1 1 1 [2000]

Size: px

Start display at page:

Download "1 1 1 [2000]"

ゆきふじした
5 years ago
Views:

1 *

2 1 1 1 [2000]

3 1 B to C 億円日本米国 213, , ,900 71,100 66,620 42,700 43,860 22,500 26,940 15, ,360 7, 年 1999 年 2000 年 2001 年 2002 年 2003 年 2004 年 1 1$=120 B to C % 年 1999 年 2000 年 2001 年 2002 年 2003 年 2004 年 2 B to C 3

4 2 B to B 兆円日本米国年 1999 年 2000 年 2001 年 2002 年 2003 年 1 1$=120 B to B 25 % 米国日本年 1999 年 2000 年 2001 年 2002 年 2003 年 2 B to B 1 4

5 DVD L , [2000] Brynjolfsson and Smith [1999] CD 16% 9% CD 13% 6 5

6 1 1 6

7 1 1 Bailey [1998] Brynjolfsson and Smith [1999] 1 Brynjolfsson and Smith [1999] CD Okun [1981] Okun Okun intertemporal comparison shopping Okun [1989] 7

8 3 1 ( ) ( ) ( ) Brynjolfsson and Smith [1999] 4 CD 1 Brynjolfsson and Smith [1999] 8

10 TFP TFP TFP David [1990] TFP 19 [1997] Nordhaus [1997] 2 1 TFP 10

11 CPI 1.2% % 70% TFP 0.6% 1.8% TFP 19 (1) (2) (3) (4) TFP TFP Gordon [1999] 5 11

12 FRB 3 Oliner and Sichel [2000] 1994 Oliner and Sichel [1994] % CEA % 5 12

13 IT 0.47% TFP 0.23% TFP 0.7% TFP

14 TFP GDP TFP GDP GDP TFP GDP TFP TFP TFP 14

15 Orphanides FRB Orphanides [2000] Fed 1970 Fed 15

16 1 2 MMF GDP G10 aggregate % GDP [1999] 16

17 7 8 17

19 Poole [1970] GDP Friedman [1999] GDP 3 19

20 Dollarization currency substitution Dollarization FRB FRB MMF 20

21 , , Mishkin and Strahan [1999], Call Reports. 21

22 22

23 1 23

24 2 2 [2000]

26 Y2K Y2K Y2K

27 % % 27

28 12 (%) コール (O/N) TB(3ヶ月 ) JGB(1 年 ) JGB(2 年 ) JGB(5 年 ) JGB(10 年 ) 年 1999 年 Bloomberg 28

29 G

30 2 30

31 Y2K

32 13 ( 兆円 ) その他当預超過準備所要準備年 1998 年 1999 年 1 32

33 ECB 4 Padoa-Schioppa [1996] Padoa-Schioppa 33

35 % [2000] 35

36 [2000] 36

37 15 GDP 米国日本ドイツ OECD, Economic Outlook GDP

38 2 1 38

40 17 IMES Discussion Paper, forthcoming IMES Discussion Paper Series No J IMES Discussion Paper No J IMES Discussion Paper No.2000-J

41 Bailey, J.P., Electronic Commerce: Prices and Consumer Issues for Three Products: Books, Compact Discs, and Software, OECD, Brynjolfsson, E. and Smith, M.D., Frictionless Commerce? A Comparison of Internet and Conventional Retailers, MIT Sloan School of Management, David, P., The Dynamo and the Computer: A Historic Perspective on the Modern Productivity Paradox, American Economic Review, Friedman, B. M., The Future of Monetary Policy: The Central Bank as an Army with Only a Signal Corps, NBER Working Paper No.7420, November Gordon, R. J., Monetary Policy in the Age of Information Technology, IMES Discussion Paper No.99-E-12 Institute for Monetary and Economic Studies, Bank of Japan, Mishkin, F., and Strahan, P., What will Technology Do to Financial Structure?, NBER Working Paper No. 6892, Nordhaus, W., Traditional Productivity Estimates are Asleep at the (Technological) Switch, Economic Journal, September Okun, A. M., Prices and Quantities: A Macroeconomic Analysis, Brooking Institution, Oliner, S.D., and Sichel, D.E., Computers and Output Growth Revisited: How Big is the Puzzle, Brookings Papers on Economic Activity 2, 1994., and, Computers and Productivity Growth in the 1990s, mimeo, Orphanides, A., The Quest for Prosperity without Inflation, Working Paper, No. 15, European Central Bank,

42 Padoa-Schioppa, T., Styles of Monetary Management, Monetary and Economic Studies 14 (1), Institute for Monetary and Economic Studies, Bank of Japan, 1996, pp Poole, W., Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model, Quarterly Journal of Economics 84, May

03.™ƒ−ÔŁñ“’

03.™ƒ−ÔŁñ“’ BIS BIS, Implications for Central Banks of the Development of Electronic Money, 1996. IC IC IC BC BA IC IC ATM ATM BIS POS IC IC ICICIC ECOM ECOM face-to-face IC Berger, A. N., D. Hancock, and J. C.