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Buyer-Size Discounts and Inflation Dynamics
http://hdl.handle.net/2261/55637
http://hdl.handle.net/2261/5563799fd3509-b528-46aa-8f2c-2b5fd0ea04f1
名前 / ファイル | ライセンス | アクション |
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wp034.pdf (614.3 kB)
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Item type | テクニカルレポート / Technical Report(1) | |||||
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公開日 | 2015-05-11 | |||||
タイトル | ||||||
タイトル | Buyer-Size Discounts and Inflation Dynamics | |||||
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 | |||||
著者 |
Ojima, Mayumi
× Ojima, Mayumi× Shino, Junnosuke× Ueda, Kozo |
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著者所属 | ||||||
値 | Bank of Japan | |||||
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値 | Waseda University | |||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | This paper considers the macroeconomic effects of retailers'market concentration and buyer-size discounts on inflation dynamics. During Japan's “lost decades," large retailers enhanced their market power, leading to increased exploitation of buyer-size discounts in procuring goods. We incorporate this effect into an otherwise standard New-Keynesian model. Calibrating to the Japanese economy during the lost decades, we find that despite a reduction in procurement cost, strengthened buyer-size discounts did not cause deflation; rather, they caused inflation of 0.1% annually. This arose from an increase in the real wage due to the expansion of production. | |||||
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 034, 発行日 2014-01 |
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出版者 | ||||||
出版者 | UTokyo Price Project | |||||
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識別子タイプ | URI | |||||
関連識別子 | http://www.price.e.u-tokyo.ac.jp/researchdata/ |