WEKO3
アイテム
A New Keynesian Macroeconometric Model and the Estimation of the Effect of the VAT hike of Japan
https://kyotogakuen.repo.nii.ac.jp/records/1287
https://kyotogakuen.repo.nii.ac.jp/records/1287399e3f06-46e8-4e98-83bf-ce43a160a3aa
| Item type | [ELS]紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2018-06-13 | |||||
| タイトル | ||||||
| タイトル | A New Keynesian Macroeconometric Model and the Estimation of the Effect of the VAT hike of Japan | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | jpn | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | New Keynesian Model | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | forward-looking | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Translog function | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | VAT | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| アクセス権 | ||||||
| アクセス権 | metadata only access | |||||
| アクセス権URI | http://purl.org/coar/access_right/c_14cb | |||||
| 雑誌書誌ID | ||||||
| 収録物識別子タイプ | NCID | |||||
| 収録物識別子 | AN10373395 | |||||
| 著者 |
尾崎, タイヨ
× 尾崎, タイヨ× Ozaki, Taiyo |
|||||
| 著者所属(日) | ||||||
| 京都学園大学経済学部 | ||||||
| 抄録(英) | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | In this paper, we discuss the development of a small macroeconometric model of Japan. The model has the typical features of a new Keynesian macroeconomic model, including the effects of both short-term demand shocks and long-term equilibrium conditions or supply-side constraints. The model incorporates an error correction formula to ensure the stability of the long-term conditions and the co-integrated relations. The model features partly forward-looking variables, which imply the model-consistent expectation that the minimum forecasting error is assured. The model also adopts a translog function to estimate the share functions for the bilateral trade relations instead of using the conventional function that more effectively reflects changes in the relative price and the demand between trading partners. Several simulation analyses indicate that the multiplier of the fiscal expansion is 1.4~1.6 if the whole expenditure is regarded as "real water". We also estimated the impact of a VAT hike of Japan. It may reduce the Japanese economy by 3% |
|||||
| 書誌情報 | 巻 22, 号 2, p. 29-56, 発行日 2013-03 | |||||
