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Monetary Effect of the Financial Crisis : A statistical evidence of the Norwegian crisis
https://kyotogakuen.repo.nii.ac.jp/records/946
https://kyotogakuen.repo.nii.ac.jp/records/9466ff9b38c-3368-4095-8696-749e12ec0dc7
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
24-1-miyagawa_morita (509.6 kB)
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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 | Monetary Effect of the Financial Crisis : A statistical evidence of the Norwegian crisis | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | deregulation | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | monetary easing | |||||
| 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 | financial anxieties | |||||
| 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 | Monetary Effect of the Financial Crisis : A statistical evidence of the Norwegian crisis | |||||
| 著者 |
宮川, 重義
× 宮川, 重義× 森田, 洋二× Miyagawa, Shigeyoshi× Morita, Yoji |
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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 | ||||||
| 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 | Reinhart and Rogoff (2008, 2009) picked up five financial crises as the most catastrophic case in the recent economic history. They are crisis in Finland, Japan, Norway, Spain, and Sweden. They showed that the “this time is different” syndrome had been repeated many times. This paper takes up two major economic crises among them: Norway and Japan. Norway and Japan had experienced the severe financial crisis after the rapid asset price increase in almost the same period. However the recovery was fast in Norway, while Japan experienced a prolonged recession, so called lost two decades. This study explains the difference and similarity of two crises, comparing the factors behind the bubble and bust in Norway and Japan. The paper focuses on the role of monetary policy in both countries. Miyagawa and Morita (2008, 2013) statistically analyzed the important role of money in the up and down swing of economy in the Japan’s economy. They had paid attention to the role of expectation in the money demand. The same VAR model was performed to the Norwegian crisis, taking into consideration the financial anxieties in the period of financial boom and crisis. The estimation results showed that money played the important role in the bubble and bust in Norway as well. |
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| 書誌情報 | 巻 24, 号 1, p. 35-64, 発行日 2014-09-01 | |||||
| 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 | KJ00010210659 | |||||
