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News shocks and the Japanese macroeconomic fluctuations
http://hdl.handle.net/10086/18592
http://hdl.handle.net/10086/1859267ebf074-59ae-43e1-b18f-ae2904741022
| Item type | デフォルトアイテムタイプ（フル）その２(1) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 公開日 | 2012-05-28 | |||||||||||
| タイトル | ||||||||||||
| タイトル | News shocks and the Japanese macroeconomic fluctuations | |||||||||||
| 言語 | en | |||||||||||
| 作成者 |
Ko, Jun-Hyung
× Ko, Jun-Hyung
× Miyazawa, Kensuke
|
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| 寄与者 | ||||||||||||
| 寄与者タイプ | Editor | |||||||||||
| 姓名 | 日本経済の物価変動ダイナミクスの解明 = Understanding Inflation Dynamics of the Japanese Economy | |||||||||||
| 言語 | en | |||||||||||
| 所属機関名 | Hitotsubashi University | |||||||||||
| アクセス権 | ||||||||||||
| アクセス権 | metadata only access | |||||||||||
| アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||||||||
| 主題 | ||||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | economic fluctuation | |||||||||||
| 主題 | ||||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | news shock | |||||||||||
| 主題 | ||||||||||||
| 主題Scheme | Other | |||||||||||
| 主題 | VECM | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Other | |||||||||||
| 内容記述 | This version has been revised. The new version is available at http://hdl.handle.net/10086/23056 | |||||||||||
| 言語 | en | |||||||||||
| 内容記述 | ||||||||||||
| 内容記述タイプ | Abstract | |||||||||||
| 内容記述 | What is the driving force of the macroeconomic fluctuations in Japan over the past forty years? To answer this question, we specify a structural vectorerror-correction model using combination of long-run and short-run restrictions. Especially by dividing the supply shocks such as neutral and investment-specific technology into surprise part and anticipated part, we search for the importance of so-called "news shock". Our main finding is that the news shocks of the anticipated investment-specific as well as neutral technology are the major component that drives Japanese economic movements: The surprise technology shocks play a minor but non-negligible role in the variances of output and consumption. The demand shocks explain most of the movements in consumption. The surprise investment-specific technology shocks seem not to be important in explaining macro fluctuations. | |||||||||||
| 出版者 | ||||||||||||
| 出版者 | Research Center for Price Dynamics, Institute of Economic Research, Hitotsubashi University | |||||||||||
| 日付 | ||||||||||||
| 日付 | 2010-06 | |||||||||||
| 日付タイプ | Issued | |||||||||||
| 言語 | ||||||||||||
| 言語 | eng | |||||||||||
| 資源タイプ | ||||||||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_18gh | |||||||||||
| 資源タイプ | technical report | |||||||||||
| 出版タイプ | ||||||||||||
| 出版タイプ | NA | |||||||||||
| 出版タイプResource | http://purl.org/coar/version/c_be7fb7dd8ff6fe43 | |||||||||||
| 関連情報 | ||||||||||||
| 関連タイプ | isPartOf | |||||||||||
| 識別子タイプ | HDL | |||||||||||
| 関連識別子 | http://hdl.handle.net/10086/23056 | |||||||||||
| 関連名称 | Working Paper Series ; No. 58 | |||||||||||
| 関連情報 | ||||||||||||
| 関連タイプ | isReplacedBy | |||||||||||
| 識別子タイプ | URI | |||||||||||
| 関連識別子 | http://www.ier.hit-u.ac.jp/~ifd/ | |||||||||||
| Sponsorship | ||||||||||||
| 値 | 学術創成研究費 = Grant-in-Aid for Creative Scientific Research | |||||||||||
| JEL | ||||||||||||
| 値 | E32 | |||||||||||
