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The Role of Central Bank in the Recession : in the case of Japan's recession
https://kyotogakuen.repo.nii.ac.jp/records/898
https://kyotogakuen.repo.nii.ac.jp/records/8984edcaba0-3eb4-4b94-83bd-a319a83c0332
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
18-1-miyagawa_morita_sawada (1.1 MB)
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| Item type | [ELS]紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2016-08-09 | |||||
| タイトル | ||||||
| タイトル | The Role of Central Bank in the Recession : in the case of Japan's recession | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | bubble | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | money stock | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | financial anxieties | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | liquidity trap | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 雑誌書誌ID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AN10373395 | |||||
| 論文名よみ | ||||||
| タイトル | The Role of Central Bank in the Recession : in the case of Japan's recession | |||||
| 著者 |
宮川, 重義
× 宮川, 重義× 森田, 洋二× 澤田, 吉孝× Miyagawa, Shigeyoshi× Ｍorita, Yoji× Sawada, Yoshitaka |
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| 著者所属(英) | ||||||
| en | ||||||
| Department of Economics, Kyoto Gakuen University | ||||||
| 著者所属(英) | ||||||
| en | ||||||
| Department of Economics, Kyoto Gakuen University | ||||||
| 著者所属(英) | ||||||
| en | ||||||
| Kansei Gakuin University | ||||||
| 記事種別(日) | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 論文 | |||||
| 記事種別(英) | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | Article | |||||
| 抄録(英) | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | Japan’s economy is expanding and expected to continue expanding moderately as a trend, although the pace of growth seems to be slowing due to the temporal rise in oil and material prices. The BOJ declared the change of policy stance at the Monetary Policy Meeting held on July 14, 2006. The BOJ was obliged to tackle a severe recession which the Japanese economy had not experienced before. The economy was on the verge of financial panic, especially in 1997 and 1998, when major financial institutions had failed. It reminded us of the recurrence of the Great Depression in the 1930s.The article will clarify how the Japanese economy fell into a serious depression with a reflection on the role of the BOJ in the emergence of prolonged depression. We will also estimate the interest rate elasticity of money demand in order to identify whether or not the Japanese economy was in a liquidity trap in the prolonged recession. We will use the EGARCH model to quantify the financial anxieties. The conclusion will suggest that the BOJ should have paid more attention to the behavior of money stock at the early stage of depression. |
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| 書誌情報 | 巻 18, 号 1, p. 25-51, 発行日 2008-09-01 | |||||
| 表示順 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 2 | |||||
| アクセション番号 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | KJ00005985419 | |||||
