{"created":"2023-06-20T15:23:13.483450+00:00","id":898,"links":{},"metadata":{"_buckets":{"deposit":"d518ad64-6156-487d-9fe9-1ed0226d2bc1"},"_deposit":{"created_by":3,"id":"898","owners":[3],"pid":{"revision_id":0,"type":"depid","value":"898"},"status":"published"},"_oai":{"id":"oai:kyotogakuen.repo.nii.ac.jp:00000898","sets":["96:112"]},"author_link":["1002","902","1004","1291","1003","933"],"item_2_biblio_info_12":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2008-09-01","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"1","bibliographicPageEnd":"51","bibliographicPageStart":"25","bibliographicVolumeNumber":"18","bibliographic_titles":[{}]}]},"item_2_description_11":{"attribute_name":"抄録(英)","attribute_value_mlt":[{"subitem_description":"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.\n\nWe 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.","subitem_description_type":"Other"}]},"item_2_description_15":{"attribute_name":"表示順","attribute_value_mlt":[{"subitem_description":"2","subitem_description_type":"Other"}]},"item_2_description_16":{"attribute_name":"アクセション番号","attribute_value_mlt":[{"subitem_description":"KJ00005985419","subitem_description_type":"Other"}]},"item_2_description_8":{"attribute_name":"記事種別(日)","attribute_value_mlt":[{"subitem_description":"論文","subitem_description_type":"Other"}]},"item_2_description_9":{"attribute_name":"記事種別(英)","attribute_value_mlt":[{"subitem_description":"Article","subitem_description_type":"Other"}]},"item_2_source_id_1":{"attribute_name":"雑誌書誌ID","attribute_value_mlt":[{"subitem_source_identifier":"AN10373395","subitem_source_identifier_type":"NCID"}]},"item_2_text_7":{"attribute_name":"著者所属(英)","attribute_value_mlt":[{"subitem_text_language":"en","subitem_text_value":"Department of Economics, Kyoto Gakuen University "},{"subitem_text_language":"en","subitem_text_value":" Department of Economics, Kyoto Gakuen University "},{"subitem_text_language":"en","subitem_text_value":" Kansei Gakuin University"}]},"item_2_title_3":{"attribute_name":"論文名よみ","attribute_value_mlt":[{"subitem_title":"The Role of Central Bank in the Recession : in the case of Japan's recession"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"宮川, 重義"},{"creatorName":"ミヤガワ, シゲヨシ","creatorNameLang":"ja-Kana"}],"nameIdentifiers":[{"nameIdentifier":"933","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"森田, 洋二"},{"creatorName":"モリタ, ヨウジ","creatorNameLang":"ja-Kana"}],"nameIdentifiers":[{"nameIdentifier":"902","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"澤田, 吉孝"},{"creatorName":"サワダ, ヨシタカ","creatorNameLang":"ja-Kana"}],"nameIdentifiers":[{"nameIdentifier":"1291","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Miyagawa, Shigeyoshi","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"1002","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Ｍorita, Yoji","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"1003","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Sawada, Yoshitaka","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"1004","nameIdentifierScheme":"WEKO"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2018-05-19"}],"displaytype":"detail","filename":"18-1-miyagawa_morita_sawada.pdf","filesize":[{"value":"1.1 MB"}],"format":"application/pdf","licensetype":"license_11","mimetype":"application/pdf","url":{"label":"18-1-miyagawa_morita_sawada","url":"https://kyotogakuen.repo.nii.ac.jp/record/898/files/18-1-miyagawa_morita_sawada.pdf"},"version_id":"536c7a5f-bb36-46ff-960b-621420c823c5"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"bubble","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"money stock","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"financial anxieties","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"liquidity trap","subitem_subject_language":"en","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"The Role of Central Bank in the Recession : in the case of Japan's recession","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"The Role of Central Bank in the Recession : in the case of Japan's recession","subitem_title_language":"en"}]},"item_type_id":"2","owner":"3","path":["112"],"pubdate":{"attribute_name":"公開日","attribute_value":"2016-08-09"},"publish_date":"2016-08-09","publish_status":"0","recid":"898","relation_version_is_last":true,"title":["The Role of Central Bank in the Recession : in the case of Japan's recession"],"weko_creator_id":"3","weko_shared_id":3},"updated":"2023-06-20T15:38:24.008681+00:00"}