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The liquidity trap and persistent unemployment with dynamic optimizing agents : empirical evidence

Ono, Yoshiyasu; Ogawa, Kazuo; Yoshida, Atsushi - In: The Japanese economic review : the journal of the … 55 (2004) 4, pp. 355-371

Persistent link: https://www.econbiz.de/10002521870

Government spending, interest rates, and capital accumulation in a two-sector model

Ono, Yoshiyasu; Shibata, Akihisa - In: The Canadian journal of economics 34 (2001) 4, pp. 903-920

Persistent link: https://www.econbiz.de/10001646138

Trade and industrial policy under international oligopoly

Lahiri, Sajal; Ono, Yoshiyasu - 2004 - 1. publ.

Persistent link: https://www.econbiz.de/10001790493

Learning, liquidity preference, and business cycle

Horii, Ryo (contributor); Ono, Yoshiyasu (contributor) - 2004 - [Elektronische Ressource]

This paper examines a mechanism of liquidity-preference fluctuations caused by changes in people’s belief about a random liquidity shock. When observing the shock, they rationally update their belief so that the shock probability is higher; consequently they raise liquidity preference and...