The CAO Short-Run Macroeconometric Model of Japanese Economy (2003 version) -Basic Structure, Multipliers, and Economic Policy Analysis- (in Japanese)

Masahiro Hori and Daiju Aoki

Economic Analysis, 2004, vol. 172, 106-195

Abstract: This paper describes the basic structure and multipliers of the revised version of the CAO Short-Run Macroeconometric Model of the Japanese Economy, which was firstly released in 1998 (Hori et al. [1998]) and tentative version released in 2001 (Hori et.al. [2001]).The model is basically a demand-oriented, traditional Keynesian-type model with IS-LM-BP framework; however, it adopts recent developments in econometrics, such as co-integration, and error-correction to ensure a long-run equilibrium.

Date: 2004
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Working Paper: The CAO Short-Run Macroeconometric Model of Japanese Economy (2003 version) - Basic Structure, Multipliers, and Economic Policy Analyses -(in Japanese) (2003)
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