戦後日本のマネー・サプライとデフレについて

アクセス数 : 1039
ダウンロード数 : 896

今月のアクセス数 : 13
今月のダウンロード数 : 9
ファイル情報(添付)
StudEnvSci_1_39.pdf 10 MB 種類 : 全文
タイトル ( jpn )
戦後日本のマネー・サプライとデフレについて
タイトル ( eng )
On the money supply and the deflation of Japan over the post-war period
作成者
収録物名
広島大学大学院総合科学研究科紀要. II, 環境科学研究
Bulletin of the Graduate School of Integrated Arts and Sciences, Hiroshima University. II, Studies in environmental sciences
1
開始ページ 39
終了ページ 53
抄録
This paper analyses the deflation factor in Japan in 90s according to the annual macroeconomic data over the post-war period. Moreover, we considered the influence given to the real economy and the price by a monetary policy through the verification of the neutral proposition of money. Two causes can be possible to be pointed out to the deflation in 90s as a result.

One is decreasing in demand of consumption and investment because of the long recession. It can be thought that this is an direct effect of recession.

Another one is higher rising of Marshall's k than money supply. This means that the velocity of money slowed down seriously despite of enlargement of money supply and many actors in the market were holding money for a long time.

Moreover, the neutral proposition of money examined by the cointegration test and VECM was doubtful in a long term in Japan. This result means that monetary policy has been remaining the strong influence to the real economy while it has been having the weak effect to the price.
NDC分類
経済 [ 330 ]
言語
日本語
資源タイプ 紀要論文
出版者
広島大学大学院総合科学研究科
発行日 2006-12-31
権利情報
Copyright (c) 2006 by Graduate School of Integrated Arts and Sciences, Hiroshima University. All rights reserved
出版タイプ Version of Record(出版社版。早期公開を含む)
アクセス権 オープンアクセス
収録物識別子
[ISSN] 1881-7696
[NCID] AA12198658