, Exchange & Finamce

Size: px
Start display at page:

Download ", Exchange & Finamce"

Transcription

1

2 , Exchange & Finamce ,

3 ,343, (T (T ,p3),p4)

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27 é

28

29

30

31 éé é

32

33

34 û

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92 Urban America: Goals and Problems, Materials compiled and prepared for Subcommittee on Urban Affairs of the Joint Economic Committee. Neighborhood Government; the Local Foundations of Political Life, Regulating the Poor; The Function of Public Welfare The Public Interest, Summer The Federated City Participatory Democracy,

93

94

95

96

97

98

99

100

101

102

103

104 A 0 A i a a n a i a i a ni x = x 1t,x 2t,, x nt = 1t 2t nt c= c 1, c 2,, c n D E ( t ' t ) a a n a i a i a ni nn -1 A 0 - x t = A 0 c+a 0 A x t + A 0 A x t + + A 0 A q x t-q + A a n a n a ni a ni a nni i,q n

105 x t = k + B 1 x t + B x t + + B q x t-q + u u t i.i.d.0, u k = A 0 c B i = A 0 Ai i = 1,, q u t =A Eu t u= t u =A E t t A 0 =A 0 DA 0 1t 2t x = k +B L + B L + + B L x + u IBL x = k + u = k +BL x + u x =IB1 k +IBL -1 u = k+ u + u + u + s n t du j j s i x i ij,s x it+s ij,sdx du du it+s jt s i,j jt ujt t x t = IB1 A 0 c + IBL A t = c+ A t + A 0 t + A 0 t + 8 = c+ t + t + t + = c+l t i = i A 0 s n s t d j j s i x i ij,s x it+s ij,sdx d d it+s jt s i,j jt jt x 1t > x t > x nt nn n n n n n n n n n n

106 j jt i x i s ij,s d s i,j jt 0 B q h=0b h s -1-1 x t = c + h= t-h + t-h + sx t+s = c + h= h t+s-h + h t+s-h + t x t+s Ex t+s =c + h=s h t+s-h + h t+s-h + s s- x t+s - Ex 1t+s = h t+s-h + h t+s-h + x t+s - Ex t+s = t+s + t+s- + s- 1t+s-s- + t+s + t+s- + s- t+ + n nt+s + n nt+s- + ns- nt+ s x s 2 s- n 2 n0 n ns- n n n ns RVC ns n s h=

107 pbt yt pbt yt rt mt rt mt pb t y t r t m t t

108 pb y r m pb y r m r m pb y

109 npnn p t x t = pb t y t r t m t A 0 aypb arpb ampb ary amy amr aypbi A i ( i,,q ) arpbi aryi ampbi amyi amri T+h y t - y t y t / h t=t+

110 c cpb cy cr cm pb E () t t t y pbt yt rt mt r m A 0 aypb arpb ampb ary amy amr pbt yt rt mt t A0 cpb cy cr cm A(L) pbt yt rt mt pbt yt rt mt q

111 t a ypb a ry a mr a mpb a my pb t y t r t m t pb t- y t- r t- m t- pb t- y t- r t- m t-

112 A 0 t

113 ypb rpb mpb yr ym rm pbt yt rt mt []pbpb []ypb []rpb []mpb [ IB(1)] 0 []pby []yy []ry []my []pbr []yr []rr []mr []pbm []ym []rm []mm pbt yt rt mt

114 IB 1-1 A -1 0

115

116

117 American Economic Review The Review of Economics and Statistics Handbook of Macroeconomics The American Economic Review Review of Economics and Statistics Money Policy Shocks: What Have We Learned and to what End? Journal of the American Statistical Association Econometrica Econometrica Journal of Monetary Economics Journal of Post Keynesian Economics Journal of Post Keynesian Economics Contemporary money, banking, and financial markets: theory and practice Likelihood-based Inference in Cointegrated Vector Autoregressive Models Journal of Macroeconomics Jouranal

118 of the Japanese and International Economies Journal of Econometrics Stabilizing an unstable economy Journal of the Japanese and International Economies The Japanese Economic Review Review of Economic Studies Biometrika Journal of Post Keynesian Economics Brookings Papers on Economic Activity Credit, Money and Production The Quarterly Journal of Economics Waseda Economic Studies Journal of Post Keynesian Economics Money and credit in capitalist economies: the endogenous money approach Journal of Economic Issues

Public Investment, the Rate of Return, and Optimal Fiscal Policy Economic Growth Pioneering Economic Theory Mathematical Theories of Economic Growth Review of Economic Studiesvol.27 Econometrica vol.34

More information

Journal of Economic Behavior & Organization Quarterly Journal of Economics Review of Economics and Statistics Internal Labor Markets and Manpower Analysis Economics of Education Review Journal of Political

More information

untitled

untitled 2007 2 * (i) (ii) 2006 7 1999 2 2000 8 1 (2003) Oda and Ueda (2005) 2005 Kimura and Small(2006) Iwamura, Shiratsuka and Watanabe (2006) (2006) 3 (i) (ii) (iii) 2 2 3 4 2.1 (2003) (2005) 1) (i) (ii) (i)

More information

[17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2

[17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2 2002 4 1 1990 1 525-8577 1-1-1. Tel.: 077-561-4855. Fax.: 077-561-3964. E-mail: khori@ec.ritsumei.ac.jp 1 [17]Holmström and Tirole (2000) (1) (2) (1) (2) 1 1 2 MM MM MM MM CP 0 3 1 1990 1970 2 2 1 1 17%

More information

46−ª3�=4�“ƒ‚S“·‚Ö‡¦

46−ª3�=4�“ƒ‚S“·‚Ö‡¦ 463420101 1. 1989, Yoshida and Rasche1990, Rasche1990, 19921997, Fujiki and Mulligan1996, 1996, Sekine1998, 2001, Fujiki2002, 2003, 2004 Bahmani-Oskooee and Shabsigh1996, Amano and Wirjanto2000, Bahmani-Oskooee

More information

GDPギャップと潜在成長率

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

More information

untitled

untitled 2 book conference 1990 2003 14 Repeated Cross-Section Data 1 M1,M2 M1 Sekine(1998) Repeated Cross-Section Data 1 1. (1989), Yoshida and Rasche(1990), Rasche(1990), 19921997, Fujiki and Mulligan(1996),

More information

Constitution State colonies Provisions State Nutmeg State Land of Steady Habits Quinnehtukqut Quinnihtukqut Nautilus American Turtle Yankee Omi Omi Shonin Edo The Theory of Environmental Policy A Listing

More information

財政赤字の経済分析:中長期的視点からの考察

財政赤字の経済分析:中長期的視点からの考察 1998 1999 1998 1999 10 10 1999 30 (1982, 1996) (1997) (1977) (1990) (1996) (1997) (1996) Ihori, Doi, and Kondo (1999) (1982) (1984) (1987) (1993) (1997) (1998) CAPM 1980 (time inconsistency) Persson, Persson

More information

1990年代以降の日本の経済変動

1990年代以降の日本の経済変動 1990 * kenichi.sakura@boj.or.jp ** hitoshi.sasaki@boj.or.jp *** masahiro.higo@boj.or.jp No.05-J-10 2005 12 103-8660 30 * ** *** 1990 2005 12 1990 1990 1990 2005 11 2425 BIS E-mail: kenichi.sakura@boj.or.jp

More information

#10094931_信金7月号.indb

#10094931_信金7月号.indb 2006. 7 2006 7 2 4 24 41 58 84 85 97 99 2006 7 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 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55

More information

バーリ&ミーンズの株式会社論

バーリ&ミーンズの株式会社論 The Modern Corporation and Private Property The Modern Corporation and Private Property The journal of Law and Economics Harvard Law Review The Modern Corporation and Private Property Harvard

More information

Q E Q T a k Q Q Q T Q =

Q E Q T a k Q Q Q T Q = i 415 q q q q Q E Q T a k Q Q Q T Q = 10 30 j 19 25 22 E 23 R 9 i i V 25 60 1 20 1 18 59R1416R30 3018 1211931 30025R 10T1T 425R 11 50 101233 162 633315 22E1011 10T q 26T10T 12 3030 12 12 24 100 1E20 62

More information

デフレ不況下の金融政策をめぐる政治過程

デフレ不況下の金融政策をめぐる政治過程 1991 2003 GDP....................................... http://www.stat.go.jp/ http://www.boj.or.jp/ GDP http://www.esri.cao.go.jp/ GDP - - - inflation targeting Krugman a IS-LM liquidity trap Krugman b Krugman

More information

橡motonishi.PDF

橡motonishi.PDF 2000 3 ITME Discussion Paper No.26 850-8506 4-2-1 moto@net.nagasaki-u.ac.jp 1 1 MRF 1 (2000) 2 MRF 2 Schreft (1997) 3 2 Tobin (1985) Friedman (1992) 3 3 4 5 3 4 5 2 White (1984) 1 4 (1996) (1999) (1999)

More information

COC 1) 10% 24.2 34.2 COC+ (52%), 31% 17%, 52%, https://passnavi.evidus.com/search_univ/ 1 1/4, 54%, 46% 28, https://passnavi.evidus.com/search_univ/ 2) 2009 2009 3 73.8%36.6% 16.2%70.3% 2010 3 2008 (%)

More information

商学 65‐5☆/14.植田

商学 65‐5☆/14.植田 708 709 2000 2000 1 3 hedge speculative ponzi G Π DS G Πt DSt t 1,2,...,n 1 G Πt DSt 1 t j 2 G Πt DSt j 1 t n 3 710 G Πt DSt 1 t n 1 4 G Πt DSt t n 5 2 Minsky Foley 2003 Charles 2008 a Lima and Meirelles

More information

Making Democracy Work Making Democracy Work 2 21 22 142

Making Democracy Work Making Democracy Work 2 21 22 142 Making Democracy Work 1 Making Democracy Work et al 141 Making Democracy Work Making Democracy Work 2 21 22 142 et al 23 143 3 31 144 32 145 4 146 147 148 B p B p B p B p B p N R Bp 149 5 Bowling Together

More information

わが国企業による資金調達方法の選択問題

わが国企業による資金調達方法の選択問題 * takeshi.shimatani@boj.or.jp ** kawai@ml.me.titech.ac.jp *** naohiko.baba@boj.or.jp No.05-J-3 2005 3 103-8660 30 No.05-J-3 2005 3 1990 * E-mailtakeshi.shimatani@boj.or.jp ** E-mailkawai@ml.me.titech.ac.jp

More information

復活だぁっ! 日本の不況と流動性トラップの逆襲

復活だぁっ! 日本の不況と流動性トラップの逆襲 It s Baaack! Japan s Slump and the Return of the Liquidity Trap 1998 2001 8 29-9 9 Ver.1.0.1 1 2 2 5 2.1..................................... 5 2.2......................... 6 2.3.........................

More information

国際流動性に関する財政的側面について

国際流動性に関する財政的側面について IMF SDR IMF 2011 6 1 2 2011 E-mail: obstfeld@econ.berkeley.edu / /2011.10 35 1. 2007 2009 2 Goodhart [1999] 2010 11 2. 4 1970 IMF 1960 36 /2011.10 international reserve 1 D 35 1 D 35 1960 Eichengreen [2011]

More information

【表紙】経済学論叢_18号/表1・3・背

【表紙】経済学論叢_18号/表1・3・背 Blanchard Solow Solow Galor and Tsiddon ,, , ,, ,,,,,, a if b c if if CES CES,,,,,,. Bowles Ciccone and Peri, .,, Bowles Hamermesh Antras Ciccone and Peri CES CES Krusell et al. Duffy et al. Hornstein

More information

7 5 Global VAR M E-mail: hime.lll.9@gmail.com 5............................ 7................................. 8 3 3............................... 3......................... 3 3.......................................

More information

小塚匡文.indd

小塚匡文.indd 流通科学大学論集 - 経済 情報 政策編 - 第 22 巻第 2 号,19-32(2014) Lending Behavior for Small-Medium Business by Shinkin Bank and Other Domestic Bank in Japan: Evidences from Time Series Data Masafumi Kozuka I. 2006 99.7

More information

OSIPP40_p1_2.eps

OSIPP40_p1_2.eps 2006 年 秋号 No.40 1 2 Asia-Pacific Financial Markets Review of Pacific Basin Financial Markets and Policies Studies on a Second Generation of Disequilibrium Economics International Economic Integration and

More information

村本 孜51‐85/51‐85

村本 孜51‐85/51‐85 One for all, all for one. One for all, all for one. ( One for all, all for one. ) One for all, all for one. ( One for all, all for one. ) One for all, all for one. Manes, A. (1877~1963) [2006] p. 37 Raiffisen

More information

03_P055-084_坂井吉良.indd

03_P055-084_坂井吉良.indd r m m r m p y i y r r r yy m m m yy p p p y r r m m p p iey r y m y p r m p m m yy m C Cy i i y i y i i y i i y i C i y y i i i y i i C i yirmp i i y i C i y i irmp y i C i y i irmp i i i C i i irmp i

More information

Masahiro NAKANO Keynes benchmark Keynes 89

Masahiro NAKANO Keynes benchmark Keynes 89 89 102 Masahiro NAKANO Keynes benchmark Keynes 89 ( )IS LM Keynes Hicks IS LM Phillips stylized fact ( ) ( ) 90 Keynes 3 superneutrality 4 RBC 2 1 (i) (ii) (a) (b) (c) 3 Keynes 91 Walras Keynes Say s law

More information

ú r(ú) t n [;t] [;t=n]; (t=n; 2t=n]; (2t=n; 3t=n];:::; ((nä 1)t=n;t] n t 1 (nä1)t=n e Är(t)=n (nä 2)t=n e Är(t)=n e Är((nÄ1)t=n)=n t e Är(t)=n e Är((n

ú r(ú) t n [;t] [;t=n]; (t=n; 2t=n]; (2t=n; 3t=n];:::; ((nä 1)t=n;t] n t 1 (nä1)t=n e Är(t)=n (nä 2)t=n e Är(t)=n e Är((nÄ1)t=n)=n t e Är(t)=n e Är((n 1 1.1 ( ) ö t 1 (1 +ö) Ä1 2 (1 +ö=2) Ä2 ö=2 n (1 +ö=n) Än n t (1 +ö=n) Änt t nt n t lim (1 n!1 +ö=n)änt = n!1 lim 2 4 1 + 1 n=ö! n=ö 3 5 Äöt = î lim s!1 í 1 + 1 ì s ï Äöt =e Äöt s e eëlim s!1 (1 + 1=s)

More information

IMF http : // htm

IMF http : //  htm 1 2 1971 1973 1999 1997 2 IMF 1 1 2 3 1 4 1 2 5 6 1 2 7 IMF http : //www.imf.org/external/np/mfd/er/2006/eng/0706. htm 8 du jure de facto Reinhart Rogoff 20041946 2001 153 Levy-Yeyati Sturzenegger 20051974

More information

p *2 DSGEDynamic Stochastic General Equilibrium New Keynesian *2 2

p *2 DSGEDynamic Stochastic General Equilibrium New Keynesian *2 2 2013 1 nabe@ier.hit-u.ac.jp 2013 4 11 Jorgenson Tobin q : Hayashi s Theorem : Jordan : 1 investment 1 2 3 4 5 6 7 8 *1 *1 93SNA 1 p.180 1936 100 1970 *2 DSGEDynamic Stochastic General Equilibrium New Keynesian

More information

8’¼‹ä127-141

8’¼‹ä127-141 - H.B. Lary Ilse Mintz - - - - - - - Aaa. %. % Baa. %. % Baa - Chase National Bank H. C. Taylor. % Annual Report of Board of Governors of the Federal Reserve System.(1933) 231 q Moody s - Aaa Aa A Baa.....

More information

Becker 1965 Gronau a a a

Becker 1965 Gronau a a a 1 1 1 1 1 3.3 6 0.43 0.45 2 2002 Becker1965 Gronau1977 1 a 3.3 3.6 6.0 4.9 4.8 3.6 a 7.4 8.4 8.1 7.6 7.5 6.5 0.45 0.43 0.74 0.64 0.64 0.55 1995 a Vol. 42 No. 2 II III IV V VI VII 1 1998Nishioka 199820022002

More information

1 st 2 nd Dec

1 st 2 nd Dec 2 12 1 2 2 1 st 2 nd Dec.2007 2 1 st 2 nd Dec.2007 1 3 1 st 2 nd Dec.2007 1 2 1 2 1. 2. (2004) 3. 3 4 3 1 2 1. 2. 3 1. 2. 3. 4 4 1 2 5 1 2 6 4 1 st 2 nd Dec.2007 5 1 st 2 nd Dec.2007 1 10 (2004) 4 120

More information

カレツキアン2階級モデルにおける所得分配と経済変動 (マクロ経済動学の非線形数理)

カレツキアン2階級モデルにおける所得分配と経済変動 (マクロ経済動学の非線形数理) $\dagger$ 1768 2011 125-142 125 2 * \dagger \ddagger 2 2 $JEL$ : E12; E32 : 1 2 2 $*$ ; E-mail address: tsuzukie5@gmail.com \ddagger 126 Keynes (1936) $F\iota$ Chang and Smyth (1971) ( ) Kaldor (1940)

More information

Title 最適年金の理論 Author(s) 藤井, 隆雄 ; 林, 史明 ; 入谷, 純 ; 小黒, 一正 Citation Issue Date Type Technical Report Text Version publisher URL

Title 最適年金の理論 Author(s) 藤井, 隆雄 ; 林, 史明 ; 入谷, 純 ; 小黒, 一正 Citation Issue Date Type Technical Report Text Version publisher URL Title 最適年金の理論 Author(s) 藤井, 隆雄 ; 林, 史明 ; 入谷, 純 ; 小黒, 一正 Citation Issue 2012-06 Date Type Technical Report Text Version publisher URL http://hdl.handle.net/10086/23085 Right Hitotsubashi University Repository

More information

LA-VAR Toda- Yamamoto(1995) VAR (Lag Augmented vector autoregressive model LA-VAR ) 2 2 Nordhaus(1975) 3 1 (D2)

LA-VAR Toda- Yamamoto(1995) VAR (Lag Augmented vector autoregressive model LA-VAR ) 2 2 Nordhaus(1975) 3 1 (D2) LA-VAR 1 1 1973 4 2000 4 Toda- Yamamoto(1995) VAR (Lag Augmented vector autoregressive model LA-VAR ) 2 2 Nordhaus(1975) 3 1 (D2) E-mail b1215@yamaguchi-u.ac.jp 2 Toda, Hiro Y. and Yamamoto,T.(1995) 3

More information

Public Pension and Immigration The Effects of Immigration on Welfare Inequality The immigration of unskilled workers has been analyzed by a considerab

Public Pension and Immigration The Effects of Immigration on Welfare Inequality The immigration of unskilled workers has been analyzed by a considerab Public Pension and Immigration The Effects of Immigration on Welfare Inequality The immigration of unskilled workers has been analyzed by a considerable amount of research, which has noted an ability distribution.

More information

ヒストリカル法によるバリュー・アット・リスクの計測:市場価格変動の非定常性への実務的対応

ヒストリカル法によるバリュー・アット・リスクの計測:市場価格変動の非定常性への実務的対応 VaR VaR VaR VaR GARCH E-mail : yoshitaka.andou@boj.or.jp VaR VaR LTCM VaR VaR VaR VaR VaR VaR VaR VaR t P(t) P(= P() P(t)) Pr[ P X] =, X t100 (1 )VaR VaR P100 P X X (1 ) VaR VaR VaR VaR VaR VaR VaR VaR

More information

日本における財政政策のインパクトー1990年代のイベント・スタディー

日本における財政政策のインパクトー1990年代のイベント・スタディー FTPL FTPL sustainability FTPL fiscal theory of the price level FTPL Fukuda and Teruyama Giavazzi and Pagan Giavazzi and Pagano Alesina and PerottiSutherlandPerottiGiavazzi, Jappelli and Pagano FTPL LeeperSimsWoodford

More information

開発金融増刊号

開発金融増刊号 4 6 Y = f (, E, Y E ( Y E = α ( E α we py α 0 β E ( ( E β ( E β 6 ( = ( α β ( E β 8 i Y i f i, E i, i 9 Y = α α ( α E α S E 0 ( β β E β E( β E β β6 ( we Y = = = α β E py E β ( β Y Y B Y A r / pr p Y

More information

59-1・2 鳥居昭夫・春日教測 .pwd

59-1・2 鳥居昭夫・春日教測 .pwd logit JEL Classifications: D10, M30, L82 Wilbur 2008 Shishikura et al. 2018 and de Gracia 2012 Bayraktaroglu et al. 2018 Carare and Zentner 2012 Carare and Zentner 2012 Train et al. 1987 Hendel 1999 Spence

More information

ø ø Lessons Learned from the Worldwide Spread of Evidence-Based Medicine (EBM) Abstract Keywords Evidence-based Policies in Education: New Directions and Issues Abstract Keywords Contribution

More information

DGE DGE 2 2 1 1990 1 1 3 (1) ( 1

DGE DGE 2 2 1 1990 1 1 3 (1) ( 1 早 稲 田 大 学 現 代 政 治 経 済 研 究 所 ゼロ 金 利 下 で 量 的 緩 和 政 策 は 有 効 か? -ニューケインジアンDGEモデルによる 信 用 創 造 の 罠 の 分 析 - 井 上 智 洋 品 川 俊 介 都 築 栄 司 上 浦 基 No.J1403 Working Paper Series Institute for Research in Contemporary Political

More information

Auerbach and Kotlikoff(1987) (1987) (1988) 4 (2004) 5 Diamond(1965) Auerbach and Kotlikoff(1987) 1 ( ) ,

Auerbach and Kotlikoff(1987) (1987) (1988) 4 (2004) 5 Diamond(1965) Auerbach and Kotlikoff(1987) 1 ( ) , ,, 2010 8 24 2010 9 14 A B C A (B Negishi(1960) (C) ( 22 3 27 ) E-mail:fujii@econ.kobe-u.ac.jp E-mail:082e527e@stu.kobe-u.ac.jp E-mail:iritani@econ.kobe-u.ac.jp 1 1 1 2 3 Auerbach and Kotlikoff(1987) (1987)

More information

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.

More information

アジアの資本移動の変化に関するクラスター分析 アジア域内の証券投資活性化に向けて

アジアの資本移動の変化に関するクラスター分析 アジア域内の証券投資活性化に向けて * ** 199 1 1996-97 relation * ** Seoul conference China and Emerging Asia: Reorganizing the Global Economy? held by KIEP and Seoul National University 26 5 11-12 Hugh Patrick Yung-Chul Park 26 9 9-1 East

More information

1970). Baumol, W. J., Panzar, J. C. and R. D. Willig (1982); Contestable Markets and The Theory of Industry Structure, 1982. Caves, R. and M. E. Porter (1977); From entry barriers to mobility barriers:

More information

OSIPPニュースレター.indd

OSIPPニュースレター.indd Osaka School of International Public Policy OSIPP NEWSLETTER Vol.60 Spring 2012 OSIPP NEWSLETTER vol.60 01 02 OSIPP NEWSLETTER vol.60 OSIPP NEWSLETTER vol.60 03 04 OSIPP NEWSLETTER vol.60 The basic economics

More information

野村資本市場研究所|アジアの金融競争力(PDF)

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%

More information

研究シリーズ第40号

研究シリーズ第40号 165 PEN WPI CPI WAGE IIP Feige and Pearce 166 167 168 169 Vector Autoregression n (z) z z p p p zt = φ1zt 1 + φ2zt 2 + + φ pzt p + t Cov( 0 ε t, ε t j )= Σ for for j 0 j = 0 Cov( ε t, zt j ) = 0 j = >

More information

untitled

untitled Discussion Paper Series No. J98 2008 9 2008 9 1919 1 1938 12 1928 1 1936 4 1 10 1931 1932 2008 19530274 1. 2 1930 5 1 1931 6 12 1936 11 2 1 1919 1 1938 12 1963 1927 1 1936 4 1 2 3 4 7 10 1927 1 1936 4

More information

日本の高齢者世帯の貯蓄行動に関する実証分析

日本の高齢者世帯の貯蓄行動に関する実証分析 196 2017 * ** ** 1 2 3 JEL Classification Codes D14, D15, E21 Keywords * 28 Hyun- Hoon Lee Robert Owen Kwanho Shin ** 29 196 An Empirical Analysis of the Saving Behavior of Elderly Households in Japan

More information

1 Nelson-Siegel Nelson and Siegel(1987) 3 Nelson-Siegel 3 Nelson-Siegel 2 3 Nelson-Siegel 2 Nelson-Siegel Litterman and Scheinkman(199

1 Nelson-Siegel Nelson and Siegel(1987) 3 Nelson-Siegel 3 Nelson-Siegel 2 3 Nelson-Siegel 2 Nelson-Siegel Litterman and Scheinkman(199 Nelson-Siegel Nelson-Siegel 1992 2007 15 1 Nelson and Siegel(1987) 2 FF VAR 1996 FF B) 1 Nelson-Siegel 15 90 1 Nelson and Siegel(1987) 3 Nelson-Siegel 3 Nelson-Siegel 2 3 Nelson-Siegel 2 Nelson-Siegel

More information

02.„o“φiflì„㙃fic†j

02.„o“φiflì„㙃fic†j X-12-ARIMA Band-PassDECOMP HP X-12-ARIMADECOMP HPBeveridge and Nelson DECOMP X-12-ARIMA Band-PassHodrick and PrescottHP DECOMPBeveridge and Nelson M CD X ARIMA DECOMP HP Band-PassDECOMP Kiyotaki and Moore

More information

03.Œk’ì

03.Œk’ì HRS KG NG-HRS NG-KG AIC Fama 1965 Mandelbrot Blattberg Gonedes t t Kariya, et. al. Nagahara ARCH EngleGARCH Bollerslev EGARCH Nelson GARCH Heynen, et. al. r n r n =σ n w n logσ n =α +βlogσ n 1 + v n w

More information

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―

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

More information

(2004 ) 2 (A) (B) (C) 3 (1987) (1988) Shimono and Tachibanaki(1985) (2008) , % 2 (1999) (2005) 3 (2005) (2006) (2008)

(2004 ) 2 (A) (B) (C) 3 (1987) (1988) Shimono and Tachibanaki(1985) (2008) , % 2 (1999) (2005) 3 (2005) (2006) (2008) ,, 23 4 30 (i) (ii) (i) (ii) Negishi (1960) 2010 (2010) ( ) ( ) (2010) E-mail:fujii@econ.kobe-u.ac.jp E-mail:082e527e@stu.kobe-u.ac.jp E-mail:iritani@econ.kobe-u.ac.jp 1 1 16 (2004 ) 2 (A) (B) (C) 3 (1987)

More information

Walter et al. 2009: 1 Helleiner 1994 Strange 1971: Gilpin 1987: -65 Strange b, 1998c,

Walter et al. 2009: 1 Helleiner 1994 Strange 1971: Gilpin 1987: -65 Strange b, 1998c, 54 2012 77 92 E. Yano Shuichi 2011 11 2008 40 19821997 1998 LTCM 2001 IT 2007 1970 International Political Economy Helleiner 1994 54 2012 Walter et al. 2009: 1 Helleiner 1994 Strange 1971: Gilpin 1987:

More information

50-4 平井健之.pwd

50-4 平井健之.pwd GDP GNP Gupta 1967, Wagner and Weber 1977, Mann 1980, Abizadeh and Gray 1985, Ram 1987, Abizadeh and Yousefi 1988, Nagarajan and Spears 1990 GDP GNP GDP GNP GDP GNP Adolph Wagner Wagner 1967 Ram 1987,

More information

COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate Scho

COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate Scho COE-RES Discussion Paper Series Center of Excellence Project The Normative Evaluation and Social Choice of Contemporary Economic Systems Graduate School of Economics and Institute of Economic Research

More information

( ) z W n u K P N P = (1 + z)wn N = nuk (1) (2) I/K u e f r l (= L/PK) (4) I K = g(u, r, e f, l ) g u > 0, g r < 0, g e f > 0,

( ) z W n u K P N P = (1 + z)wn N = nuk (1) (2) I/K u e f r l (= L/PK) (4) I K = g(u, r, e f, l ) g u > 0, g r < 0, g e f > 0, 1 money view credit view IS-LM Sims[1980] Bernanke[1983] 1930 Bernanke and Blinder[1988] IS-LM (credit channel) (1) 3 4 (2) 2 1 3 4 5 2 2.1 2.1.1 ( ) z W n u K P N P = (1 + z)wn N = nuk (1) (2) 2.1.2 I/K

More information

Stepwise Chow Test * Chow Test Chow Test Stepwise Chow Test Stepwise Chow Test Stepwise Chow Test Riddell Riddell first step second step sub-step Step

Stepwise Chow Test * Chow Test Chow Test Stepwise Chow Test Stepwise Chow Test Stepwise Chow Test Riddell Riddell first step second step sub-step Step Stepwise Chow Test * Chow Test Chow Test Stepwise Chow Test Stepwise Chow Test Stepwise Chow Test Riddell Riddell first step second step sub-step Stepwise Chow Test a Stepwise Chow Test Takeuchi 1991Nomura

More information

,398 4% 017,

,398 4% 017, 6 3 JEL Classification: D4; K39; L86,,., JSPS 34304, 47301.. 1 01301 79 1 7,398 4% 017,390 01 013 1 1 01 011 514 8 1 Novos and Waldman (1984) Johnson (1985) Chen and Png (003) Arai (011) 3 1 4 3 4 5 0

More information

Keynes 1936 Tobin 1 Hicks 1937 Keynes IS LM 2 IS LM 3 IS LM Keynes Keynes animal spirits

Keynes 1936 Tobin 1 Hicks 1937 Keynes IS LM 2 IS LM 3 IS LM Keynes Keynes animal spirits 43 2000 17 28 Masahiro NAKANO 2.1 Keynes 2.2 3.1 3.2 43 2000 Keynes 1936 Tobin 1 Hicks 1937 Keynes IS LM 2 IS LM 3 IS LM Keynes Keynes animal spirits Keynes IS LM 1990 Keynes 1980 90 2 1 43 2000 Keynes

More information

19世紀の物価動向―コンドラチェフによる物価長波の検討を通じて―*

19世紀の物価動向―コンドラチェフによる物価長波の検討を通じて―* 19 GDP 1814 1815 1849 1846 1 2 61 2002 1 1991167 2 334 1 3 4 5 19 13 1823-1851 1884-1896 1884-1896 2 1823-1851 1884-1896 2 1 11 19 12 34 3 4 5 2 1 1789-1814-1849 1849-1873-1896 1896-1920-1940 2 6 Mitchell1998

More information

untitled

untitled * 2001 (B) ** 113-0033 7-3-1 TEL(03)5841-5641FAX(03)5841-5521iwamoto@e.u-tokyo.ac.jp 1990 1990 1 2 3 1 (2002) 2 social infrastructure social capital Woolcook (1998) 3-1 - - 2 - 1990 Mera (1973) G Cobb-Douglas

More information

山形大学紀要

山形大学紀要 x t IID t = b b x t t x t t = b t- AR ARMA IID AR ARMAMA TAR ARCHGARCH TARThreshold Auto Regressive Model TARTongTongLim y y X t y Self Exciting Threshold Auto Regressive, SETAR SETARTAR TsayGewekeTerui

More information

Jorgenson F, L : L: Inada lim F =, lim F L = k L lim F =, lim F L = 2 L F >, F L > 3 F <, F LL < 4 λ >, λf, L = F λ, λl 5 Y = Const a L a < α < CES? C

Jorgenson F, L : L: Inada lim F =, lim F L = k L lim F =, lim F L = 2 L F >, F L > 3 F <, F LL < 4 λ >, λf, L = F λ, λl 5 Y = Const a L a < α < CES? C 27 nabe@ier.hit-u.ac.jp 27 4 3 Jorgenson Tobin q : Hayashi s Theorem Jordan Saddle Path. GDP % GDP 2. 3. 4.. Tobin q 2 2. Jorgenson F, L : L: Inada lim F =, lim F L = k L lim F =, lim F L = 2 L F >, F

More information

中京大学経済学論叢 23 号 2012 年 3 月 審査論文 1 Keywords: JEL Classi cation: L13, L22, L33 1 * *1 Inoue, Kamijo, and Tomaru (2009) Mukherjee and Suestrong

中京大学経済学論叢 23 号 2012 年 3 月 審査論文 1 Keywords: JEL Classi cation: L13, L22, L33 1 * *1 Inoue, Kamijo, and Tomaru (2009) Mukherjee and Suestrong 中京大学経済学論叢 23 号 22 年 3 月 審査論文 Keywords: JEL Classication: L3, L22, L33 * 2373253 * Inoue, Kamijo, and Tomaru (29)Mukherjee and Suestrong (29) Long and Stähler (29)Gil-Molto, Poyago-Theotoky, and Zikos (2)Matsumura

More information

2

2 1 12123456789012345678901234 12123456789012345678901234 12123456789012345678901234 12123456789012345678901234 12123456789012345678901234 12123456789012345678901234 12123456789012345678901234 12123456789012345678901234

More information

keyneshicks4.dvi

keyneshicks4.dvi IS-LM 2008 11 29 1 IS-LM 2 1.1...................................... 2 1.2...................................... 4 1.3......................................... 5 1.4 IS-LM: 1......................................

More information

RIETI Highlight VOL.25

RIETI Highlight VOL.25 RIETI Highlight 2009 SUMMER 25 VOL. Research Digest RIETI 2009 SUMMER VOL. 25 Highlight 1 2 3 5 8 10 12 13 14 19 ResearchDigest 20 24 28 32 36 38 40 41 42 44 45 RIETI Topics 01 CONTENTS 02 RIETI Highlight

More information

448 Vol. 44 No 図

448 Vol. 44 No 図 Spring 09 447 概要 2004 1 2 I はじめに 19 2007 1. 34 2006 1. 32 90 1 90 Galor and Weil 1996 1996 1999 90 Sleebos 2003 Apps and Rees 2004 Martínez and Iza 2004 448 Vol. 44 No. 4 2. 20 2. 00 1. 80 1. 60 1. 40

More information

[ 1 ] Barcena-Ruiz, J. C., and M. P. Espinosa, 1996, Long-term or Short-term Managerial Incentive Contracts, Journal of Economics and Management Strategy 5, 343-359. [2] Barros, F., 1995, Incentive Schemes

More information

Harvey, M

Harvey, M Harvey, M E E placelessness space place place place Castells ibid., 344 ibid., 347 Harvey, Castells, Castells, Teitz, M The American City Planning Institute city beautiful city practical city social

More information

Autumn II III Zon and Muysken 2005 Zon and Muysken 2005 IV II 障害者への所得移転の経済効果 分析に用いるデータ

Autumn II III Zon and Muysken 2005 Zon and Muysken 2005 IV II 障害者への所得移転の経済効果 分析に用いるデータ 212 Vol. 44 No. 2 I はじめに 2008 1 2 Autumn 08 213 II III Zon and Muysken 2005 Zon and Muysken 2005 IV II 障害者への所得移転の経済効果 17 18 1 分析に用いるデータ 1 2005 10 12 200 2 2006 9 12 1 1 2 129 35 113 3 1 2 6 1 2 3 4 4 1

More information

合理的個人VS

合理的個人VS VS - 1 - - 2 - Simon Khaneman,Tversky 2 15 1 3-3 - ...2...5...6...14...16...17...18 SIMON...19 Simon... 28... 37 KHANEMANTVERSKY...44 KhanemanTversky... 50 DE BONDTTHALER...52 SEN...58... 60...63...67...67...69...72

More information

グローバル化時代における日本の労働市場と留学生をめぐる考察

グローバル化時代における日本の労働市場と留学生をめぐる考察 No.7, 77-88 (2006) Transition of the Roles of Japan s International Education Policy -From Foreign Aid to Global Citizenship- TAKEDA Satoko Nihon University, Graduate School of Social and Cultural Studies

More information

物流からみた九州地方の地域的都市システムの変容

物流からみた九州地方の地域的都市システムの変容 Working Paper Series Vol. 2009-05 2009 2 Working Paper 14 10 13 18 194-0298 4342 E-mail pakugen69@hosei.ac.jp 1 Pred 1977 1985 1994 2001 Murayama 1982,1984 Friedmann 1986 1994 2001 1 2 1979 1984 1991 2005

More information

日 本 のFTA 政 策 をめぐる 国 内 政 治 : JSEPA 交 渉 プロセスの Title 分 析 Author(s) 金, ゼンマ Citation 一 橋 法 学, 7(3): 683-719 Issue 2008-11 Date Type Departmental Bulletin Paper Text Version publisher URL http://hdl.handle.net/10086/16369

More information

競売不動産からみた首都圏地価の動向

競売不動産からみた首都圏地価の動向 E-mail : yumi.saita@boj.or.jp http://bit.sikkou.jp STYLE m m LancasterRosen Suzaki and Ohta Nagai, Kondo and Ohta i P i n lnp i = + jln X ij + k D ik + TD i + i. m j =1 k =1 X ij j D ik k TD i

More information

Attendance Demand for J-League õ Shinsuke KAWAI* and Takeo HIRATA* Abstract The purpose of this study was to clarify the variables determining the attendance in J-league matches, using the 2,699 J-league

More information

デフレの定義(最新版).PDF

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.

More information

商学 63‐3☆/6.山本

商学 63‐3☆/6.山本 193 W. A. 1 2 3 1 2 WTO FTA TPP D. P. P. W. A. 194 2 3 Lewis 1954 1982, 1987 1999 1 1 2 2 2 1 2 A B 1987 119 1985 Krugman and Obstfeld 2009 19742006 3 W. A. 195 2 1 2 1 1 1 2 1 A a1 a2 * * i ai i 1, 2

More information

伝統的な経済学では、「消費は重要ではあるが、気にしなくてもよい」と考えられてきた

伝統的な経済学では、「消費は重要ではあるが、気にしなくてもよい」と考えられてきた 2005 1 2004 SARS 2003 IMF 2004 5.0 2004 4.1 0.9 30 2005 2004 2005 2005 2005 2004 2005 IMF 2005 4.3 2004 IMF 2004 2003 3.0 4.3 2003 2 2003 2004 IT 2005 IMF 2005 2004 3.5 IT 1995 10 2.8% 10 2 1 IT IT 2004

More information

表紙_目次.PDF

表紙_目次.PDF JIL 2 1980 vol.3 15 3 1 3 15 18 IT 26 28 33 20 OECD 80 90 (1998) (2000) 2 Aghion et al. (1999) OECD 1970 1 2 70 1980 90 1.1 Kuznets U inverted U-shaped hypothesis GNP U 1 18901940 6 3 Kuznets(1955) (1963)

More information

第2章 経済成長と所得分配: マレーシアの事例を中心に

第2章 経済成長と所得分配: マレーシアの事例を中心に 2006 1970 1990 U 1 GDP GDP GDP 1970 1 1969 5 13 5 13 New Economic Policy: NEP NEP 2 NEP 1971 1990 National Development Policy: NDP 1991 2000 Vision Development Policy: VDP 2001 2010 NEP NEP 1990 1980 1

More information

MinRC maxnrv, NPV max The Economic Journal Handbook of Telecommunication Economics Journal of Industrial Economics Toward Competition in Local Telephony Final Report for the European

More information

< F83582E C0B2D929>

< F83582E C0B2D929> Welfare Society Public Involvement 231 General Theory of Social Welfare Statistics 232 Ethics Ethics 233 Modern Society and Public Quality General Theory of Law 234 General Theory of Law (Include International

More information

1 1 1 [2000]

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

More information

e? e? h? h? h? h? h? h? e??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee?? e??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??ee??

More information

, 1), 2) (Markov-Switching Vector Autoregression, MSVAR), 3) 3, ,, , TOPIX, , explosive. 2,.,,,.,, 1

, 1), 2) (Markov-Switching Vector Autoregression, MSVAR), 3) 3, ,, , TOPIX, , explosive. 2,.,,,.,, 1 2016 1 12 4 1 2016 1 12, 1), 2) (Markov-Switching Vector Autoregression, MSVAR), 3) 3, 1980 1990.,, 225 1986 4 1990 6, TOPIX,1986 5 1990 2, explosive. 2,.,,,.,, 1986 Q2 1990 Q2,,. :, explosive, recursiveadf,

More information

橡20内藤仁美.PDF

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

More information