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...

Because habit formation among consumers preference has strong influence on policy effects, it is crucially important for public policy management. In this article, I estimate the Euler equation allowing habit formation based on Dynan (2000), using data from the Japanese Panel Survey of Consumers...

This paper describes the basic structure and multipliers of the 2010 revised version of The ESRI Short-Run Macroeconometric Model of the Japanese Economy, which was first released in 1998. The model is basically a demand-oriented, traditional Keynesian-type model with an IS-LM-BP framework;...

This paper describes the basic structure and multipliers of the 2015 version of The ESRI Short-Run Macroeconometric Model of the Japanese Economy, which was first released in 1998. The model is basically a demand-oriented, traditional Keynesian model with IS-LM-BP framework; however, it adopts...

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...

The paper aims at quantifying the higher-order expectations that Keynes (1936) compared to the beauty contest, applying a measure of relative entropy to the Japanese ESP Forecast Survey data during the deflationary period. We conclude that during the deflationary period from June 2009 to April...

This paper examines the factors that lie behind the couples' declining number of children and desire for children, associating among living environment, economic situation, and husband and wife’s consciousness and sense of value. Data for this paper was compiled through a web-based...

Being healthy is one of the most important factors that affect the degree of human happiness. In an aging society, deaths due to cancer tend to increase. When considering the improvement of wealth of the aging society in Southeast Asia, the international transfer of Japanese R&D results and...