Papers - YOSHINO, Naoyuki

Comment on ”Estimating Non-Keynesian Effects for Japan"

YOSHINO Naoyuki

Asian Economic policy Review 7 ( 2 ) 246-247 2012.12

Research paper (conference, symposium, etc.), Single Work

Changes in the Flow of Funds and the Fiscal Rules Needed for Fiscal Stabilization

YOSHINO Naoyuki and Tetsro Mizoguchi

Publie Policy Review, Ministry of Finance, Japan 8 ( 6 )  2012.12

Research paper (scientific journal), Joint Work

ユーロ危機と財政ルールの構築　－ギリシャと日本の比較

YOSHINO Naoyuki

世界経済　時報  ( 196 ) 1-32 2012.11

Research paper (scientific journal), Single Work

Comments

Naoyuki Yoshino

Asian Economic Papers 11   110 - 111 2012.10

Joint Work,  ISSN  1535-3516

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MACROECONOMIC VOLATILITY UNDER HIGH ACCUMULATION OF GOVERNMENT DEBT: LESSONS FROM JAPAN

Paul D. McNelis, Naoyuki Yoshino

ADVANCES IN COMPLEX SYSTEMS (WORLD SCIENTIFIC PUBL CO PTE LTD)  15 2012.09

Joint Work,  ISSN  0219-5259

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This paper applies Bayesian estimation to an open-economy Dynamic Stochastic General Equilibrium (DSGE) model of Japan, to assess the effects of expanding government debt on interest rates, real exchange rate dynamics, and real sector performance. We find that the emergence of even a small risk premium on government debt will trigger considerable instability in the real and nominal variables. We show that a switch to an exchange-rate rule for monetary policy would considerably moderate the instability induced by a rising risk premium.

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預金保険制度の今後の方向性を考える

YOSHINO Naoyuki

週刊金融財政事情 (金融財政事情研究会)  63 ( 20 ) 39-43 - 43 2012.05

Research paper (scientific journal), Joint Work,  ISSN  1345-3033

長期資金との提供と年金基金運用

YOSHINO Naoyuki

企業年金 (企業年金連合会)  31 ( 392 ) 22-25 - 25 2012.04

Research paper (scientific journal), Single Work,  ISSN  0286-6471

Macroeconomic for MBAｓ　and Masters of Finance

YOSHINO Naoyuki

フィナンシャル・プランニング研究  ( 11 ) 50-51 - 51 2012.03

Research paper (scientific journal), Single Work

The Role of Non-Banks and Remedies for Multi-Debt Problem

YOSHINO Naoyuki

生活協同組合研究 (生協総合研究所)   ( 434 ) 48-57 - 57 2012.03

Research paper (scientific journal), Joint Work,  ISSN  0911-1042

資金の流れの変化と財政安定化のための財政ルール

YOSHINO Naoyuki

フィナンシャル・レビュー (財務省財務総合政策研究所)  2012 ( 109 ) 3-15 - 15 2012.03

Research paper (scientific journal), Joint Work,  ISSN  0912-5892

日本経済の復興と信託の活用

YOSHINO Naoyuki

信託  ( 249 ) 93-108 - 108 2012.02

Research paper (scientific journal), Single Work

複数の経済前提をもとに年金財政の将来像を提示

YOSHINO Naoyuki

週刊社会保障 (法研)  66 ( 2663 ) 62-63 - 63 2012.01

Research paper (scientific journal), Single Work,  ISSN  1343-5736

Global imbalances and the deveropment of capital flows among Asian countries

YOSHINO Naoyuki

OECD Journal Financial Market Trends    81-112 - 112 2012.01

Research paper (conference, symposium, etc.), Single Work

貸金業を取り巻く環境変化と成長戦略の早急な実施

YOSHINO Naoyuki

クレジットエイジ (JCFA広報部 編)  33 ( 380 ) 10-15 - 15 2012.01

Research paper (scientific journal), Joint Work

New Basel Capital Requirement and SME Financing

YOSHINO Naoyuki

APEC,SME Crisis Management Center,SCMC,APEC,SME Economic Crisis Monitor  ( 18 ) 20-21 - 21 2012.01

Research paper (other academic), Single Work

政策金融の現在・過去・未来

YOSHINO Naoyuki

住宅金融 04 ( 24 ) 8-22 - 22 2012

Research paper (other academic), Joint Work

macroeconomic Volatility Under High Accumulation of Goverment Debt:lessons from Japan.

YOSHINO Naoyuki

Advances in Complex Systems  2012

Research paper (conference, symposium, etc.), Single Work

Choices of optimal monetary Policy Instruments Under the Floating and the Basket-Peg Regimes

YOSHINO Naoyuki

Singapore Economic Review (WORLD SCIENTIFIC PUBL CO PTE LTD)  57 ( 4 )  2012

Research paper (conference, symposium, etc.), Single Work,  ISSN  0217-5908

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This paper determines whether adopting the basket-peg rather than the floating regime is optimal for emerging market countries. Under the basket-peg regime, there is a trade-off between practical usefulness and welfare losses associated with capital movements across countries. We develop a dynamic stochastic general equilibrium model for small open economies to derive a simple basket weight rule. Although this is suboptimal, we find it practical and easy to implement. With calibration using Singaporean and Thai data for 1997Q3-2006Q2 and comparison among cumulative losses associated with the policy instrument rules, we show that a commitment to the basket weight rule is superior to other instrument rules under the floating regime for small, open emerging market countries like Singapore and Thailand.

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ユーロ危機と財政ルールの構築 －ギリシャと日本の比較

吉野 直行

世界経済 時報 (世界経済調査会)   ( 196 ) 1 - 32 2012

Joint Work

Recent Excessive Exchange Rate Appreciation of Japanese Yen

YOSHINO Naoyuki

APEC,SME Crisis Management Center,SCMC,APEC,SME Economic Crisis Monitor  ( 17 ) 5-6 - 6 2011.12

Research paper (scientific journal), Single Work