Abstract for: ASD Macroeconomic Model of Japan on the Flow of Funds and National Accounts - Work-in-Progress Report on the Small Version -
We have reported our early stage development of “ASD Macroeconomic Model of Japan on the Flow of Funds and National Accounts” at the 33rd International Conference of the System Dynamics Society, Cambridge, Massachusetts, USA, July 20, 2015. The model is not yet completed due to the three impediments: (a) it is too large: 15 macro-sectors and 23 transaction items,(b) its generic model of stock approach was not developed, (c) its generic correspondent model of cross-border payments was not developed. The impediments (b) and (c) are now removed. Accordingly, by reducing its model size in (a) we report here our current modeling work as work-in-progress. The main purpose of our ASD model is to understand macroeconomic and monetary system structures that caused the so-called “Japan’s lost 30 years (1991- 2021)”.