Masahiro, HORI; Makoto, YAMANE; Toshiyuki, TANABE - Economic and Social Research Institute (ESRI), Cabinet … - 2003
This paper reports the result of some stochastic simulations using a tentatively modified version of the Short-Run Macroeconometric Model of Japanese Economy, which was released in 2001 (Hori et al. [2001]). Repeatedly calculated multipliers indicate that the multipliers of an econometric model...