{"created":"2021-03-01T07:02:36.684231+00:00","id":42689,"links":{},"metadata":{"_buckets":{"deposit":"b75c6d39-7a2f-4936-8d28-4f20bf21ae75"},"_deposit":{"id":"42689","owners":[],"pid":{"revision_id":0,"type":"depid","value":"42689"},"status":"published"},"_oai":{"id":"oai:repository.dl.itc.u-tokyo.ac.jp:00042689","sets":["62:377:7438","9:7435:7439"]},"item_8_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2016-01","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"079","bibliographic_titles":[{"bibliographic_title":"JSPS Grants-in-Aid for Scientific Research (S) Understanding Persistent Deflation in Japan Working Paper Series"}]}]},"item_8_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"This paper investigates history dependent easing known as a conventional wis- dom of optimal monetary policy in a liquidity trap. We show that, in an economy where the rate of in ation exhibits intrinsic persistence, monetary tightening is earlier as in ation becomes more persistent. This property is referred as early tightening and in the case of a higher degree of in ation persistence, a central bank implements front-loaded tightening so that it terminates the zero interest rate policy even before the natural rate of interest turns positive. As a prominent feature in a liquidity trap, a forward guidance of smoothing the change in in ation rates contributes to an early termination of the zero interest rate policy.","subitem_description_type":"Abstract"}]},"item_8_description_6":{"attribute_name":"内容記述","attribute_value_mlt":[{"subitem_description":"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)","subitem_description_type":"Other"}]},"item_8_publisher_20":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"UTokyo Price Project"}]},"item_8_relation_25":{"attribute_name":"関係URI","attribute_value_mlt":[{"subitem_relation_type_id":{"subitem_relation_type_id_text":"http://www.price.e.u-tokyo.ac.jp/researchdata/","subitem_relation_type_select":"URI"}}]},"item_8_text_4":{"attribute_name":"著者所属","attribute_value_mlt":[{"subitem_text_value":"Kobe University"},{"subitem_text_value":"European Central Bank"},{"subitem_text_value":"Keio University"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"Hasui, Kohei"}],"nameIdentifiers":[{"nameIdentifier":"98167","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Sugo, Tomohiro"}],"nameIdentifiers":[{"nameIdentifier":"98168","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Teranishi, Yuki"}],"nameIdentifiers":[{"nameIdentifier":"98169","nameIdentifierScheme":"WEKO"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2017-06-16"}],"displaytype":"detail","filename":"wp079.pdf","filesize":[{"value":"515.5 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"wp079.pdf","url":"https://repository.dl.itc.u-tokyo.ac.jp/record/42689/files/wp079.pdf"},"version_id":"31234c52-603a-4dc1-9390-1e766ae5b933"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"liquidity trap","subitem_subject_scheme":"Other"},{"subitem_subject":"optimal monetary policy","subitem_subject_scheme":"Other"},{"subitem_subject":"inflation persistence","subitem_subject_scheme":"Other"},{"subitem_subject":"early tightening","subitem_subject_scheme":"Other"},{"subitem_subject":"forward guidance","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":"Liquidity Trap and Optimal Monetary Policy Revisited","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Liquidity Trap and Optimal Monetary Policy Revisited"}]},"item_type_id":"8","owner":"1","path":["7439","7438"],"pubdate":{"attribute_name":"公開日","attribute_value":"2016-02-26"},"publish_date":"2016-02-26","publish_status":"0","recid":"42689","relation_version_is_last":true,"title":["Liquidity Trap and Optimal Monetary Policy Revisited"],"weko_creator_id":"1","weko_shared_id":null},"updated":"2022-12-19T04:17:54.376668+00:00"}