Similar Search Results

Liquidity Preference and Persistent Unemployment with Dynamic Optimizing Agents

Ono, Y.; Ogawa, K.; Yoshida, A. - Institute of Social and Economic Research (ISER), Osaka … - 1998

optimization framework. …

Persistent link: https://www.econbiz.de/10008602905

Does the selfish life-cycle model apply in the case of Japan?

Horioka, Charles - 2020

In this paper, we first provide a brief exposition of the simplest version of the selfish life cycle model or hypothesis, which is undoubtedly the most widely used theoretical model of household behavior in economics, and then survey the literature on household saving behavior in Japan (with...

Persistent link: https://www.econbiz.de/10012430036

Is the selfish life-cycle model more applicable in Japan and, if so, why? A literature survey

Horioka, Charles - 2020

The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used theoretical model of household behavior in economics, but does this model apply in the case of a country like Japan, which is said to have closer family ties than other countries? In...

Persistent link: https://www.econbiz.de/10012543994

Habits, Costly Investment, and Current Account Dynamics

Ikeda, S.; Gombi, I. - Institute of Social and Economic Research (ISER), Osaka … - 1995

Using a small country model with habit-forming consumers and costly investment, we analyze equilibrium dynamics of the economy and derive empirical and welfare implications. The model can mimic some stylized facts: (i) a temporary increase in fiscal spending always deteriorates the current...

Persistent link: https://www.econbiz.de/10008602944

A reinterpretation of the Keynesian consumption function and multiplier effect

Murota, Ryu-ichiro; Ono, Yoshiyasu - 2010

We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic … optimization model that explains a shortage of aggregate demand and unemployment. We show that government purchases boost aggregate … disposable income but moderation of deflation, which makes money holding costly and stimulates consumption. …

Persistent link: https://www.econbiz.de/10010332220

Capital inflow into developing economies: A macroeconomic study

Sikdar, Soumyen - 2008

External capital inflow on a massive scale into the emerging market economies is a very significant phenomenon of recent years. Making distinctions between direct investment, real and financial, and portfolio investment and incorporating crowding in or crowding out effects we derive some results...

Persistent link: https://www.econbiz.de/10010332304

Difference or ratio: Implication of status preference on stagnation

Ono, Yoshiyasu; Yamada, Katsunori - 2012

We consider a dynamic macroeconomic model with households that regard relative affluence as social status. The measure of relative affluence can be the ratio to, or the difference from, the social average. The two specifications lead to quite different results: with the ratio specification full...

Persistent link: https://www.econbiz.de/10010332371

Welfare analysis of debt policy during recessions

Ogawa, Takayuki - 2005

debt policy when unemployment exists. Issues of public debt stimulate aggregate consumption demand and create employment …

Persistent link: https://www.econbiz.de/10010332398

Growth, stagnation and status preference

Murota, Ryu-ichiro; Ono, Yoshiyasu - 2008

We consider three objects of people's status preference, consumption, physical capital holding and money holding, and … of status preference is consumption, a steady state with full employment is reached. If it is physical capital (viz. a …

Persistent link: https://www.econbiz.de/10010332415

The Keynesian multiplier effect reconsidered

Ono, Yoshiyasu - 2009

' aggregate demand and that public works spending may completely crowd out private consumption. Useless public works are found to …

Persistent link: https://www.econbiz.de/10010332427