WEKO3
アイテム
{"_buckets": {"deposit": "83959acc-24ae-4148-bf8b-5c1e4f2c387c"}, "_deposit": {"id": "47662", "owners": [], "pid": {"revision_id": 0, "type": "depid", "value": "47662"}, "status": "published"}, "_oai": {"id": "oai:repository.dl.itc.u-tokyo.ac.jp:00047662", "sets": ["7439", "7438"]}, "item_8_biblio_info_7": {"attribute_name": "書誌情報", "attribute_value_mlt": [{"bibliographicIssueDates": {"bibliographicIssueDate": "2017-06", "bibliographicIssueDateType": "Issued"}, "bibliographicVolumeNumber": "096", "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": "Japan has failed to escape from deflation despite extraordinary monetary policy easing over the past four years. Monetary easing undoubtedly stimulated aggregate demand, leading to an improvement in the output gap. However, since the Phillips curve was almost flat, prices hardly reacted. Against this background, the key question is why prices were so sticky. To examine this, we employ sectoral price data for Japan and seven other countries including the United States, and use these to compare the shape of the price change distribution. Our main finding is that Japan differs significantly from the other countries in that the mode of the distribution is very close to zero for Japan, while it is near 2 percent for other countries. This suggests that whereas in the United States and other countries the \"default\" is for firms to raise prices by about 2 percent each year, in Japan the default is that, as a result of prolonged deflation, firms keep prices unchanged.", "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_34": {"attribute_name": "資源タイプ", "attribute_value_mlt": [{"subitem_text_value": "Working Paper"}]}, "item_8_text_4": {"attribute_name": "著者所属", "attribute_value_mlt": [{"subitem_text_value": "Canon Institute for Global Studies (CIGS)"}, {"subitem_text_value": "University of Tokyo"}, {"subitem_text_value": "Graduate School of Economics, University of Tokyo"}]}, "item_creator": {"attribute_name": "著者", "attribute_type": "creator", "attribute_value_mlt": [{"creatorNames": [{"creatorName": "Watanabe, Kota"}], "nameIdentifiers": [{"nameIdentifier": "142859", "nameIdentifierScheme": "WEKO"}]}, {"creatorNames": [{"creatorName": "Watanabe, Tsutomu"}], "nameIdentifiers": [{"nameIdentifier": "142860", "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": "2017-08-07"}], "displaytype": "detail", "download_preview_message": "", "file_order": 0, "filename": "wp096.pdf", "filesize": [{"value": "372.1 kB"}], "format": "application/pdf", "future_date_message": "", "is_thumbnail": false, "licensetype": "license_free", "mimetype": "application/pdf", "size": 372100.0, "url": {"label": "wp096.pdf", "url": "https://repository.dl.itc.u-tokyo.ac.jp/record/47662/files/wp096.pdf"}, "version_id": "bfd465a0-b4fc-4195-b124-27fb6ec81a36"}]}, "item_keyword": {"attribute_name": "キーワード", "attribute_value_mlt": [{"subitem_subject": "deflation", "subitem_subject_scheme": "Other"}, {"subitem_subject": "price stickiness", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Phillips curve", "subitem_subject_scheme": "Other"}, {"subitem_subject": "inflation expectations", "subitem_subject_scheme": "Other"}, {"subitem_subject": "inflation norms", "subitem_subject_scheme": "Other"}, {"subitem_subject": "quantitative easing", "subitem_subject_scheme": "Other"}, {"subitem_subject": "menu cost models", "subitem_subject_scheme": "Other"}, {"subitem_subject": "sectoral price data", "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": "Why Has Japan Failed to Escape from Deflation?", "item_titles": {"attribute_name": "タイトル", "attribute_value_mlt": [{"subitem_title": "Why Has Japan Failed to Escape from Deflation?"}]}, "item_type_id": "8", "owner": "1", "path": ["7439", "7438"], "permalink_uri": "http://hdl.handle.net/2261/72640", "pubdate": {"attribute_name": "公開日", "attribute_value": "2017-06-27"}, "publish_date": "2017-06-27", "publish_status": "0", "recid": "47662", "relation": {}, "relation_version_is_last": true, "title": ["Why Has Japan Failed to Escape from Deflation?"], "weko_shared_id": null}
Why Has Japan Failed to Escape from Deflation?
http://hdl.handle.net/2261/72640
http://hdl.handle.net/2261/7264096cda53d-1507-4dba-831c-dd3f2ca8d449
名前 / ファイル | ライセンス | アクション |
---|---|---|
wp096.pdf (372.1 kB)
|
|
Item type | テクニカルレポート / Technical Report(1) | |||||
---|---|---|---|---|---|---|
公開日 | 2017-06-27 | |||||
タイトル | ||||||
タイトル | Why Has Japan Failed to Escape from Deflation? | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題 | deflation | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | price stickiness | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | Phillips curve | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | inflation expectations | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | inflation norms | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | quantitative easing | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | menu cost models | |||||
主題Scheme | Other | |||||
キーワード | ||||||
主題 | sectoral price data | |||||
主題Scheme | Other | |||||
資源タイプ | ||||||
資源 | http://purl.org/coar/resource_type/c_18gh | |||||
タイプ | technical report | |||||
著者 |
Watanabe, Kota
× Watanabe, Kota× Watanabe, Tsutomu |
|||||
著者所属 | ||||||
著者所属 | Canon Institute for Global Studies (CIGS) | |||||
著者所属 | ||||||
著者所属 | University of Tokyo | |||||
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 | Japan has failed to escape from deflation despite extraordinary monetary policy easing over the past four years. Monetary easing undoubtedly stimulated aggregate demand, leading to an improvement in the output gap. However, since the Phillips curve was almost flat, prices hardly reacted. Against this background, the key question is why prices were so sticky. To examine this, we employ sectoral price data for Japan and seven other countries including the United States, and use these to compare the shape of the price change distribution. Our main finding is that Japan differs significantly from the other countries in that the mode of the distribution is very close to zero for Japan, while it is near 2 percent for other countries. This suggests that whereas in the United States and other countries the "default" is for firms to raise prices by about 2 percent each year, in Japan the default is that, as a result of prolonged deflation, firms keep prices unchanged. | |||||
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 096, 発行日 2017-06 |
|||||
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/ |