{"created":"2023-05-15T13:54:14.046406+00:00","id":17857,"links":{},"metadata":{"_buckets":{"deposit":"b543029c-d165-42a2-802d-87285094c5d6"},"_deposit":{"created_by":1,"id":"17857","owners":[1],"pid":{"revision_id":0,"type":"depid","value":"17857"},"status":"published"},"_oai":{"id":"oai:chuo-u.repo.nii.ac.jp:00017857","sets":["255"]},"author_link":["59766","59767"],"item_10002_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2022-12-20","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"379","bibliographic_titles":[{"bibliographic_title":"経済研究所 Discussion Paper"},{"bibliographic_title":"IERCU Discussion Paper","bibliographic_titleLang":"en"}]}]},"item_10002_description_19":{"attribute_name":"フォーマット","attribute_value_mlt":[{"subitem_description":"application/pdf","subitem_description_type":"Other"}]},"item_10002_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":" The natural rate of interest is an important concept since it is a kind of reference for economists in that this is a significant determinant of a variety of policy rules used to characterize monetary policy. Generally, the natural rate of interest is defined as the real short-term interest rate consistent with the output equaling its potential level or the one reflecting stable prices. Estimation of the natural rate of interest is required since it cannot be observed directly. One of the simple ways of estimating the natural rate of interest is to extract the trend of the real short-term interest rate. If the central bank is inclined to raise the policy interest rate when it acknowledges an inflationary pressure or excess demand and if such a policy implementation is smoothly transmitted into adjustment processes of prices and economic activities, observed short-term real interest rate should behave closely around the evolutionary pass of the natural rate of interest. In this sense, statistically extracted trend of real short-term interest rate can be presumed as the estimated value of the natural rate of interest. We utilize the Hodrick-Prescott filter for our extraction. On the other hand, we should have the estimation of expected inflation rate in order to acquire real short-term interest rate if we follow the Fisher equation. In this paper, Kanoh (2006) procedure is adopted to estimate the expected inflation rate. Our estimation result brings us to the conclusion that the natural rate of interest in Japan is likely to show a substantial decline in recent 20 years.","subitem_description_type":"Abstract"}]},"item_10002_full_name_24":{"attribute_name":"著者別名","attribute_value_mlt":[{"nameIdentifiers":[{"nameIdentifier":"59767","nameIdentifierScheme":"WEKO"}],"names":[{"name":"中平, 千彦"},{"name":"ナカヒラ，カズヒコ","nameLang":"ja-Kana"}]}]},"item_10002_publisher_8":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"中央大学経済研究所"}]},"item_10002_rights_15":{"attribute_name":"権利","attribute_value_mlt":[{"subitem_rights":"この資料の著作権は、資料の著作者または学校法人中央大学に帰属します。著作権法が定める私的利用・引用を超える使用を希望される場合には、掲載誌発行部局へお問い合わせください。"}]},"item_10002_version_type_20":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_version_resource":"http://purl.org/coar/version/c_970fb48d4fbd8a85","subitem_version_type":"VoR"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"NAKAHIRA, Kazuhiko","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"59766","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":"2023-01-11"}],"displaytype":"detail","filename":"dp.379.pdf","filesize":[{"value":"633.6 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"本文を見る","url":"https://chuo-u.repo.nii.ac.jp/record/17857/files/dp.379.pdf"},"version_id":"827a2a0e-43d6-4d5c-b37f-9e0609b98836"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"natural rate of interest","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"inflation expectations","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Carlson-Parkin method","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Hodrick-Prescott filter","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"C53","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"E31","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"E32","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"E37","subitem_subject_language":"en","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":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"Simple Estimations of the Natural Rate of Interest and the Expected Inflation Rate","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Simple Estimations of the Natural Rate of Interest and the Expected Inflation Rate","subitem_title_language":"en"}]},"item_type_id":"10002","owner":"1","path":["255"],"pubdate":{"attribute_name":"公開日","attribute_value":"2023-01-11"},"publish_date":"2023-01-11","publish_status":"0","recid":"17857","relation_version_is_last":true,"title":["Simple Estimations of the Natural Rate of Interest and the Expected Inflation Rate"],"weko_creator_id":"1","weko_shared_id":-1},"updated":"2023-05-15T14:33:57.043062+00:00"}