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第1次世界大戦期における日本のマクロ経済政策 : 主として金融的側面を中心に
https://bunkyo.repo.nii.ac.jp/records/3876
https://bunkyo.repo.nii.ac.jp/records/3876038b61c2-3b46-427a-8869-45b5b254829e
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
BKSK030002.pdf (1.3 MB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2012-01-18 | |||||||
| タイトル | ||||||||
| タイトル | 第1次世界大戦期における日本のマクロ経済政策 : 主として金融的側面を中心に | |||||||
| タイトル | ||||||||
| タイトル | Japanese Macroeconomic Policy during World War I | |||||||
| 言語 | ||||||||
| 言語 | jpn | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | departmental bulletin paper | |||||||
| タイトル カナ | ||||||||
| その他のタイトル | ダイ1ジ セカイ タイセンキ ニ オケル ニホン ノ マクロ ケイザイ セイサク シュトシテ キンユウテキ ソクメン オ チュウシン ニ | |||||||
| 著者 |
鈴木, 恒一
× 鈴木, 恒一
|
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| 著者 | ||||||||
| 値 | Suzuki, Koichi | |||||||
| 所属機関 | ||||||||
| 値 | 文教大学国際学部 | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | In 1914 when World War I broke out, Japanese exports grew rapidly and the Japanese economy enjoyed a substantial balance of payments surplus and high economic growth. In 1916, however, the overheated economy caused an inflationary tendency, which steadily accelerated towards galloping inflation. Then, after the War, a deep depression occurred in 1920 as the reaction to this situation. According to the accepted opinion, the main cause of the inflation was an over-issue of banknotes based on the increasing specie holdings of the Bank of Japan. Yet this was just one small factor, in my opinion, and the main factor was rather the fiscal and monetary policy of that time. Until 1917 the Bank of Japan continued to follow an easy monetary policy. It brought about a large increase in bank loan and a consequent increase in the money supply. Why did the Japanese Government and the Bank of Japan exercise such an easy policy? It could be because they were inclined to accelerate the progress of Japanese industries with adequate money supply. In 1918 the Bank of Japan switched its monetary policy by raising the Bank rate. But it was too late and the policy was not restrictive enough. Furthermore, fiscal policy was also stimulative, for government expenditure was increasing rapidly. The aim of the Government to modernize its military power and other public facilities was another background factor. In conclusion, the Japanese inflation of that time was not an inevitable effect of t he large balance of payments surplus, but was caused by the inappropriate fiscal and monetary policy. |
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| 書誌情報 |
文教大学国際学部紀要 en : Journal of the Faculty of International Studies Bunkyo University 巻 3, p. 1-14, 発行日 1993-01-01 |
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| 出版者 | ||||||||
| 出版者 | 文教大学 | |||||||
| ISSN | ||||||||
| 収録物識別子タイプ | ISSN | |||||||
| 収録物識別子 | 09173072 | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | VoR | |||||||
| 本文言語 | ||||||||
| 値 | 日本語 | |||||||
| ID | ||||||||
| 値 | BKSK030002 | |||||||
