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

42

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Scholarly Papers (42)

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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 196 (169,404)
Citation 2

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

2.

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

Downloads 155 (207,966)
Citation 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 153 (210,537)

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

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

Metroeconomica, Vol. 63, Issue 2, pp. 335-357, 2012
Number of pages: 23 Posted: 03 Apr 2012
Ryu‐ichiro Murota and Yoshiyasu Ono
affiliation not provided to SSRN and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 2 (728,961)
Citation 1
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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 151 (212,521)

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FDI, Oligopoly, Heckscher-Ohlin model

4.

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 143 (222,103)

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Commodity Tax, Production Subsidy, Tariff, Industry Protection

5.

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 129 (240,880)

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multiplier effect, consumption function, national income account

6.

Credit Booms, Debt Overhang and Secular Stagnation

Downloads 102 (285,289)
Citation 9

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 57 (403,985)
Citation 7

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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 45 (449,617)
Citation 1

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

7.

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 91 (307,120)

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

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 90 (309,233)
Citation 1

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

9.

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 74 (347,728)
Citation 1

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

10.

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 64 (375,887)

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

11.

Wealth Preference and Rational Bubbles

Downloads 53 (411,750)

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 28 (533,658)

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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 25 (552,649)

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Ponzi scheme, rational bubble, wealth preference

12.

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 47 (433,606)

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

13.

Growth, Stagnation and Status Preference

Downloads 46 (437,403)
Citation 6

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 44 (453,799)

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Status Preference, Persistent Unemployment, Long-Run Growth

Growth, Stagnation and Status Preference

Metroeconomica, Vol. 62, Issue 1, pp. 122-149, 2011
Number of pages: 28 Posted: 12 Jan 2011
Ryu-ichiro Murota and Yoshiyasu Ono
affiliation not provided to SSRN and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 2 (728,961)
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14.

The Byrd Amendment as Facilitating a Tacit International Business Collusion

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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 42 (462,498)

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

The Byrd Amendment as Facilitating a Tacit International Business Collusion

Review of International Economics, Vol. 19, Issue 5, pp. 877-893, 2011
Number of pages: 17 Posted: 18 Oct 2011
Yoshitomo Ogawa and Yoshiyasu Ono
Kinki University and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 1 (743,163)
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15.

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 41 (457,506)

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Phillips curve, indeterminacy, non-existence, Taylor rule

16.

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 affiliation not provided to SSRN
Downloads 40 (461,844)
Citation 3

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

17.

Macroeconomic Interdependence Between a Stagnant and a Fully Employed Country

Downloads 39 (466,064)

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 20 (586,782)

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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 19 (594,000)

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

18.

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 39 (466,064)

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Status Preference, Long-Run Growth, Persistent Unemployment.

19.

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 37 (474,862)
Citation 7

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status, stagnation, unemployment

20.

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 35 (483,913)

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persistent unemployment, exchange rate, current account

21.

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 34 (488,604)

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

22.

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 32 (498,323)

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

23.

Export-Oriented Foreign Direct Investment and Local Content Requirement

Number of pages: 14 Posted: 15 Aug 2003
Sajal Lahiri and Yoshiyasu Ono
Southern Illinois University Carbondale - Department of Economics and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 30 (508,508)
Citation 1
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24.

The Liquidity Trap and Persistent Unemployment with Dynamic Optimizing Agents: Empirical Evidence

Number of pages: 14 Posted: 09 Dec 2004
Yoshiyasu Ono, Kazuo Ogawa and Atsushi Yoshida
Osaka University - Institute of Social and Economic Research (ISER), Osaka University - Institute of Social and Economic Research (ISER) and University of Tsukuba - Institute of Policy and Planning Sciences
Downloads 29 (513,751)
Citation 1
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25.

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 28 (519,213)

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

26.

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 24 (542,543)

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Corporate Taxation, Production Subsidies, Unemployment, Oligopoly

27.

Structural Unemployment, Underemployment, and Secular Stagnation

Downloads 20 (567,585)

Structural Unemployment, Underemployment, and Secular Stagnation

CESifo Working Paper No. 8318
Number of pages: 51 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 12 (645,599)

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demand shortage, unemployment, underemployment, labor market frictions, secular stagnation

Structural Unemployment, Underemployment, and Secular Stagnation

ISER DP No. 1088
Number of pages: 50 Posted: 10 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 Osaka University
Downloads 8 (676,316)

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demand shortage, unemployment, underemployment, labor market frictions, secular stagnation

28.

Country Size, Specialization Patterns and Secular Demand Stagnation

Downloads 20 (567,585)

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 15 (622,804)

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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 5 (699,990)

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

29.

International Asymmetry in Business Activity and Appreciation of a Stagnant Country's Currency

Japanese Economic Review, Vol. 57, No. 1, pp. 101-120, March 2006
Number of pages: 20 Posted: 08 May 2006
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 20 (567,585)
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30.

Fiscal Spending, Relative-Price Dynamics, and Welfare in a World Economy

Number of pages: 21 Posted: 29 Apr 2005
Yoshiyasu Ono and Akihisa Shibata
Osaka University - Institute of Social and Economic Research (ISER) and Kyoto University
Downloads 18 (580,605)
Citation 1
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31.

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 17 (587,028)
Citation 1

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

32.

Long-Run Specialization

Review of International Economics, Vol. 14, No. 1, pp. 1-15, February 2006
Number of pages: 15 Posted: 08 May 2006
Yoshiyasu Ono and Akihisa Shibata
Osaka University - Institute of Social and Economic Research (ISER) and Kyoto University
Downloads 15 (600,131)
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33.

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 12 (620,827)

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aggregate demand shortage, unemployment, small open economy

34.

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 10 (634,642)

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Transfer, Subsidies, Unemployment, Wage Rigidity

35.

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 8 (648,974)

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

36.

Does Pro‐Population Policy Raise Per Capita Consumption?

Japanese Economic Review, Vol. 62, Issue 2, pp. 151-169, 2011
Number of pages: 19 Posted: 26 May 2011
Yoshiyasu Ono and Ken-Ichi Hashimoto
Osaka University - Institute of Social and Economic Research (ISER) and Kobe University - Faculty of Economics
Downloads 3 (686,484)
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E24, J13

37.

An Oligopolistic Heckscher–Ohlin Model of Foreign Direct Investment

Japanese Economic Review, Vol. 62, Issue 3, pp. 331-347, 2011
Number of pages: 17 Posted: 25 Aug 2011
Sajal Lahiri and Yoshiyasu Ono
Southern Illinois University Carbondale - Department of Economics and Osaka University - Institute of Social and Economic Research (ISER)
Downloads 1 (708,849)
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38.

Macroeconomic Interdependence between a Stagnant and a Fully Employed Country

The Japanese Economic Review, Vol. 69, Issue 4, pp. 450-477, 2018
Number of pages: 28 Posted: 05 Nov 2018
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
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Citation 2
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39.

Partial Replacement of Protective Tariffs by Production Subsidies and Welfare

Economic Record, Vol. 91, Issue 294, pp. 300-308, 2015
Number of pages: 9 Posted: 09 Sep 2015
Yoshitomo Ogawa and Yoshiyasu Ono
Kinki University and Osaka University - Institute of Social and Economic Research (ISER)
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40.

International Economic Interdependence and Exchange‐Rate Adjustment Under Persistent Stagnation

Japanese Economic Review, Vol. 65, Issue 1, pp. 70-92, 2014
Number of pages: 23 Posted: 21 Feb 2014
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
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Citation 1
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41.

On Persistent Demand Shortages: A Behavioural Approach

Japanese Economic Review, Vol. 65, Issue 1, pp. 42-69, 2014
Number of pages: 28 Posted: 21 Feb 2014
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)
Downloads 0 (726,980)
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42.

A Reinterpretation of Chapter 17 of Keynes's General Theory: Effective Demand Shortage Under Dynamic Optimization

International Economic Review, Vol. 42, No. 1, February 2001
Posted: 01 May 2006
Yoshiyasu Ono
Osaka University - Institute of Social and Economic Research (ISER)

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interest rates, dynamic optimization, liquidity preference, time preference, persistent stagnation