オカムラ　カズアキ   OKAMURA Kazuaki   岡村　和明    所属   広島修道大学  経済科学部    職種   教授
言語種別	英語
発行・発表の年月	2019/12
形態種別	学術論文
標題	Spatial Spillover and Dynamics in Regional Inflation
執筆形態	共著
掲載誌名	Chukyo University Institute of Economics Discussion Paper Series
掲載区分	国内
巻・号・頁	1908
著者・共著者	Yasuko Hinoki, Junya Masuda, Manami Ogura
概要	This paper analyzes the aggregate inflation dynamics based on the spatial model that allows the asymmetric regional spillover effects using Japanese prefectural panel data. We simulate how the shocks in regional inflation affect the aggregate inflation and evaluate which region should be targeted for achieving high aggregate inflation. Our finding suggests that policies targeting rural rather than urban areas are important for activating the aggregate economic activity reflected in the price level. Our findings further suggest that the monetary policy of "price stability target" should also set up the "rural price stability target" to achieve national “price stability target.”