書誌事項
- タイトル別名
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- On the money supply and the deflation of Japan over the post-war period
- センゴ ニホン ノ マネー サプライ ト デフレ ニ ツイテ
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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.
収録刊行物
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- 広島大学大学院総合科学研究科紀要. II, 環境科学研究
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広島大学大学院総合科学研究科紀要. II, 環境科学研究 1 39-53, 2006-12-31
広島大学大学院総合科学研究科
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詳細情報 詳細情報について
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- CRID
- 1390009224855906432
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- NII論文ID
- 120001072809
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- NII書誌ID
- AA12198658
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- ISSN
- 18817696
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- DOI
- 10.15027/25761
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- NDL書誌ID
- 8698051
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- 本文言語コード
- ja
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- データソース種別
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- JaLC
- IRDB
- NDL
- CiNii Articles
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- 抄録ライセンスフラグ
- 使用可