The purpose of the paper is to examine what kind of investment theory can explain the recent movements in corporate investment in Japan. To explain the drastic decline in corporate investment in the wake of the bubble economy, economists applied Tobin's Q theory with liquidity constraints or...

We explore the difficulties among corporations that manage disaster risk. What encourages a company to manage its risks? We interview Japanese manufacturing companies to find out, noting that disaster risk management compensates for the vulnerability of supply chains. We also theoretically...

This paper explores the difficulties of corporate disaster risk management by surveying the existing literature in the field. We point out the characteristics of disaster risk, including the low probability of any one disaster occurring, the huge magnitude of losses caused by disasters, and the...

This paper describes the basic structure and multipliers of the 2008 revised version of The ESRI Short-Run Macroeconometric Model of the Japanese Economy, which was first released in 1998 (Hori et al. (1998)). The model is basically a demand-oriented, traditional Keynesian-type model with an...