Statistical filters such as Hodrick-Prescott and Band-pass filters are widely applied in business cycle studies for detrending time series data and measuring their cyclical components, nevertheless theoretical literature has criticized that they may distort the statistical properties of...

This paper examines forecast data of the ESP Forecast (hereafter ESPF), the monthly survey of forecasts for the Japanese economy, for 4 variable -- three quarterly figures of real GDP growth rates, year-on-year CPI growth rate and unemployment rate, and fiscal year real GDP growth rate -- in FY...

It is pointed out that Local allocation tax (LAT), an intrinsic local revenue source aimed at offsetting and balancing the disparity between local governments, relates to efforts to increase tax revenue and mitigate expenditure. This work investigates whether local governments confront Soft...

This paper describes the basic structure and multipliers of the 2006 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...

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...

Postwar Germany accepted a large number of workers, especially from Turkey, Italy, and Greece, in the course of the "German Wirtschaftswunder," or "Economic Miracle." After the ban on recruitment in 1973, the inflow of foreign workers to Germany decreased; however, due to the inflow of the...

In this article, we analyze the household consumption tax burden in Japan. One of characteristics of our research is to analyze it, taking into account other household burdens such as income tax and social security contributions. We modify the micro simulation analysis used by Tajika and Yashio...

This paper analyzes female happiness decision factor related with child care using the data of JPSC (Japanese Panel Survey of Consumers). JPSC is targeted for 20-40 females and has questions of subjective happiness and life satisfaction. We establish a hypothesis that subjective happiness is in...

In this paper, the natural catastrophe insurance systems of the world, including Japan's, are classified and compared from three aspects: government commitment, insurance scheme, and mitigation incentives. Through the study, the strengths and weaknesses of the Japanese earthquake insurance...

The gender wage gap among full-time workers has narrowed in the last 15 years in Japan. The demographic characteristics of full-time employees also has changed during the same period. The changed composition of workers could result in an observed gender wage convergence without any change in the...