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Grant-in-Aid for Scientific Research (KAKENHI)

The Ministry of Education, Culture, Sports, Science and Technology grants aid to universities and other research institutions to promote scientific research in Japan.  In 2007, the rate of new selection for Grants for Scientific Research is an average of 24%; however, Hitotsubashi University obtained over 56 % and has ranked first for three consecutive years.  In 2007, a total of 125 (except for Grant-in-Aid for JSPS fellows) research grants, including the following large-scale projects, have been selected.

Grant-in-Aid for Specially Promoted Research

Economic Analysis of Intergenerational Issues
Head Investigator: Prof. Noriyuki TAKAYAMA, Institute of Economic Research

The project on Economic Analysis of Intergenerational Issues addresses pension, health care and employment problems in the context of the ageing/declining population. It clarifies current and future intergenerational situations of economic well-being, examines cohort-by-cohort motivations to mitigate intergenerational conflicts, and deepens conceptual understanding of intergenerational equity. It also conducts studies of the Japanese version of health and retirement

Grant-in-Aid for Creative Scientific Research

Understanding Inflation Dynamics of the Japanese Economy: An Approach Integrating Microeconomic Behaviors and Aggregate Fluctuations`
Head Investigator: Prof. Tsutomu WATANABE, Institute of Economic Research

Low inflation has been a fact of economic life in many countries over the last two decades. This tendency is particularly clear for the Japanese economy: the inflation rate has been staying close to or below zero since the latter half of the 1990s. The purpose of this project is to study the causes and implications of such a change in the inflation process. The key idea is that a decline in the inflation rate at the macro level should be closely related to changes in firms' microeconomics behavior. Based on this understanding, we plan to employ high frequency scanner data to investigate changes in firms' price setting behaviors.

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