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...

This paper describes the tentative structure and multipliers of the revised version of the EPA Short-Run Macroeconometric Model of the Japanese Economy, which was released in 1998 (Hori et al. [1998]). The model is basically a demand-oriented, traditional Keynesian-type model with IS-LM-BP...