The Economic Studies Quarterly (Tokyo. 1950)

Online ISSN : 2185-4408
Print ISSN : 0557-109X
ISSN-L : 0557-109X

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Issue 3 Pages 193-
Issue 2 Pages 97-
Issue 1 Pages 1-

Volume 30, Issue 3

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FORMATION OF INFLATION EXPECTATIONS IN JAPAN

TOSHIHISA TOYODA

1979 Volume 30 Issue 3 Pages 193-201
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_193

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In this paper, we consider the formation of inflation expectations in Japan for the period, 1971Q2-77Q1. Utilizing a quarterly qualitative survey of about 6000 households, conducted by the Economic Planning Agency, we derive a quarterly series of expected rate of inflation by virtue of the modified version of Carlson=Parkin method. We also find that workers are more sensitive to price movements in their formation of expectations than farmers and self-supporting proprietors.
Using the derived series of expectations, we test several popular hypotheses of expectations formation including extrapolative, adaptive, weighted and rational expectations. The extrapolative scheme with quarterly trends is revealed to be the best description of the derived series. It is also seen that the contractive economic policy in 1974Q1 is a significant factor to explain the formation of inflation expectations.

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PURCHASING POWER PARITY AND CURRENCY SUBSTITUTION

EISUKE SAKAKIBARA

1979 Volume 30 Issue 3 Pages 202-218
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_202

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COMPARISON OF INEQUALITY MEASURES: A MONTE CARLO STUDY

KIYOSHI KUGA

1979 Volume 30 Issue 3 Pages 219-235
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_219

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CARDINALIZATION OF THE NASH SOCIAL WELFARE FUNCTION

MAMORU KANEKO, KENJIRO NAKAMURA

1979 Volume 30 Issue 3 Pages 236-242
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_236

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THE OPTIMAL USE OF FOREST RESOURCES: THE CASE OF EXTERNALITY IN CONSUMPTION

CHULSOON KHANG

1979 Volume 30 Issue 3 Pages 243-251
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_243

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PROPORTIONAL INCOME TAXATION AND NASH EQUILIBRIA IN A PUBLIC GOODS ECONOMY

MIKIO NAKAYAMA

1979 Volume 30 Issue 3 Pages 252-259
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_252

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ON A TWO-PART TARIFF UNDER OSCILLATING DEMAND

NOBUHIRO OKUNO

1979 Volume 30 Issue 3 Pages 260-265
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_260

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A COMMENT ON TAKEDA'S “A NOTE ON THE FUNDAMENTAL MARXIAN THEOREM”

TAKAO FUJIMOTO

1979 Volume 30 Issue 3 Pages 266-268
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_266

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[title in Japanese]

[in Japanese]

1979 Volume 30 Issue 3 Pages 269-272
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_269

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[title in Japanese]

[in Japanese]

1979 Volume 30 Issue 3 Pages 272-275
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_272

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[title in Japanese]

[in Japanese]

1979 Volume 30 Issue 3 Pages 276-278
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_276

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[title in Japanese]

[in Japanese]

1979 Volume 30 Issue 3 Pages 278-280
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_278

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[title in Japanese]

[in Japanese]

1979 Volume 30 Issue 3 Pages 280-281
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_280

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[title in Japanese]

[in Japanese]

1979 Volume 30 Issue 3 Pages 281-284
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_281

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[title in Japanese]

[in Japanese]

1979 Volume 30 Issue 3 Pages 285-288
Published: December 31, 1979
Released on J-STAGE: October 18, 2007

DOIhttps://doi.org/10.11398/economics1950.30.3_285

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