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Good Deflation/Bad Deflation and Japanese Economic Recovery
http://hdl.handle.net/10086/13980
http://hdl.handle.net/10086/13980ff64b555-7718-4fe4-abbe-64f6662b1f8a
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
D05-104.pdf (356092 bytes)
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| アイテムタイプ | デフォルトアイテムタイプ（フル）その２(1) | |||||||
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| 公開日 | 2017-05-20 | |||||||
| タイトル | ||||||||
| タイトル | Good Deflation/Bad Deflation and Japanese Economic Recovery | |||||||
| 言語 | en | |||||||
| 作成者 |
Saxonhouse, Gary
× Saxonhouse, Gary
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| 寄与者 | ||||||||
| 寄与者タイプ | Editor | |||||||
| 姓名 | 社会科学における統計分析拠点構築 = Research Unit for Statistical Analysis in Social Sciences | |||||||
| 言語 | en | |||||||
| アクセス権 | ||||||||
| アクセス権 | open access | |||||||
| アクセス権URI | http://purl.org/coar/access_right/c_abf2 | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | Many economists dismiss the role of positive supply shocks as a cause of Japan's deflation. Indeed, they attribute the long delay in Japan's recovery to the mistaken view that Japan's deflation reflects an acceleration of technological progress. Whatever the current situation in Japan, however, economic history certainly suggests that technological progress can go hand in hand with general deflation. Conducting a VAR analysis using very detailed information about the components of Japan's consumer price index, this paper finds that short-run shocks to Japan's relative price structure persist in the long run. Given this finding, it is possible to conclude that such shocks are real in origin and reflect technological change. As no effort has yet been completed to show the full extent to which technological change is driving short-run relative price change in Japan compared with other factors, and the full extent to which relative price changes are driving aggregate price change compared with other factors, the policy implications of these findings are unclear. What is clear is that it is a mistake to dismiss out of hand the possibility that technological shocks are playing an important role among other forces in Japan's current deflation. | |||||||
| 言語 | en | |||||||
| 出版者 | ||||||||
| 出版者 | Institute of Economic Research, Hitotsubashi University | |||||||
| 日付 | ||||||||
| 日付 | 2005-06 | |||||||
| 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 | VoR | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |||||||
| 関連情報 | ||||||||
| 関連タイプ | isPartOf | |||||||
| 関連名称 | Hi-Stat Discussion paper series ; No. d05-104 | |||||||
| 関連情報 | ||||||||
| 識別子タイプ | URI | |||||||
| 関連識別子 | http://21coe.ier.hit-u.ac.jp/english/index.html | |||||||
| ページ数 | ||||||||
| ページ数 | 26 | |||||||
| Sponsorship | ||||||||
| 値 | 21世紀COEプログラム = 21st-Century COE Program | |||||||
