 捗 靱 靱 捗 捗 煽 700 600 500
81 3 4 1 2 3 1991 1995 1984 1994 80 5 6 2012 3 1 1 1 6 8 1990 2 21 1,161 26 1,569 3 13 1,353 30 1,045 4 2 1,978 4 2 28,002 1 8 2 10 1 20,221 1991 3 18
1991 1995 26 1989 12 1991 1980 1991 1993 7 1.75 1994 1994 12 27 1995 2 0.5 1995 6 313 75 81 3 4 1 2 3 1991 1995 1984 1994 80 5 6 2012 3 1 1 1 6 8 1990 2 21 1,161 26 1,569 3 13 1,353 30 1,045 4 2 1,978
untitled
IEEJ 1 IEEJ CO / 2 / CO / 3 4 2004 A B C D E F G 1 1 1 3 28 61 0 93 2 120 274 76 0 0 0 469 3 121 275 78 28 61 0 563 4-3 -18-0 0 0 0-21 5 118 256 78 28 61 0 542 6-54 -16-50 -21-61 80-121 7-19 -17 0-7 0
無印良品のスキンケア
2 3 4 5 P.22 P.10 P.18 P.14 P.24 Na 6 7 P.10 P.22 P.14 P.18 P.24 8 9 1701172 1,400 1701189 1,000 1081267 1,600 1701257 2,600 1125923 450 1081250 1,800 1125916 650 1081144 1,800 1081229 1,500 Na 1701240
011-社会システム研究22_201-224岩田.indd
crises crisis GDP / ..... GDP GDP GDP GDP GDP ( GDP GDP GDP GDP GDP GDP NIES ASEAN BRICs GDP GDP GDP CO GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP GDP ASEAN NIES ASEAN
The Emerging Markets Monthly FRB B/S 8 25 ECB FOMC B/S FRB QE B/S 2013 FRB ECB 9 7 QE +2 7 PCE PMI
2017 9 4 The Emerging Markets Monthly FRB B/S... 2 CNY... 3 INR... 4 IDR BI... 5 KRW... 6 MYR... 7 PHP 46 GDP... 8 SGD MAS... 9 THB 46 GDP... 10 VND... 11 RUB RUB... 12 ZAR... 13 TRY... 14... 15 03-3242-7065
2002 715 02-13M 1. 200110 024 2. 3. 4. 100 60 5. 6. 2002715 1 1 1 4 9 9 12 12 13 14 14 15 15 17 17 18 22 22 23 25 25 25 29 200110 024 3 1 1965 500 800 3,000 2,000 1 1 60 2.84 1.173 1 2002 71 1,726 1,085
1 1 1 [2000]
![1 1 1 [2000]](/thumbs/88/114894310.jpg "1 1 1 [2000]")
* 2000 7 26 1 1 1 [2000] 1 2 1 2 2 1 B to C 250000 億円 200000 日本米国 213,200 150000 100000 50000 0 153,600 106,900 71,100 66,620 42,700 43,860 22,500 26,940 15,340 645 3,360 7,730 1998 年 1999 年 2000 年 2001
調査レポート
1 2 2 7.25 1 6.255.25 7 20052006 2006 2005 20 3 FX 10 2 1,000 0.5 4.5 120 115.2 3 1,000 8.3 1,000 1 40 1,000 4.5-0.5 4.8 / 40 8.3 4.8 / 1 2007 0.25 7.5 2 Forward rate Futures rate 3 1120 (10.04)115.2 4
本文
Apr 11, 213 (3-3497-3675) miwa-y @itochu.co.jp (3-3497-6284) maruyama-yo @itochu.co.jp 1. (1) (2) (3 (4) 2. (1)3 (2) (3)J (4) (5) (6) (7) (8) (9) (1) 46 3. Summary 2 2% 2 13 13 13 J 79 46 13 46 4 34 2%
001 No.3/12 1 1 2 3 4 5 6 4 8 13 27 33 39 001 No.3/12 4 001 No.3/12 5 001 No.3/12 6 001 No.3/12 7 001 8 No.3/12 001 No.3/12 9 001 10 No.3/12 001 No.3/12 11 Index 1 2 3 14 18 21 001 No.3/12 14 001 No.3/12
米国の利上げ見送りと日本の長期化した金融緩和
October vol. EY. : Contact EY EYInstitute@jp.ey.com. P.. P.. P.. P. P. P. P.. P.. P.9. P. . 9 FRB PCE.% % OPEC FRB 9FOMC FRB CME Fed Watch -bp -bp -bp 9 月 月 月 月 月 月 年 年 < 利上げ時期 > CME Fed Watch EY 9 vol.
27 27 2 9 28 8 2 2 GDP GDP 5.8. GDP 86.2 22 29 5 29 2 5 2 8 2 9 9 9 8 28 8.5 28 8.9 22.6 27 PB PB5.8 GDP 86.2 5 7 6 GDP 7 2 5 7 6 GDP IMF GDP IMF World Economic Outlook Database 28 29 GDP 25.. 8. 97.8
第９章 香港
1842 1997 1997 7 1 4 97 7 GDP 97 5.0% 98 5.1% 1999 98 1 GDP 99 2 5 1997 2 1999 2000 22 9 37 113 52 114 30 211 1,100 3 95% 2000 687 1996 60.3 32.6 95.2 38.1 1974 1993 25 8,000 24 9,180 214 331 757 757 1573
p029_045 コミュニケーション科学30_1(林先生).indd
日 本 国 家 の 決 断 2008 9 15 BRICS 2009 2 27 8 25 7000 8000 29 10 AIG 10 FRB 7000 10 1990 FRB 30 30 60 31 15 5 100 1929 1929 1920 32 30 1929 1927 1 155 1929 8 9 380 10 29 230 2008 9 BRICS 1929 1930 1935 100
CPI PMI / PMI PMI 50 MSCI VIX CBRT CBRT 16 C
The Emerging Markets Weekly / 14 6 1 EU 15 4 3 10 16 EU ECB 2,500 10 3.10 17 10 16 BOTMPC 1.50 BOK BI 17 25 4.50 25 5.25 3.75 1.50 takahiko.sasaki@mizuho-bk.co.jp kenta.tadaide@mizuho-bk.co.jp yuki.ooshima@mizuho-bk.co.jp
- October / QQE GDP QE
................. - October / QQE GDP QE de facto / - October - - (y/y, %) 6 1 16 5 1 1 1 3 6 1 - - -1-6 - China Malaysia - -1 Indonesia Thailand -1 Korea HK (RHA) -3 5 7 9 11 13 15 Source: International
高齢化による影響と波及効果
1 1. 2000 65 7.2 1 2018 14.3 8 2026 1955 1963 20.8 2050 38.2 < 1-1> 65 65 : Korean Statistical Information System(KOSIS) database (0 14 )1960 42.3 2000 21.1 40 2020 12.42050 8.9 (15 64 ) 1960 54.8 2000
p. 137 p. 136 PIIGS STUPID EC PIIGS EC
p. 137 p. 136 PIIGS STUPID EC PIIGS EC GDP.. EU GDP European Monetary Union since 1848 E U EU EU GDP pp. 63 64 EU Newsweek EU BNP ECB CDS CDS CDS CDS Newsweek CDS ISDA CDS CDS p. 68 p. 107 pp. 107 108
ㅊㅪㅳã…
G FF FBR p J K p FRB GM GNP GM GM UAW GM NY GM GM GM GM GM GM GM GM GM MBA p A B GM Q GM / / GM G TOPIX VUL V U OMB ISDA CDS the notional amount outstanding ISDA] CDS CDS CDS Over The Counter OTC FRB FRB
１章
... 1... 1... 1... 2... 2... 3... 3... 6... 10... 14... 18... 19... 20... 23... 29... 29... 33... 40... 47... 48... 48... 54... 54... 59... 61 ... 63... 65... 65... 66... 66... 69... 71... 107 1 2 3 //
新興諸国における集団投資スキーム（付：インド投信の概況）
1 IOSCO 2004 2003 42 7,000 5 5 3.3 06 44 1 0.6 49 390 IOSCO 7 Collective Investment Schemes in Emerging Markets IOSCO 2004 78 42 182 Collective Investment Scheme CIS IOSCO http://www.iosco.org/ http://www.amfiindia.com/
571†i−â−Ô”††j
Iwama Koichi 7336 OPEC 8685 7 86 3 87.5 83 3 8 7 6 5 4 3 8 8 8 6 7 8 8 86WTI 3 4 5 6 7 BP767 8 3 4 5 6 7 No. 578 5 7 BRICs 673 33 535 NYMEX WTIWTI 385.4% WTI83 6 WTI53 WTI8 WTI 7 78BNP No. 578 5 3 7 5
untitled
12 News Release 2 3 4 謎 5 1929 辿 1954 0 22 23 1958 1953 1960 1963 1964 1971 28 1930 30 33 34 41 1931 6 1973 1976 1978 1996 1979 2002 43 46 48 49 66 2000 70 1981 51 1989 1980 50 59 1997 67 i S 7 辿 8 9 The
しぶやの環境（平成24年度・平成25年度版）
逼 汲 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 125,138 121,926 119,665 112,989 102,079 97,549 98,410 87,640 84,132 94,338 74,487 92,915 79,543 69,628
1
1 2 3 4 46 144 5 800 105.0 700 100.0 600 95.0 500 90.0 400 85.0 300 80.0 200 75.0 100 70.0 0 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Microsoft Word - マラソンセミナー＜一般常識＞（2010年度受験用別冊テキスト） .doc
2012 Genichiro Ueyama, All Rights Reserved. [] 1 1. 40 40 2. 3. 4. 5. 60 2 1. 60 60 [] 2009 1. 39 100 2. 15 3. 30 18 4. 123450 5622 78 84 9 101116 [] 3 2009 2008 2007 2016 FRB 2008 (UNWTO) 2008 GDP GDP
商学 ６６‐６☆／７．松浦
1139 2008 9 2008 9 FRB : Federal Reserve Board FRB FRB 1140 1 2008 9 1 1999 2013 Bureau of Economic Analysis, Survey of Current Bunisess, International Data http : //www.bea.gov. 2014 8 10 1141 2000 1
2 271222 IMF201510 3 4 ECB2015123 FOMC20151216 0.250.50 5 2007 Bloomberg 6 / 7 102012.12- : 8 0.548 3.028 2013.12.31 2.045 2013.9.11 2.631 2013.9.10 FRB 2013.5.22 2013.4.4 ECB 0.5 0.25 2013.11.7 2013.3.20
野村資本市場研究所｜アジアの金融競争力（PDF）
2013 Spring 1. GDP 3 26% 2. 3. 4. GDP 1 GDP 2000 25.4% 2012 10 IMF 1 GDP 28.7%GDP 10.7% 20.3% 2000 2012 10 2 3 2000 2012 4.2 5.4 2 2000 14% 2012 26% GDP 2012 30 10 32003 11 2013 Spring 100% 2 90% 80% 70%
ＧＤＰギャップと潜在成長率
2003 output gap 80 1 20 90 20 70 2 1 2 output gap potential output 1 2 (2001) 3 potential rate of growth 2000 Meyer (2000) European Central Bank: (1999b) 2002 10 4 3 (2000) 4 4 () 5 5 5 6 () () 7 Total
29 Short-time prediction of time series data for binary option trade
29 Short-time prediction of time series data for binary option trade 1180365 2018 2 28 RSI(Relative Strength Index) 3 USD/JPY 1 2001 1 2 4 10 2017 12 29 17 00 1 high low i Abstract Short-time prediction
The Emerging Markets Monthly... 2 CNY... 3 INR RBI... 4 IDR... 5 KRW... 6 MYR... 7 PHP... 8 BRL BCB... 9 THB GDP MXN MXN RUB... 1
2018 6 1 The Emerging Markets Monthly... 2 CNY... 3 INR RBI... 4 IDR... 5 KRW... 6 MYR... 7 PHP... 8 BRL BCB... 9 THB GDP... 10 MXN MXN... 11 RUB... 12 ZAR... 13 TRY... 14... 15 03-3242-7065 takahiko.sasaki@mizuho-bk.co.jp
26 multiculturarism 25 EU 21
2 IOM NGO integration assimilation 25 26 multiculturarism 25 EU 21 IOM 27 5 10 28 13 8.9 734 200 187 100 33 1990 460 1,420 960 2003 76 9,000 62 6,000 500 2003 76 9,000 13 3,000 EU EU EU EU 7 EU EU 200
(%) 6. 5. 4. 3. 2. 1.. -1. -2. -3. -4. -5. 21/1-3 22/1-3 23/1-3 24/1-3 18, 17, 16, 15, 1 92 84 76 14, 68 13, 6 12, 52 11, 44 1, 9, 8, 7, 36 28 2 22/1 22/7 23/1 23/7 ( 1 FACT BOOK 24 2 14, 12, 1, 8, 6,
Tel03-3288-4528
No.2007-7 E-Mailmochinaga.teteusji@jri.co.jp Tel03-3288-4528 70 20 = ( 1995 2001 2002 6 200713 ( OECD Economic Outlook (2005) (2005) (2005) (2004) (2005) (2005) 7 90 0 160 ( 1 ( ( 2004 éé ( 1 12829 2.532
老いても美しく輝くために
1998 11-1- 1998 1 1 1979 82 3 1 2 3 20 3 1 2 3 1 2 3 3 1985 3-2- 1998 11 20 2 1985 1985 1-3- 1998 1989 4 3 1 80 5 6 1-4- 1998 1985 1 1 2 2-5- 1998 1 11 11-6- 1998 GDP 16% 19% 1 2 3 14 18 42 3 ( 3) 3-7-
野村ウィークリー
Nomura Weekly CONTENTS 12/3 2018 Vol.17 2018 11 30 1. 2.2 2000 3. FRB 4. 1 2018 12 3 2.1 5.1 6.8 6.2 3.2 2.7-4.7 0.2 5.2 4.6 2.6 3.0 5.0 3.2 3.2 5.3 4.6-6.0-4.0-2.0 0.0 2.0 4.0 6.0 8.0 0 1,000 2,000 3,000
デフレの定義（最新版）.PDF
DP/01-1 Director General for Economic Assessment and Policy Analysis CABINET OFFICE E-mail : naoki.okamoto@mfs.cao.go.jp 1 2 3 i (ii) 4 5 Deflation defined as at least two consecutive years of price decreases.
橡20内藤仁美.PDF
1 1 2 2 1 2 3 1 2 1997 7 1 30 1 1 2 3 3 3 1 2 365 2003 2 IMF 3 4 1 1 2 2 1 1 1997 7 2 15 97 98 5 30 3 2 1 1 5 1 97 7 10 1 97 7 10 ASEAN4 7 10 366 4 25 35 2.8 2.7 6.8 2 97 10 11 2 10 11 10 7 1983 10 23
財政再建は待ったなし
54.6 72.6. 図表 15 IMF EU による欧州諸国への支援内容 資料 財務省 図表 16 政府経済見通しと実績 名目 GDP 成長率 図表 17 政府経済見通しと実績 実質 GDP 成長率 13 這 辿 這 這 這 這 可能となり Ｂでかろうじて横這い Ｃ Ｄでは発散経路に乗ることになる 図表 31 図表 26 名目 GDP 図表 27 基礎的財政収支 PB
- March SCB -, -, -, -, -, -, -, -, -, -,,,,,, -, -, -, -,, -,,,, -,,,,,, - -,, -,, Survey of Current Business, July, Table (p. ), Oct, Table (p. ) S.
- March SCB -, -, -, -, -, -, -, -, -, -,,,,,, -, -, -, -,, -,,,, -,,,,,, - -,, -,, Survey of Current Business, July, Table (p. ), Oct, Table (p. ) S.C.B. July, Table SCB, -, - - -, -, - -,,,, - Ibid.,
相次いで打ち出される中国の消費振興策
289 216 1 (%) GDP 9 212 213 214 215 216 8 7 6 5 4 3 2 1 IMF IMF Emerging and Developing Asia IMF IMF World Economic Outlook Update, July 216 1 21 EU 23.7% 29.7% GDP 2 21 221 19.3% 6.5% 2.8% 31.% EU 19.%
(21.5%) ( %) ( %)
2018 GDP 564.3 2025 GDP 645.6 2040 GDP 790.6 39.2 (7.0%) 10.7 (1.9%) 47.8 47.4 15.3 (2.4%) (7.4%) (7.3%) 68.5 66.7 25.8 (3.3%) (8.4%) (8.7%) 49.9 62.763.1 92.594.3 (8.8%) (9.79.8%) (11.711.9%) 2018 GDP
物価変動の決定要因について ― 需給ギャップと物価変動の関係の国際比較を中心に―
NAIRU NAIRU NAIRU GDPGDP NAIRUNon- Accelerating Inflation Rate of Unemployment GDP GDP NAIRU Lown and RichFisher, Mahadeva and Whitley raw materials G NAIRUTurnerFai WatanabeNAIRU Watanabe nested NAIRU
P50 12 P52 P60 P81 P88 P53 P87 49
P5012 P52 P60 P81 P88 P53 P87 49 12 21 1 2 3 4............................... 9,958.44 10,133.23 10,546.44 11,089.94 1.......................... 1,721 1,519 1,464 1,507...........................................
- 1 -
- 1 - - 2 - - 3 - - 4 - - 5 - - 6 - - 7 - - 8 - - 9 - - 10 - - 11 - - 12 - - 13 - - 14 - - 15 - - 16 - - 17 - - 18 - - 19 - - 20 - - 21 - - 22 - - 23 - - 24 - - 25 - - 26 - EC NEC - 27 - NEC - 28 - R NEC
資産価格と金融政策 ‐日本のゼロ金利政策・ グリーンスパン主義-
- 2009 9 26 1 cause and effect 80 ; 2000 1. 2. 1. 2. 2 1/2 1/2 Bernanke(2002) Friedman and Schwartz A Monetary History of the United States, 1867 to 1960(1963) 1928 29 FRB Fed FRB (p.290 ) Friedman and
金／金
IMF IMF M&A IMF IMF Gerchenkron Gerchenkron unbalanced growth Gerchenkron Johnson development state Hirschman IMF OECD IMF IMF GDP crony capitalism Krugman IMF capital market-based financial system bank-centered
BTMU
BTMU 1 8 11 17 21 24 BTMU 2012 2013 PE 5 2012 4 4 GDP 7.9% 7.4%2 2012 7.8% 9.3% 1999 8%2013 8.0% PM2.5 2 2011 2012 2012 2012 Q&A 2012 12 13 2013 1 1 BTMU 3 11 12 13 UFJ 2012 1 2012 10 20 12.1 16.609 11