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金融政策における動学的不整合性
http://hdl.handle.net/10105/1538
http://hdl.handle.net/10105/1538b33d3c99-eeb4-4c4c-8591-525f641bfa84
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
NUE46_1_37-49.pdf (702.8 kB)
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| アイテムタイプ | 紀要論文 / Departmental Bulletin Paper(1) | |||||||
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| 公開日 | 2010-06-08 | |||||||
| タイトル | ||||||||
| タイトル | 金融政策における動学的不整合性 | |||||||
| 言語 | ||||||||
| 言語 | jpn | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | departmental bulletin paper | |||||||
| 著者 |
森, 伸宏
× 森, 伸宏
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| 著者(ヨミ) | ||||||||
| 姓名 | モリ, ノブヒロ | |||||||
| 著者別名 | ||||||||
| 姓名 | MORI, Nobuhiro | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | Some policy may not be optimal when implemented, even though it is so at the time of its planning. This possibility is called dynamic inconsistency. It is well known that monetary policy suffered from this because of its flexibility. That is, even though the monetary authority makes the commitment to a given rate of growth of money stock in advance, she can raise it over this commitment level easily without permission at the implementation stage. So the commitment may not be credible. On the other hand, when the monetary policy is implemented with discretion by the policymaker, the rate of inflation is higher than the one in use of the credible precommitment and the unemployment rate of the former is the same as the latter in spite of its higher rate of inflation. Therefore the social welfare deteriorates under the discretionary monetary policy, which results in inefficiency. This situation can be analyzed as the game played between the policymaker and the private sector. Some recent studies on monetary policy deal with this lnefficiency problem and propose several measures to solve it. The aim of this paper is to survey these recent literatures and have some perspective about these measures to reduce such inefficiency. | |||||||
| 書誌情報 |
奈良教育大学紀要. 人文・社会科学 巻 46, 号 1, p. 37-49, 発行日 1997-11-10 |
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| ISSN | ||||||||
| 収録物識別子タイプ | ISSN | |||||||
| 収録物識別子 | 05472393 | |||||||
| 書誌レコードID | ||||||||
| 収録物識別子タイプ | NCID | |||||||
| 収録物識別子 | AN00181081 | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | VoR | |||||||
| その他のタイトル | ||||||||
| その他のタイトル | Monetary Policy Game and Dynamic Inconsistency | |||||||
| 出版者 | ||||||||
| 出版者 | 奈良教育大学 | |||||||
