RIEBセミナー (RIEB Seminar)
| 日時： （Date&Time) |
2006年10月11日（水）午後3時半から （Wednesday, October 11, 2006, 3:30pm〜） |
| 報告者： （Speaker） |
柴本 昌彦 （SHIBAMOTO Masahiko） |
| 所属： （Affiliation） |
大阪大学大学院経済学研究科 （Graduate School of Economics, Osaka University） |
| 論題： （Topic） |
Estimation of Monetary Policy Reaction Function in a Data-Rich Environment: The Case of Japan |
| 概要： (Abstract) |
This paper reports the estimates of a monetary policy reaction function for the Bank of Japan in a data-rich environment. There are two main findings. First, a weak identification problem arises in the estimates under the specification that some previous works employ. On the other hand, in a data-rich environment, it may be possible to avoid this problem. Second, the evidence from the estimates in a data-rich environment suggests that the Bank of Japan was only responding to the output gap to the extent that it had predicted inflation, and implemented the implicit inflation forecast only targeting policy over the period from November 1988 through February 2001. |
| 会場： (Place) |
神戸大学経済経営研究所 調査室 （兼松記念館1階） Seminar Room at RIEB (Kanematsu Memorial Hall 1st Floor) |
| 対象： （Intended Audience) |
教員、院生および同等の知識をお持ちの方 Faculty, Graduate Students and People with Equivalent Knowledge |
| 備考： (Note) |
論文のコピーは研究助成室にご用意しております。 |