Yoshiyasu Ono

Osaka University - Institute of Social and Economic Research (ISER)

6-1 Mihogaoka

Ibaraki, Osaka 567-0047

Japan

  • Osaka University - Institute of Social and Economic Research (ISER)

SCHOLARLY PAPERS

38

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18

Scholarly Papers (38)

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1.

The Keynesian Multiplier Effect Reconsidered

ISER Discussion Paper No. 730
Number of pages: 8 Posted: 16 Jan 2009
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 245 (240,982)
Citation 2

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the multiplier effect, public works, unemployment benefits, national income accounting

2.

Structural Unemployment, Underemployment, and Secular Stagnation

Downloads 210 (279,106)
Citation 4

Structural Unemployment, Underemployment, and Secular Stagnation

ISER DP No. 1088RRR
Number of pages: 55 Posted: 10 Jun 2020 Last Revised: 31 Jan 2023
Ken-Ichi Hashimoto, Yoshiyasu Ono and Matthias Schlegl
Kobe University - Faculty of Economics, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 144 (388,080)

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Secular stagnation, underemployment, unemployment, labor market frictions, search and matching

Structural Unemployment, Underemployment, and Secular Stagnation

CESifo Working Paper No. 8318
Number of pages: 56 Posted: 05 Jun 2020
Ken-Ichi Hashimoto, Yoshiyasu Ono and Matthias Schlegl
Kobe University - Faculty of Economics, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 66 (661,379)
Citation 4

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secular stagnation, underemployment, unemployment, labor market frictions, search and matching

3.

An Oligopolistic Heckscher-Ohlin Model of Foreign Direct Investment

Number of pages: 25 Posted: 01 Jul 2008
Sajal Lahiri and Yoshiyasu Ono
Southern Illinois University Carbondale - Department of Economics and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 206 (284,149)

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FDI, Oligopoly, Heckscher-Ohlin model

4.

Fallacy of the Multiplier Effect: Correcting the Income Analysis

ISER Discussion Paper No. 673
Number of pages: 8 Posted: 18 Oct 2006
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 199 (293,208)

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multiplier effect, consumption function, national income account

5.

Zero Nominal Interest Rates, Unemployment, Excess Reserves and Deflation in a Liquidity Trap

ISER Discussion Paper No. 748
Number of pages: 31 Posted: 13 Jul 2009
Yoshiyasu Ono and Ryu-ichiro Murota
Osaka University - Institute of Social and Economic Research (ISER) and Kindai University
Downloads 188 (308,721)

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Liquidity Trap, Zero Nominal Interest Rate, Persistent Unemployment, Excess Reserve, Deflation

6.

Tariffs Versus Production Subsidies as Industry Protection

ISER Discussion Paper No. 865
Number of pages: 14 Posted: 05 Mar 2013
Yoshitomo Ogawa and Yoshiyasu Ono
Kinki University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 187 (310,149)

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Commodity Tax, Production Subsidy, Tariff, Industry Protection

7.

Credit Booms, Debt Overhang and Secular Stagnation

Downloads 184 (314,620)
Citation 18

Credit Booms, Debt Overhang and Secular Stagnation

CESifo Working Paper Series No. 6796
Number of pages: 46 Posted: 16 Feb 2018
Gerhard Illing, Yoshiyasu Ono and Matthias Schlegl
Ludwig Maximilian University of Munich (LMU) - Faculty of Economics, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 105 (495,905)
Citation 18

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secular stagnation, aggregate demand deficiency, liquidity preferences, financial frictions, leverage

Credit Booms, Debt Overhang and Secular Stagnation

ISER Discussion Paper No. 988
Number of pages: 45 Posted: 27 Dec 2016 Last Revised: 04 Dec 2017
Gerhard Illing, Yoshiyasu Ono and Matthias Schlegl
Ludwig Maximilian University of Munich (LMU) - Faculty of Economics, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 79 (597,636)
Citation 1

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Secular Stagnation, Aggregate Demand Deficiency, Liquidity Preferences, Financial Frictions, Leverage

8.

A Reinterpretation of the Keynesian Consumption Function and Multiplier Effect

ISER Discussion Paper No. 779
Number of pages: 12 Posted: 08 Jun 2010
Ryu-ichiro Murota and Yoshiyasu Ono
Kindai University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 165 (346,440)
Citation 1

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Keynesian Consumption Function, Multiplier Effect, Keynesian Cross, Persistent Unemployment, Aggregate Demand

9.

Wealth Preference and Rational Bubbles

Downloads 163 (351,933)
Citation 3

Wealth Preference and Rational Bubbles

ISER DP No. 1035
Number of pages: 55 Posted: 24 Jul 2018
Jean-Baptiste Michau, Yoshiyasu Ono and Matthias Schlegl
Ecole Polytechnique, Paris, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 101 (513,629)

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Ponzi Scheme, Rational Bubble, Wealth Preference

Wealth Preference and Rational Bubbles

CESifo Working Paper Series No. 7148
Number of pages: 56 Posted: 28 Aug 2018
Jean-Baptiste Michau, Yoshiyasu Ono and Matthias Schlegl
Ecole Polytechnique, Paris, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 62 (683,335)
Citation 3

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Ponzi scheme, rational bubble, wealth preference

10.

Public Debt Places No Burden on Future Generations under Demand Shortage

ISER Discussion Paper No. 791
Number of pages: 26 Posted: 27 Sep 2010 Last Revised: 28 Sep 2010
Takayuki Ogawa and Yoshiyasu Ono
Faculty of Economics, Osaka University of Economics and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 118 (451,901)
Citation 1

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Demand shortage, Overlapping generations, Public debt, Unemployment, Welfare effects

11.

Learning, Liquidity Preference, and Business Cycle

Number of pages: 35 Posted: 27 Apr 2004
Ryo Horii and Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 118 (451,901)

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Bayesian learning, liquidity preference, precautionary motive, business cycle, Markov switching

12.

Growth, Secular Stagnation and Wealth Preference

ISER Discussion Paper No. 946
Number of pages: 28 Posted: 01 Sep 2015
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 103 (499,270)

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Long-run stagnation, aggregate demand deficiency, wealth preference, fair wages, economic growth, deflationary gap, zero interest rates

13.

International Spillover of Economic Fluctuations: A Dynamic Optimization Approach

Osaka University Institute of Social and Economic Research Discussion Paper No. 527
Number of pages: 25 Posted: 01 May 2006
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 101 (506,105)

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persistent unemployment, exchange rate, current account

14.

Accounting for the Slowdown in Output Growth after the Great Recession: A Wealth Preference Approach

ISER DP No. 1174R
Number of pages: 37 Posted: 13 May 2022 Last Revised: 24 Mar 2023
Kazuma Inagaki, Yoshiyasu Ono and Takayuki Tsuruga
University of Rochester - University of Rochester, School of Arts and Sciences, Department of Economics, Students, Osaka University - Institute of Social and Economic Research (ISER) and Osaka University, Institute of Social and Economic Research
Downloads 98 (516,383)

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Secular stagnation, Wealth preferences, Liquidity preferences, the Great Recession, Downward nominal wage rigidity

15.

Capital Income Taxation and Specialization Patterns: Investment Tax vs. Saving Tax

ISER Discussion Paper No. 649
Number of pages: 32 Posted: 29 Mar 2006
Yoshiyasu Ono and Akihisa Shibata
Osaka University - Institute of Social and Economic Research (ISER) and Kyoto University
Downloads 91 (541,791)

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saving tax, investment tax, two-sector growth model, industrial structure, financial asset trade

16.

A Simple Aggregate Demand Analysis With Dynamic Optimization in a Small Open Economy

ISER Discussion Paper No. 1061, July 2019
Number of pages: 26 Posted: 27 Sep 2019
Ken-Ichi Hashimoto and Yoshiyasu Ono
Kobe University - Faculty of Economics and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 83 (572,995)
Citation 1

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aggregate demand shortage, unemployment, small open economy

17.

Macroeconomic Interdependence Between a Stagnant and a Fully Employed Country

Downloads 77 (598,291)

Macroeconomic Interdependence Between a Stagnant and a Fully Employed Country

ISER Discussion Paper No. 893
Number of pages: 41 Posted: 29 Jan 2014 Last Revised: 21 Jun 2017
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 39 (837,042)

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long-run unemployment, long-run stagnation, fiscal expansion, government purchases, current account, liquidity trap, exchange rate.

Exchange-Rate Adjustment and Macroeconomic Interdependence between Stagnant and Fully Employed Countries

CESifo Working Paper Series No. 4659
Number of pages: 24 Posted: 13 Mar 2014
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 38 (845,219)

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long-run unemployment, fiscal expansion, current account, liquidity trap, exchange rate

18.

Growth, Stagnation and Status Preference

ISER Discussion Paper No. 715
Number of pages: 32 Posted: 19 Jun 2008
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 70 (630,432)

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Status Preference, Persistent Unemployment, Long-Run Growth

19.

Protective Trade Policies 'Reduce' Employment: A Dynamic Optimization Approach

ISER Discussion Paper No. 659
Number of pages: 22 Posted: 02 May 2006
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 70 (630,432)

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persistent unemployment, trade restrictions, exchange-rate adjustment, dynamically optimizing agents

20.

Nominal Wage Adjustment, Demand Shortage And Economic Policy

ISER Discussion Paper No. 760
Number of pages: 38 Posted: 16 Nov 2009
Yoshiyasu Ono, Junichiro Ishida and Institute of Social and Economic Research
Osaka University - Institute of Social and Economic Research (ISER), Osaka University - Institute of Social and Economic Research and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 68 (640,245)
Citation 3

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Wage adjustment, Fairness, Phillips curve, Demand shortage, Persistent Stagnation

21.

Country Size, Specialization Patterns and Secular Demand Stagnation

Downloads 67 (645,121)

Country Size, Specialization Patterns and Secular Demand Stagnation

CESifo Working Paper Series No. 6752
Number of pages: 38 Posted: 18 Jan 2018
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 41 (821,377)

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secular demand stagnation, liquidity trap, unemployment, population, specialization pattern

Country Size, Specialization Patterns and Secular Demand Stagnation

ISER Discussion Paper No. 1017
Number of pages: 37 Posted: 08 Nov 2017
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 26 (954,707)

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Secular Demand Stagnation, Liquidity Trap, Unemployment, Population, Specialization Pattern

22.

Determinacy of Equilibrium Under Various Phillips Curves

ISER Discussion Paper No. 706
Number of pages: 29 Posted: 20 Feb 2008
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 66 (650,116)

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Phillips curve, indeterminacy, non-existence, Taylor rule

23.

Difference or Ratio: Implication of Status Preference on Stagnation

ISER Discussion Paper No. 856
Number of pages: 25 Posted: 12 Oct 2012 Last Revised: 12 Feb 2014
Yoshiyasu Ono and Katsunori Yamada
Osaka University - Institute of Social and Economic Research (ISER) and Kindai University - Faculty of Economics
Downloads 61 (676,067)
Citation 8

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status, stagnation, unemployment

24.

Immigration and Secular Stagnation

ISER DP No. 1054, May 2019
Number of pages: 34 Posted: 03 Jun 2019 Last Revised: 16 Jul 2019
Kaz Miyagiwa and Yoshiyasu Ono
Emory University - Department of Economics and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 60 (681,359)
Citation 1

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Immigration, unemployment, secular stagnation, aggregate demand deficiency, remittances

25.

The Byrd Amendment as Facilitating a Tacit International Business Collusion

ISER Discussion Paper No. 647
Number of pages: 21 Posted: 18 Jan 2006
Yoshitomo Ogawa and Yoshiyasu Ono
Kinki University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 60 (681,359)

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Byrd Amendment, Continued Dumping and Subsidy Offset Act (CDSOA), Antidumping duty, Tariff-revenue distribution

26.

Does Pro-Population Policy Raise Per Capita Consumption?

ISER Discussion Paper No. 697
Number of pages: 20 Posted: 19 Jul 2007
Ken-Ichi Hashimoto and Yoshiyasu Ono
Kobe University - Faculty of Economics and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 58 (692,265)

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child allowance, child rearing, endogenous fertility, wage income tax

27.

Growth or Stagnation: Economic Consequences of Status Preference

Osaka University Institute of Social and Economic Research Discussion Paper No. 524
Number of pages: 22 Posted: 01 May 2006
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 57 (697,684)

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Status Preference, Long-Run Growth, Persistent Unemployment.

28.

Fiscal Policy under Long-Run Stagnation: A New Interpretation of the Multiplier Effect

ISER Discussion Paper No. 937
Number of pages: 31 Posted: 25 May 2015
Ryu-ichiro Murota and Yoshiyasu Ono
Kindai University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 55 (709,158)

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Aggregate Demand, Consumption Function, Keynesian Cross, Multiplier Effect, Persistent Unemployment, Long-run Stagnation, Deflation

29.

The Welfare Effects of Attracting Foreign Direct Investment in the Presence of Unemployment

ISER Discussion Paper No. 959
Number of pages: 23 Posted: 03 Mar 2016
Yoshitomo Ogawa and Yoshiyasu Ono
Kinki University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 53 (720,843)

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Corporate Taxation, Production Subsidies, Unemployment, Oligopoly

30.

Financial Crisis and Slow Recovery with Bayesian Learning Agents

ISER DP No. 1085, 2020
Number of pages: 39 Posted: 02 May 2020
Ryo Horii and Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 49 (745,854)

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Bayesian Updating, Liquidity Preference, Markov Switching, Asymmetric Cycles, Persistence

31.

The Preference for Wealth and Inequality: Towards a Piketty Theory of Wealth Inequality

CESifo Working Paper No. 10824
Number of pages: 67 Posted: 15 Dec 2023
Jean‐Baptiste Michau, Yoshiyasu Ono and Matthias Schlegl
University of Paris-Saclay - Ecole Polytechnique, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 46 (765,465)

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capital accumulation, progressive wealth tax, wealth inequality, wealth preference

32.

Environmental Policies and Stagnation in a Two-Country Economy

Downloads 38 (823,131)

Environmental Policies and Stagnation in a Two-Country Economy

CESifo Working Paper No. 10825
Number of pages: 26 Posted: 15 Dec 2023
Masako Ikefuji and Yoshiyasu Ono
Osaka University - Osaka School of International Public Policy (OSIPP) and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 20 (1,019,099)

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persistent unemployment, wealth preferences, pollution, emission restriction, clean technology transfer

Environmental Policies and Stagnation in a Two-Country Economy

ISER DP No.1222
Number of pages: 25 Posted: 07 Dec 2023
Masako Ikefuji and Yoshiyasu Ono
Osaka University - Osaka School of International Public Policy (OSIPP) and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 18 (1,042,024)

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persistent unemployment, wealth preferences, pollution, emission restriction, clean technology transfer

33.

Regional Subsidies and Interregional Labor Movement

ISER DP No. 1041
Number of pages: 31 Posted: 20 Oct 2018
Daisuke Matsuzaki and Yoshiyasu Ono
Toyo University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 37 (830,871)

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Transfer, Subsidies, Unemployment, Wage Rigidity

34.

Economic Stimulus Effects of Product Innovation under Demand Stagnation

ISER DP No. 1204RR
Number of pages: 42 Posted: 28 Mar 2023 Last Revised: 03 Oct 2023
Daisuke Matsuzaki and Yoshiyasu Ono
Toyo University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 36 (838,852)

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demand stagnation, product innovation, consumer price index, economic stimulus

35.

Environmental Policies in a Stagnant Economy

ISER DP No. 1110
Number of pages: 27 Posted: 01 Feb 2021
Masako Ikefuji and Yoshiyasu Ono
Osaka University - Osaka School of International Public Policy (OSIPP) and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 28 (907,908)

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Secular stagnation, Unemployment, Public abatement, Environmental tax

36.

The Preference for Wealth and Inequality: Towards a Piketty Theory of Wealth Inequality

ISER DP No.1223
Number of pages: 66 Posted: 20 Dec 2023
Jean-Baptiste Michau, Yoshiyasu Ono and Matthias Schlegl
Ecole Polytechnique, Paris, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 27 (917,207)

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Capital accumulation, Progressive wealth tax, Wealth inequality, Wealth preference

37.

Insatiable Wealth Preference: Evidence from Japanese Household Survey

ISER DP No.1241R (2024)
Number of pages: 34 Posted: 19 Jun 2024
Mika Akesaka, Ryo Mikami and Yoshiyasu Ono
Kobe University, Shinshu University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 13 (1,063,401)

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wealth preference, survey data, secular stagnation, bubbles

38.

Was Keynes Right? A Reconsideration of the Effect of a Protective Tariff Under Stagnation

ISER DP No.1245 (2024)
Number of pages: 30 Posted: 26 Jul 2024
Ken-Ichi Hashimoto, Kaz Miyagiwa, Yoshiyasu Ono and Matthias Schlegl
Kobe University - Faculty of Economics, Emory University - Department of Economics, Osaka University - Institute of Social and Economic Research (ISER) and Sophia University - Faculty of Economics
Downloads 4 (1,161,930)

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unemployment, tariffs, demand shortage, secular stagnation