| Budget Amount *help |
¥17,160,000 (Direct Cost: ¥13,200,000、Indirect Cost: ¥3,960,000)
Fiscal Year 2019: ¥5,330,000 (Direct Cost: ¥4,100,000、Indirect Cost: ¥1,230,000)
Fiscal Year 2018: ¥5,330,000 (Direct Cost: ¥4,100,000、Indirect Cost: ¥1,230,000)
Fiscal Year 2017: ¥6,500,000 (Direct Cost: ¥5,000,000、Indirect Cost: ¥1,500,000)
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| Outline of Final Research Achievements |
We developed new nonlinear econometric methods for detrending and model selection, which are essential for macroeconomic analysis. We considered several alternative methods for the purpose of avoiding the model misspecification and allowing a flexible nonlinear trend function. First, we developed a testing procedure in the presence of both a nonlinear and stochastic trends. Second, we proposed a new method for selecting an appropriate macroeconomic model and applied to data. We also conducted various policy analyzes by estimating nonlinear macroeconomic models.
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