Institutional Complementarity and Macro-economic Stability

制度互补与宏观经济稳定

基本信息

批准号：
13430002
负责人：
UNI Hiroyuki
金额：
$ 3.33万
依托单位：
Kyoto University
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (B)
财政年份：
2001
资助国家：
日本
起止时间：
2001 至 2003
项目状态：
已结题

项目摘要

First, in our research project, it was clarified theoretically and empirically what kind of combination between labor institutions and financial institutions brings about macroeconomic stability. The outline is as follows. It is well known that macroeconomic fluctuations are caused by various factors, the many of which are accompanied by the changes in investment. Investment fund is provided from two routes. The first one is the internal fund mainly based on profit, the second one is the external fund procured by capital market or banks. Labor institutions regarding employment and wages affect the elasticity of wage costs to the amount of production. Consequently, these institutions affect the elasticity of the amount of the profit and the internal fund. On the other hand, financial institutions influence the elasticity of the external fund. Thus, both labor institutions and financial institutions relate to macroeconomic dynamics through their influence on investment.Second, we analyze … More d theoretically and empirically the relation between public order and the monetary system, paying attention to institutional complementarities. Money has dual characteristics: public goods and private goods. This dualism cannot be overcome and people's credibility to money cannot be build by the legislation of the monetary system alone. The complementarities between monetary systems and other institutions such as the social security system or the fiscal system guarantees social stability of the monetary system, and plays the role to mediate money and public order.Thirdly, from the viewpoint of firms and nations, we analyzed how various economic subjects behaved when the institutional complementarities deteriorated and macroeconomic instability occurred. The existing institutional environment functions as a restriction against the reforms in firms. We clarified conditions for overcoming this restriction and the success of reforms. Moreover, we examined what kind of reforms in the fiscal policy and the social security system was preferable under a new kind of institutional complementarities. Less

首先，在我们的研究项目中，澄清了理论和经验上劳动机构与金融机构之间的结合，带来了宏观经济稳定。大纲如下。众所周知，宏观经济波动是由各种因素引起的，其中许多因素是通过投资变化来实现的。投资基金是从两条路线提供的。第一个是主要基金基金的基金，第二个是由资本市场或银行购买的外部基金。有关就业和工资的劳动机构影响工资成本的弹性对生产量。因此，这些机构会影响利润和内部基金的弹性。另一方面，金融机构会影响外部基金的弹性。这是劳动机构和金融机构通过对投资的影响与宏观经济动态有关的。第二，我们分析了……更多的理论和经验上的公共秩序与货币体系之间的关系，关注制度互补性。金钱具有双重特征：公共物品和私人商品。这种二元论不能克服，人们对金钱的信誉不能仅由货币体系的立法来建立。货币制度与其他机构（例如社会保障系统或财政系统）之间的互补性保证了货币体系的社会稳定性，并发挥了调解货币和公共秩序的作用。从公司和国家的观点来看，三分之二，我们分析了当制度互补性确定和宏观经济性的事件时，各种经济受试者的行为如何。现有的机构环境起着对公司改革的限制。我们阐明了克服这一限制和改革成功的条件。此外，我们研究了财政政策中的哪种改革，在一种新型的机构完成下，更可取社会保障体系。较少的