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A Short-Run Macroeconometric Model and Chain-type GDP-Introduction and Assessment (in Japanese)

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  • Keiko Murata
  • Koichiro Iwamoto
  • Katsuhiko Masubuchi

Abstract

This paper describes the introduction of chain-type GDP deflator to the 2005 revised version of the ESRI Short-Run Macroeconometric Model of the Japanese Economy and the assessment for that influence on simulated multipliers. According to our findings, the differences between chain-type and traditional fixed-weighted indexes do not make a major impact on a macroeconometric simulation, as far as a short-term simulation based on stable economic situations.

Suggested Citation

  • Keiko Murata & Koichiro Iwamoto & Katsuhiko Masubuchi, 2007. "A Short-Run Macroeconometric Model and Chain-type GDP-Introduction and Assessment (in Japanese)," Economic Analysis, Economic and Social Research Institute (ESRI), vol. 179, pages 57-70, August.
    • Handle: RePEc:esj:esriea:179c
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    File URL: http://www.esri.go.jp/jp/archive/bun/bun179/bun179d.pdf
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