{"_buckets": {"deposit": "988a4019-5aa3-4a7b-9ffb-bde18aec1ac9"}, "_deposit": {"id": "16972", "owners": [], "pid": {"revision_id": 0, "type": "depid", "value": "16972"}, "status": "published"}, "_oai": {"id": "oai:repository.dl.itc.u-tokyo.ac.jp:00016972"}, "item_4_alternative_title_1": {"attribute_name": "\u305d\u306e\u4ed6\u306e\u30bf\u30a4\u30c8\u30eb", "attribute_value_mlt": [{"subitem_alternative_title": "Multiple Equilibria in Lucas (1972) Model"}]}, "item_4_biblio_info_7": {"attribute_name": "\u66f8\u8a8c\u60c5\u5831", "attribute_value_mlt": [{"bibliographicIssueDates": {"bibliographicIssueDate": "2011-11-01", "bibliographicIssueDateType": "Issued"}, "bibliographicIssueNumber": "1", "bibliographicPageEnd": "109", "bibliographicPageStart": "91", "bibliographicVolumeNumber": "63", "bibliographic_titles": [{"bibliographic_title": "\u793e\u6703\u79d1\u5b78\u7814\u7a76"}]}]}, "item_4_description_5": {"attribute_name": "\u6284\u9332", "attribute_value_mlt": [{"subitem_description": "Lucas (1972) \u306f\u30de\u30af\u30ed\u30e2\u30c7\u30eb\u306b\u60c5\u5831\u306e\u4e0d\u5b8c\u5168\u6027\u3092\u5c0e\u5165\u3059\u308b\u3053\u3068\u3067\uff0c\u53e4\u5178\u7684\u306a\u8ca8\u5e63\u306e\u4e2d\u7acb\u6027\u3068\u30d5\u30a3\u30ea\u30c3\u30d7\u30b9\u66f2\u7dda\u306b\u304a\u3051\u308b\u5931\u696d\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u95a2\u4fc2\u3092\u77db\u76fe\u306a\u304f\u8aac\u660e\u3057\u305f\uff0e\u305d\u3053\u3067\u306f\uff0c\u8ca8\u5e63\u4f9b\u7d66\u91cf\u81ea\u4f53\u306f\uff0c\u305d\u306e\u6c34\u6e96\u306b\u6bd4\u4f8b\u3059\u308b\u5f62\u3067\u7269\u4fa1\u304c\u5909\u5316\u3059\u308b\u305f\u3081\uff0c\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3055\u306a\u3044\uff0e\u3053\u308c\u306f\u8ca8\u5e63\u6570\u91cf\u8aac\u306e\u6210\u308a\u7acb\u3064\u3053\u3068\u3092\u610f\u5473\u3059\u308b\uff0e\u4e00\u65b9\u3067\uff0c\u4e88\u671f\u305b\u306c\u8ca8\u5e63\u7684\u30b7\u30e7\u30c3\u30af\u306f\uff0c\u305d\u308c\u304c\u5b9f\u4f53\u7684\uff08\u30ea\u30a2\u30eb\uff09\u306a\u30b7\u30e7\u30c3\u30af\u3068\u533a\u5225\u3067\u304d\u306a\u3044\u305f\u3081\u306b\uff0c\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\uff0e\u3053\u306e\u3053\u3068\u304b\u3089\u5931\u696d\u306f\uff08\u4e88\u898b\u3067\u304d\u308b\uff09\u91d1\u878d\u653f\u7b56\u306b\u3088\u308a\uff0c\u64cd\u4f5c\u53ef\u80fd\u3067\u306a\u3044\u3053\u3068\u304c\u7d50\u8ad6\u3065\u3051\u3089\u308c\u308b\uff0e\u3068\u3053\u308d\u304c\uff0c\u5b9f\u306f\u8ca8\u5e63\u6570\u91cf\u8aac\u306e\u6210\u308a\u7acb\u3064\u5747\u8861\u7269\u4fa1\u95a2\u6570\u306f\u5b58\u5728\u306e\u307f\u8a3c\u660e\u3055\u308c\uff0c\u4e00\u610f\u6027\u306f\u8a3c\u660e\u3055\u308c\u3066\u3044\u306a\u3044\u3053\u3068\u304c\u5206\u304b\u3063\u305f\uff08Lucas (1983)\uff09\uff0e\u305d\u306e\u4e0a\u305d\u308c\u3092\u5426\u5b9a\u7684\u306b\u89e3\u6c7a\u3059\u308b\u3082\u306e\u3068\u3057\u3066\uff0c\u30e2\u30c7\u30eb\u3092\u3088\u308a\u7c21\u5358\u5316\u3057\u305f\u67a0\u7d44\u307f\u306e\u3082\u3068\u3067\uff0c\u8ca8\u5e63\u975e\u4e2d\u7acb\u7684\u306a\u5747\u8861\u89e3\u306e\u5177\u4f53\u4f8b\u304c\u5f97\u3089\u308c\u3066\u3044\u308b\uff08Chiappori and Guesnerie (1990, 1992)\uff09\uff0e\u672c\u7a3f\u3067\u306f\uff08\u5236\u9650\u3092\u52a0\u3048\u306a\u3044\u4e00\u822c\u306e\uff09Lucas (1972) \u306e\u30e2\u30c7\u30eb\u306b\u304a\u3044\u3066\u3082\uff0c\u5747\u8861\u7269\u4fa1\u95a2\u6570\u306f\u4e00\u822c\u306b\u8ca8\u5e63\u4e2d\u7acb\u7684\u3067\u306a\u3044\u3053\u3068\u3092\u89e3\u6790\u7684\u306b\u793a\u3059\uff0e\u3053\u3053\u304b\u3089\uff0c\u5f53\u521dLucas (1972) \u304c\u4e3b\u5f35\u3057\u305f\u3088\u3046\u306a\u8ca8\u5e63\u306e\u4e2d\u7acb\u6027\u304c\u6210\u7acb\u3059\u308b\u5747\u8861\u306f\u7279\u5225\u306a\u5834\u5408\u3067\u3042\u308b\u3053\u3068\u304c\u5206\u304b\u308b\uff0e\u305d\u3057\u3066\u91d1\u878d\u653f\u7b56\u306b\u3088\u308a\u64cd\u4f5c\u53ef\u80fd\u306a\u8ca8\u5e63\u4f9b\u7d66\u91cf\u304c\u5b9f\u4f53\u7d4c\u6e08\u306b\u3069\u306e\u3088\u3046\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u304b\u5206\u6790\u3059\u308b\uff0e\u3055\u3089\u306b\uff0c\u5747\u8861\u3067\u8ca8\u5e63\u304c\u975e\u4e2d\u7acb\u7684\u3068\u306a\u308b\u305f\u3081\u306e\u5341\u5206\u6761\u4ef6\u3092\u63d0\u793a\u3059\u308b\uff0e", "subitem_description_type": "Abstract"}, {"subitem_description": "Lucas (1972) studied a stochastic overlapping generations model under the assumption of incomplete information and showed the existence of an equilibrium price function which exhibits the neutrality of money. In the economy since principal agents cannot distinguish between monetary disturbances and real ones, unexpected money supply causes \u0027rational agents\u0027to take hedging behavior and hence it affects the real economy. Therefore, the model succeeds to explain the Phillips curve, an empirical fact that the rate of inflation is negatively related with the unemployment rate, consistently with the quantity theory of money. However, Jean-Michel Grandmont suggested that the uniqueness of the equilibrium price function had not yet been proved (Lucas (1983)). This was negatively resolved by Chiappori and Guesnerie (1990,1992), who found in a simplified model some examples of equilibrium prices such that money is not neutral. In this paper, we show analytically that multiple equilibria exist in Lucas (1972) model where fiat money is generally not neutral. Consequently, the `Lucas\u2019s islands model\u2019 is found to have much richer structures than we have previously recognized. We examine the effect of change in the money supply in the economy. Sufficient conditions for equilibria such that money is not neutral are also derived.", "subitem_description_type": "Abstract"}]}, "item_4_description_6": {"attribute_name": "\u5185\u5bb9\u8a18\u8ff0", "attribute_value_mlt": [{"subitem_description": "\u7279\u96c6\u3000\u65b0\u3057\u3044\u30de\u30af\u30ed\u7d4c\u6e08\u7406\u8ad6\u306e\u69cb\u7bc9\u3092\u76ee\u6307\u3057\u3066", "subitem_description_type": "Other"}]}, "item_4_full_name_3": {"attribute_name": "\u8457\u8005\u5225\u540d", "attribute_value_mlt": [{"nameIdentifiers": [{"nameIdentifier": "27061", "nameIdentifierScheme": "WEKO"}], "names": [{"name": "MATSUI, Muneya"}]}]}, "item_4_publisher_20": {"attribute_name": "\u51fa\u7248\u8005", "attribute_value_mlt": [{"subitem_publisher": "\u6771\u4eac\u5927\u5b66\u793e\u4f1a\u79d1\u5b66\u7814\u7a76\u6240"}]}, "item_4_select_14": {"attribute_name": "\u8457\u8005\u7248\u30d5\u30e9\u30b0", "attribute_value_mlt": [{"subitem_select_item": "publisher"}]}, "item_4_source_id_10": {"attribute_name": "\u66f8\u8a8c\u30ec\u30b3\u30fc\u30c9ID", "attribute_value_mlt": [{"subitem_source_identifier": "AN00108966", "subitem_source_identifier_type": "NCID"}]}, "item_4_source_id_8": {"attribute_name": "ISSN", "attribute_value_mlt": [{"subitem_source_identifier": "03873307", "subitem_source_identifier_type": "ISSN"}]}, "item_4_text_21": {"attribute_name": "\u51fa\u7248\u8005\u5225\u540d", "attribute_value_mlt": [{"subitem_text_value": "Institute of Social Science, The University of Tokyo"}]}, "item_4_text_34": {"attribute_name": "\u8cc7\u6e90\u30bf\u30a4\u30d7", "attribute_value_mlt": [{"subitem_text_value": "Departmental Bulletin Paper"}]}, "item_4_text_4": {"attribute_name": "\u8457\u8005\u6240\u5c5e", "attribute_value_mlt": [{"subitem_text_value": "\u5357\u5c71\u5927\u5b66\u7d4c\u55b6\u5b66\u90e8"}]}, "item_creator": {"attribute_name": "\u8457\u8005", "attribute_type": "creator", "attribute_value_mlt": [{"creatorNames": [{"creatorName": "\u677e\u4e95, \u5b97\u4e5f"}], "nameIdentifiers": [{"nameIdentifier": "27060", "nameIdentifierScheme": "WEKO"}]}]}, "item_files": {"attribute_name": "\u30d5\u30a1\u30a4\u30eb\u60c5\u5831", "attribute_type": "file", "attribute_value_mlt": [{"accessrole": "open_date", "date": [{"dateType": "Available", "dateValue": "2017-06-08"}], "displaytype": "detail", "download_preview_message": "", "file_order": 0, "filename": "shk063001007.pdf", "filesize": [{"value": "1.2 MB"}], "format": "application/pdf", "future_date_message": "", "is_thumbnail": false, "licensetype": "license_free", "mimetype": "application/pdf", "size": 1200000.0, "url": {"label": "shk063001007.pdf", "url": "https://repository.dl.itc.u-tokyo.ac.jp/record/16972/files/shk063001007.pdf"}, "version_id": "d7bbd853-1522-44a6-aaef-657db70c01fa"}]}, "item_keyword": {"attribute_name": "\u30ad\u30fc\u30ef\u30fc\u30c9", "attribute_value_mlt": [{"subitem_subject": "\u8ca8\u5e63\u306e\u4e2d\u7acb\u6027", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u52d5\u5b66\u7684\u30de\u30af\u30ed\u30e2\u30c7\u30eb", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u30d5\u30a3\u30ea\u30c3\u30d7\u30b9\u66f2\u7dda", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u8ca8\u5e63\u6570\u91cf\u8aac", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u4e0d\u5b8c\u5168\u60c5\u5831", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u30df\u30af\u30ed\u7684\u57fa\u790e\u4ed8\u3051", "subitem_subject_scheme": "Other"}]}, "item_language": {"attribute_name": "\u8a00\u8a9e", "attribute_value_mlt": [{"subitem_language": "jpn"}]}, "item_resource_type": {"attribute_name": "\u8cc7\u6e90\u30bf\u30a4\u30d7", "attribute_value_mlt": [{"resourcetype": "departmental bulletin paper", "resourceuri": "http://purl.org/coar/resource_type/c_6501"}]}, "item_title": "Lucas(1972)\u306e\u30e2\u30c7\u30eb\u306b\u304a\u3051\u308b\u8ca8\u5e63\u306e\u975e\u4e2d\u7acb\u6027", "item_titles": {"attribute_name": "\u30bf\u30a4\u30c8\u30eb", "attribute_value_mlt": [{"subitem_title": "Lucas(1972)\u306e\u30e2\u30c7\u30eb\u306b\u304a\u3051\u308b\u8ca8\u5e63\u306e\u975e\u4e2d\u7acb\u6027"}]}, "item_type_id": "4", "owner": "1", "path": ["55/864/892/900", "9/504/867/894/901"], "permalink_uri": "http://hdl.handle.net/2261/61062", "pubdate": {"attribute_name": "\u516c\u958b\u65e5", "attribute_value": "2016-11-20"}, "publish_date": "2016-11-20", "publish_status": "0", "recid": "16972", "relation": {}, "relation_version_is_last": true, "title": ["Lucas(1972)\u306e\u30e2\u30c7\u30eb\u306b\u304a\u3051\u308b\u8ca8\u5e63\u306e\u975e\u4e2d\u7acb\u6027"], "weko_shared_id": null}