| Item type |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2025-10-23 |
| タイトル |
|
|
タイトル |
Accounting for the Boom-Bust Cycle of the Japanese Economy : A Macro-Finance Approach |
|
言語 |
en |
| 作成者 |
ARAWATARI, Ryo
TAKAHASHI, Yuta
TAKAYAMA, Naoki
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
Institute of Economic Research, Hitotsubashi University |
|
|
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 |
After the boom-bust cycle, Japan experienced a marked slowdown in economic growth since 1990. Three features stand out: (1) a persistent decline in total factor productivity growth, (2) a sharp and lasting fall in private investment, and (3) an extended period of exceptionally low interest rates. This study develops a macro-finance model designed to account for these interconnected phenomena. The framework emphasizes the role of shifting expectations, risk-premium, and the interaction between financial conditions and real activity. By grounding the analysis in the Japanese experience, the model aims to explain not only the mechanisms behind the bubble’s rise and fall but also the persistence of the stagnation that followed. The broader goal is to clarify how financial booms and busts can leave long-lived imprints on growth trajectories, offering lessons for economies facing similar vulnerabilities today. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
Institute of Economic Research, Hitotsubashi University |
| 日付 |
|
|
日付 |
2025-09 |
|
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 |
|
|
言語 |
en |
|
|
関連名称 |
Discussion paper series. A ; No. 773 |
| 関連情報 |
|
|
|
識別子タイプ |
URI |
|
|
関連識別子 |
https://www.ier.hit-u.ac.jp/English/ |
| 収録物識別子 |
|
|
収録物識別子タイプ |
NCID |
|
収録物識別子 |
AA11476336 |
| ページ数 |
|
|
ページ数 |
25 |
DP773.pdf (508 KB)
