{"created":"2023-05-15T12:16:44.386977+00:00","id":6040,"links":{},"metadata":{"_buckets":{"deposit":"5b4ff2e5-6a75-495f-b4df-e333861fdb34"},"_deposit":{"created_by":1,"id":"6040","owners":[1],"pid":{"revision_id":0,"type":"depid","value":"6040"},"status":"published"},"_oai":{"id":"oai:kansai-u.repo.nii.ac.jp:00006040","sets":["528:933:949"]},"author_link":["12649"],"control_number":"6040","item_3_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2005-06","bibliographicIssueDateType":"Issued"},"bibliographicPageEnd":"30","bibliographicPageStart":"1","bibliographicVolumeNumber":"F-19","bibliographic_titles":[{"bibliographic_title":"Working Paper Series","bibliographic_titleLang":"en"}]}]},"item_3_description_4":{"attribute_name":"概要","attribute_value_mlt":[{"subitem_description":"This paper investigates the performance of monetary policy rules in a credit\neconomy. In particular, the paper considers whether or not performance depends\nupon financial market imperfection. For this purpose, the paper analyzes a credit\neconomy model incorporating a financial friction into a new Keynesian\nmacroeconomic model. The answer is yes. First, the central bank should respond to\noutput rather than to inflation if the financial market is markedly imperfect.\nSecond, under this market condition, the bank should not adopt policy smoothing.\nThird, the bank should not respond to inflation as aggressively under financial and\nwealth distribution shocks as under a common supply shock. The results are\nexactly the same even if the economy takes account of the stability of nominal\ninterest rate or if the central bank responds to expected inflation rather than\ncurrent inflation. The paper therefore does not support inflation targeting as the\ndominant strategy of monetary policy and suggests instead that, in practice, the\nTaylor rule might be more appropriate in fragile financial markets.","subitem_description_type":"Other"}]},"item_3_publisher_34":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"Economic Society of Kansai University","subitem_publisher_language":"en"}]},"item_3_text_35":{"attribute_name":"出版者（他言語）","attribute_value_mlt":[{"subitem_text_language":"ja","subitem_text_value":"関西大学経済学会"}]},"item_3_version_type_17":{"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":"Nakagawa, Ryuichi","creatorNameLang":"en"},{"creatorName":"中川, 竜一","creatorNameLang":"ja"}],"nameIdentifiers":[{"nameIdentifier":"12649","nameIdentifierScheme":"WEKO"},{"nameIdentifier":"60309614","nameIdentifierScheme":"e-Rad","nameIdentifierURI":"https://nrid.nii.ac.jp/ja/nrid/1000060309614"},{"nameIdentifier":"0000-0001-5942-5060","nameIdentifierScheme":"ORCID iD","nameIdentifierURI":"https://orcid.org/0000-0001-5942-5060"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2019-05-21"}],"displaytype":"detail","filename":"KU-1100WP-20050600-01.pdf","filesize":[{"value":"406.2 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"KU-1100WP-20050600-01.pdf","url":"https://kansai-u.repo.nii.ac.jp/record/6040/files/KU-1100WP-20050600-01.pdf"},"version_id":"bc17fc81-84de-4c1a-972b-4061d729c6e7"}]},"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":"Optimal Monetary Policy in a Credit Economy","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Optimal Monetary Policy in a Credit Economy","subitem_title_language":"en"}]},"item_type_id":"3","owner":"1","path":["949"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2010-12-03"},"publish_date":"2010-12-03","publish_status":"0","recid":"6040","relation_version_is_last":true,"title":["Optimal Monetary Policy in a Credit Economy"],"weko_creator_id":"1","weko_shared_id":-1},"updated":"2023-10-31T05:50:22.271923+00:00"}