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How Fast Are Prices in Japan Falling?
http://hdl.handle.net/2261/53026
http://hdl.handle.net/2261/530260137acea-18cc-49fa-9567-ee51c3edf2b3
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
wp001.pdf (311.0 kB)
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| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2015-05-11 | |||||
| タイトル | ||||||
| タイトル | How Fast Are Prices in Japan Falling? | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | consumer price index | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | scanner data | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | deflation | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | outlet sampling | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | product sampling | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | purposive sampling | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | random sampling | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | sampling bias | |||||
| 資源タイプ | ||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||
| タイプ | technical report | |||||
| 著者 |
Imai, Satoshi
× Imai, Satoshi× Shimizu, Chihiro× Watanabe, Tsutomu |
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| 著者所属 | ||||||
| 著者所属 | Statistics Bureau of Japan | |||||
| 著者所属 | ||||||
| 著者所属 | Reitaku University | |||||
| 著者所属 | ||||||
| 著者所属 | University of British Columbia | |||||
| 著者所属 | ||||||
| 著者所属 | Graduate School of Economics, University of Tokyo | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | The consumer price inflation rate in Japan has been below zero since the mid-1990s. However, despite the presence of a substantial output gap, the rate of deflation has been much smaller than that observed in the United States during the Great Depression. Given this, doubts have been raised regarding the accuracy of Japan's official inflation estimates. Against this background, the purpose of this paper is to investigate to what extent estimates of the inflation rate depend on the methodology adopted. Our specific focus is on how inflation estimates depend on the method of outlet, product, and price sampling employed. For the analysis, we use daily scanner data on prices and quantities for all products sold at about 200 supermarkets over the last ten years. We regard this dataset as the "universe" and send out (virtual) price collectors to conduct sampling following more than sixty different sampling rules. We find that the officially released outcome can be reproduced when employing a sampling rule similar to the one adopted by the Statistics Bureau. However, we obtain numbers quite different from the official ones when we employ different rules. The largest rate of deflation we find using a particular rule is about 1 percent per year, which is twice as large as the official number, suggesting the presence of substantial upward-bias in the official inflation rate. Nonetheless, our results show that the rate of deflation over the last decade is still small relative to that in the United States during the Great Depression, indicating that Japan's deflation is moderate. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 2012～2016年度科学研究費補助金[基盤研究(S)]「長期デフレの解明」(研究代表者 東京大学経済学研究科・渡辺努, 課題番号：24223003) | |||||
| 書誌情報 |
JSPS Grants-in-Aid for Scientific Research (S) Understanding Persistent Deflation in Japan Working Paper Series 巻 001, 発行日 2012-10 |
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| 日本十進分類法 | ||||||
| 主題Scheme | NDC | |||||
| 主題 | 337 | |||||
| 出版者 | ||||||
| 出版者 | UTokyo Price Project | |||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.price.e.u-tokyo.ac.jp/researchdata/ | |||||
| 異版あり | ||||||
| 関連タイプ | hasVersion | |||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.carf.e.u-tokyo.ac.jp/workingpaper/detail.cgi_3f9c736bad5628141f4abb749a2e2fd3b1.html | |||||
