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

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  • Masahiro HORI
  • Daiju AOKI

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.

Suggested Citation

  • Masahiro HORI & Daiju AOKI, 2004. "The CAO Short-Run Macroeconometric Model of Japanese Economy (2003 version) -Basic Structure, Multipliers, and Economic Policy Analysis- (in Japanese)," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 172, pages 106-195, March.
  • Handle: RePEc:esj:esriea:172e
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