@article{oai:shobi-u.repo.nii.ac.jp:00000066,
 author = {東, 忠尚 and HIGASHI, Tadahisa},
 journal = {尚美学園大学総合政策研究紀要, Bulletin of policy and management, Shobi University},
 month = {Mar},
 note = {In the 1990s the policy of Inflation Targeting was introduced by about 50 countries to curtail hyper inflation, and it has been successful. However, nowadays the most critical problem in Japan is rather to reduce the deflation gap and to get out of the liquidity trap.Therfore it is debating whether Inflation Targeting will be effective enough to overcome deflation or not. Many academic economists and politicians insist that Inflation Targeting, as an antideflation means, will convert deflatioary sentiment to inflationary sentiment to raise the rate of general prices and increase output.However, it is not clear how the transmission mechanism will work to create anticipated inflation and increase output. Moreover, causing anticipated inflation will be possible to push up interest rates, wage rates and surpress output. It is controversial from the theoretical and practical points of view.Instead, we should watch signs that the expanding monetary policy such as increasing monetary base introduced by the Bank of Japan in march 2001 will lead to. In fact we observe that the rate of general prices are beginning to show an upward tendency and business conditions have been brighter since the latter part of last year., 2, KJ00004616780, 論文, Article},
 pages = {15--28},
 title = {インフレーション・ターゲティング論(3)},
 volume = {7},
 year = {2004},
 yomi = {ヒガシ, タダヒサ}
}