{"created":"2023-05-15T13:54:14.597920+00:00","id":17868,"links":{},"metadata":{"_buckets":{"deposit":"005d52a8-9559-4323-9c46-d5becea46191"},"_deposit":{"created_by":1,"id":"17868","owners":[1],"pid":{"revision_id":0,"type":"depid","value":"17868"},"status":"published"},"_oai":{"id":"oai:chuo-u.repo.nii.ac.jp:00017868","sets":["255"]},"author_link":["59794","59795"],"item_10002_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2023-01-30","bibliographicIssueDateType":"Issued"},"bibliographicVolumeNumber":"380","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":"By solving a dynamic optimization structure, this paper aims to achieve an optimal monetary policy which enables the central bank to minimize a Taylor-rule embedded social loss function of inflation and employment. Three different types of inflation expectations are tested: forward-looking, backward-looking, and mixed expectation formation. As a result, under several assumptions, we found stable and optimal policy paths with all of the three scenarios. The results suggest that when the expected inflation rate is below the target, the central bankers need to initially set the interest rate at a sufficiently low level but gradually raise it, until they reach the equilibrium. Opposite solution stands if the inflation expectation is above the target. These may be counterfactual to a commonly seen monetary policy, though we believe this analysis is meaningful, in a way that our solution can be regarded as a “reference” or “yardstick”, and indicate how the real-life monetary policy is deviating from the optimal path.","subitem_description_type":"Abstract"}]},"item_10002_full_name_24":{"attribute_name":"著者別名","attribute_value_mlt":[{"nameIdentifiers":[{"nameIdentifier":"59795","nameIdentifierScheme":"WEKO"}],"names":[{"name":"松本, 賢"},{"name":"マツモト, ケン","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":"MATSUMOTO, Ken","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"59794","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":"2023-01-30"}],"displaytype":"detail","filename":"dp.380.pdf","filesize":[{"value":"867.3 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/17868/files/dp.380.pdf"},"version_id":"77080e84-43d1-422d-8d85-1a3309af14cd"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"Optimal monetary policy ","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Taylor Rule ","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"  (in)stability ","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":" dynamic optimization ","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":" inflation expectation ","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":" JEL Classification: E5 ","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":" E12 ","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":" E52","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":"A Dynamic Optimization Model of Monetary Stabilization Policy","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"A Dynamic Optimization Model of Monetary Stabilization Policy","subitem_title_language":"en"}]},"item_type_id":"10002","owner":"1","path":["255"],"pubdate":{"attribute_name":"公開日","attribute_value":"2023-01-30"},"publish_date":"2023-01-30","publish_status":"0","recid":"17868","relation_version_is_last":true,"title":["A Dynamic Optimization Model of Monetary Stabilization Policy"],"weko_creator_id":"1","weko_shared_id":-1},"updated":"2023-05-15T14:33:30.172706+00:00"}