Price stability and the inter-industry propagation of stochastic impulse : formulating dynamic price equation and an application of the langevin equation

• 資料種別: 文書・図像類
• タイトル: Price stability and the inter-industry propagation of stochastic impulse : formulating dynamic price equation and an application of the langevin equation
• 著者・編者: 早見, 均
• 著者標目: 早見, 均
• 出版事項: Keio Economic Observatory
• 出版年月日等: 2001-07
• 出版年（W3CDTF）: 2001-07
• タイトル（掲載誌）: KEO discussion paper
• 巻号年月日等（掲載誌）: 62
• 掲載巻: 62
• 本文の言語コード: eng
• 件名標目: Propagation,Im pulse,Capital goods,Price equation,Nonlinearity,Multi-sectoral,Total factor productivity
• 対象利用者: 一般
• 一般注記: type:text; Dynamic price equation has a feedback effect from the capital gain/loss ofits user's cost of capital. Hayami[1993] developed the model which endogenouslydetermines the capital goods prices, and this paper investigates moregeneral characteristics of the system,and extends it into incorporating stochasticfluctuation due to the total factor productivity(TFP).The latter extension tostochastic system has been developed by Hayami [1999]. In a deterministicmodel, the system's stability depends on the degree of out-sourcing of capitalgoods, relatively higher out-sourcing causes the system into saddle point equilibrium.This paper presents all the possible steady states in the dynamic priceequation, and draws their phase portraits.
• DOI: 10.14991/004.00000062-0001
• オンライン閲覧公開範囲: 限定公開
• 連携機関・データベース: 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 慶應義塾大学 : 慶應義塾大学学術情報リポジトリ