{"created":"2022-12-26T08:25:23.170639+00:00","id":2005912,"links":{},"metadata":{"_buckets":{"deposit":"239c6225-177f-42dc-8886-4e4aa6b66fa7"},"_deposit":{"id":"2005912","owners":[1],"pid":{"revision_id":0,"type":"depid","value":"2005912"},"status":"published"},"_oai":{"id":"oai:repository.dl.itc.u-tokyo.ac.jp:02005912","sets":["62:7892","9:7435:7439"]},"author_link":[],"item_8_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2022-12","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"044","bibliographic_titles":[{"bibliographic_title":"Working Papers on Central Bank Communication","bibliographic_titleLang":"en"}]}]},"item_8_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"This paper undertakes both a narrow and wide replication of the estimation of a money demand function conducted by Ireland (American Economic Review, 2009). Using US data from 1980 to 2013, we show that the substantial increase in the money-income ratio during the period of near-zero interest rates is captured well by the log-log specification but not by the semi-log specification, contrary to the result obtained by Ireland (2009). Our estimate of the interest elasticity of money demand over the 1980-2013 period is about one-tenth that of Lucas (2000), who used a log-log specification. Finally, neither specification satisfactorily fits post-2015 US data.","subitem_description_language":"en","subitem_description_type":"Abstract"}]},"item_8_description_6":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"JEL Classification Numbers: C22; C52; E31; E41; E43; E52","subitem_description_language":"en","subitem_description_type":"Other"}]},"item_8_publisher_20":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"Research Project on Central Bank Communication","subitem_publisher_language":"en"}]},"item_8_relation_25":{"attribute_name":"関係URI","attribute_value_mlt":[{"subitem_relation_type":"isIdenticalTo","subitem_relation_type_id":{"subitem_relation_type_id_text":"https://www.centralbank.e.u-tokyo.ac.jp/category/research/","subitem_relation_type_select":"URI"}}]},"item_8_text_4":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_language":"en","subitem_text_value":"Graduate School of Economics, University of Tokyo"},{"subitem_text_language":"en","subitem_text_value":"Faculty of Business and Commerce, Keio University"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorAffiliations":[{"affiliationNames":[{"affiliationName":"The University of Tokyo","affiliationNameLang":"en"}]}],"creatorNames":[{"creatorName":"Watanabe, Tsutomu","creatorNameLang":"en"}]},{"creatorAffiliations":[{"affiliationNames":[{"affiliationName":"Keio University","affiliationNameLang":"en"}]}],"creatorNames":[{"creatorName":"Yabu, Tomoyoshi","creatorNameLang":"en"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_access","date":[{"dateType":"Available","dateValue":"2022-12-26"}],"displaytype":"detail","filename":"cb-wp044.pdf","filesize":[{"value":"251.1KB"}],"format":"application/pdf","mimetype":"application/pdf","url":{"objectType":"fulltext","url":"https://repository.dl.itc.u-tokyo.ac.jp/record/2005912/files/cb-wp044.pdf"},"version_id":"dfe33eee-6c4f-4d12-a01b-50608561a354"},{"accessrole":"open_access","date":[{"dateType":"Available","dateValue":"2022-12-26"}],"displaytype":"detail","filename":"cb-wp044_appendix.pdf","filesize":[{"value":"246.2KB"}],"format":"application/pdf","mimetype":"application/pdf","url":{"objectType":"fulltext","url":"https://repository.dl.itc.u-tokyo.ac.jp/record/2005912/files/cb-wp044_appendix.pdf"},"version_id":"8bc2eb8d-f2d3-4915-b156-95abf6725a3c"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"money demand function","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"cointegration","subitem_subject_scheme":"Other"},{"subitem_subject":"zero lower bound","subitem_subject_scheme":"Other"},{"subitem_subject":"welfare cost of inflation","subitem_subject_scheme":"Other"},{"subitem_subject":"log-log form","subitem_subject_scheme":"Other"},{"subitem_subject":"semi-log form","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"technical report","resourceuri":"http://purl.org/coar/resource_type/c_18gh"}]},"item_title":"The Demand for Money at the Zero Interest Rate Bound","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"The Demand for Money at the Zero Interest Rate Bound","subitem_title_language":"en"}]},"item_type_id":"8","owner":"1","path":["7439","7892"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2022-12-26"},"publish_date":"2022-12-26","publish_status":"0","recid":"2005912","relation_version_is_last":true,"title":["The Demand for Money at the Zero Interest Rate Bound"],"weko_creator_id":"1","weko_shared_id":-1},"updated":"2023-03-10T06:35:37.970868+00:00"}