Research on real exchange rates and inflation : An approach from a good-specific price stickiness

实际汇率和通货膨胀研究：一种基于商品特定价格粘性的方法

• 批准号: 22730166
• 负责人: TSURUGA Takayuki
• 金额: $ 0.83万
• 依托单位: Kyoto University
• 依托单位国家: 日本
• 项目类别: Grant-in-Aid for Young Scientists (B)
• 财政年份: 2010
• 资助国家: 日本
• 起止时间: 2010 至 2011
• 项目状态: 已结题
• 来源: https://kaken.nii.ac.jp/grant/KAKENHI-PROJECT-22730166/
• 关键词: 実質為替レート; インフレーション; 価格粘着性; 経済政策; 一物一価法則; 情報の不完全性; 金融政策; 技術ショック

This research project employs the micro price data in the US and discusses good-level inflation and law-of-one-price deviations. More specifically, it attempts to uncover the interaction between the degrees of price stickiness and the price dynamics. The project consists of two papers. The first paper empirically investigates the dynamic responses of the good-level inflation to monetary policy shocks and technology shocks and attempts to provide theoretical explanations for the dynamic responses. The second paper focuses on the persistence of the law-of-one-price deviations across US cities. It is argued that the imperfect information may play an important role in accounting for the observed persistence of relative prices across US cities.

本研究利用美国的微观物价数据，探讨良性通货膨胀与一价定律偏差。更具体地说，它试图揭示价格粘性程度和价格动态之间的相互作用。该项目由两篇论文组成。第一篇文章实证研究了良性通货膨胀对货币政策冲击和技术冲击的动态响应，并试图为这种动态响应提供理论解释。第二篇论文重点研究了美国城市中价格偏离定律的持续性。有人认为，不完美的信息可能发挥重要作用，占观察到的持久性，美国城市之间的相对价格。

项目成果

How Do Well Sticky Price Models Explain the Disaggregated Price Responses to Aggregate Technology and Monetary Policy Shocks

粘性价格模型如何解释对总体技术和货币政策冲击的分类价格反应

• 发表时间: 2010
• 期刊: IMES Discussion Paper Series
• 作者: Jouchi Nakajima;Nao Sudo;and Takayuki Tsuruga
• 通讯作者: and Takayuki Tsuruga

Sources of Real Exchange Rate Fluctuations and Distorted Belief

实际汇率波动和扭曲信念的根源

• 发表时间: 2010
• 作者: Jouchi Nakajima;Sudo Nao;Takayuki Tsuruga;Takayuki Tsuruga;Takayuki Tsuruga;Takayuki Tsuruga;敦賀貴之;敦賀貴之;敦賀貴之;敦賀貴之;Takayuki Tsuruga;敦賀貴之
• 通讯作者: 敦賀貴之

How Well Do the Sticky Price Models Explain the Disaggregated Price Responses to Aggregate Technology and Monetary Policy Shocks

粘性价格模型如何解释分类价格对总体技术和货币政策冲击的反应

• 发表时间: 2010
• 作者: Hisahi Ishida;Fumiyo N.Kondo;Takayuki Tsuruga
• 通讯作者: Takayuki Tsuruga

How Do Well the Sticky Price Models Explain the Disaggregated Price Responses to Aggregate Technology and Monetary Policy Shock?

粘性价格模型如何很好地解释分类价格对总体技术和货币政策冲击的反应？

• 发表时间: 2010
• 期刊: IMES Discussion Paper Series
• 作者: Jouchi Nakajima;Sudo Nao;Takayuki Tsuruga
• 通讯作者: Takayuki Tsuruga

Noisy Information, Distance and Law of One Price Dynamics across US Cities

美国城市的噪音信息、距离和一价动态定律

• DOI: 10.1016/j.jmoneco.2015.06.003
• 发表时间: 2015
• 期刊: Journal of Monetary Economics
• 影响因子: 4.1
• 作者: Crucini;Mario J.;Mototsugu Shintani and Takayuki Tsuruga
• 通讯作者: Mototsugu Shintani and Takayuki Tsuruga