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ゼロ金利下における政策効果のパラドックス：可視的アプローチによる俯瞰

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  • 奴田原健悟

Abstract

近年，ゼロ金利下におけるニューケインジアンモデルでの政策効果が，従来のマクロ経済理論で考えられていたものと大きく異なることが指摘され，パラドックスとも呼ばれている．本稿では，このゼロ金利下の政策効果のパラドックスが「右上がりの総需要曲線（AD 曲線）」によって説明できることを示す．またパラドックスの多くは，学部教育でも使用可能なフォワードルッキングな要素を持たないケインジアンモデル（IS-MP モデル，AD-AS モデル）による可視的なアプローチによって説明できることを示す．

Suggested Citation

  • 奴田原健悟, 2014. "ゼロ金利下における政策効果のパラドックス：可視的アプローチによる俯瞰," CIGS Working Paper Series 14-010J, The Canon Institute for Global Studies.
    • Handle: RePEc:cnn:wpaper:14-010j
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