Searching for the ‘Missing Equations’ of the U.S.A., the U.K., and Japan : Quarterly Estimations, 1980 - 2015

AMANO, Masanori

天野, 昌功

[SUMMARY] This paper sets up a relationship representing an elasticity of output and the price level regarding nominal income. The concept dates back at least to Keynes (1936) , and was taken up by Friedman (1970) and Laidler (1995). The name‘missing equation’comes from the fact that it makes clear the proportion of output changes due to changes in nominal income. We estimatedel this proportion for periods around 1980 through 2015 using quarterly data of the U.S.A., the U.K., and Japan. Some comparisons are made among the estimated results for those three countries.

https://opac.ll.chiba-u.jp/da/curator/109692/

https://opac.ll.chiba-u.jp/da/curator/109692/S09127216-35-3-P051-AMA.pdf

千葉大学経済学会

Economics Association for Chiba University

Departmental Bulletin Paper

09127216

AN10005358

千葉大学経済研究 = Economic journal of Chiba University

35

3-4

51

64

2021-03-15

https://doi.org/10.20776/S09127216-35-3-P51

eng

publisher

Economic journal of Chiba University (ONLINE ISSN 2436-8873)