Giuliano Toshiro Yajima
Biographic Data
| ID | 6536095 |
|---|---|
| NAME | Giuliano Toshiro Yajima |
| GIVEN NAMES | Giuliano Toshiro |
| FAMILY NAME | Yajima |
| SIGNATURE | YAJIMA G T |
| AFFILIATIONS | Sapienza University of Rome |
| ORCID | 0000-0002-7529-060X |
| VERIFIED | Yes |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 6 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2021 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 0 |
Household Debt and Aggregate Demand in a Stock-Flow Consistent Model
This paper develops a Stock-Flow Consistent (SFC) model to analyse the macroeconomic implications of rising household debt in Anglo-Saxon economies before the Global Financial Crisis. The model includes households, firms, and banks, and distinguishes between workers and rentiers with different income sources, balance-sheet positions, and propensities to consume. Household consumption depends on income, wealth, and consumption emulation, while cre…
Monetary Policy and the Pasinetti Index
The Economic and Environmental Effects of a Green Employer of Last Resort
We assess the sectoral impact of the implementation of a "green" employer of last resort (ELR) program in the US, based on an environmental modification of an extended Kurz's (1985) multiplier framework and data from OECD Input-Output tables. We use these multipliers to estimate the impact of an "optimal" ELR, designed to maximize the impact on both output and employment while minimizing both imports and carbon emissions. We then test several alt…
Beyond Job Guarantee
We argue that a careful design of a program of direct employment and public provision by the state can have permanent effects and promote the structural and environmental transformation of the economy. Starting from this point, we develop a multisectoral stock-flow consistent model to study the long-run effects of the implementation of a job guarantee program, both in the original formulation of Minsky and in its recent version put forward as par…
Balance Sheet Effects in a Financialized Environment
Exchange rate volatility, growing foreign corporate debt, and decreasing private investment ratio are among the consequences of financialization experienced by developing countries such as Mexico. The present work analyses the combined effect of these three factors using a Stock Flow Consistent (SFC) model. It analytically explores the balance sheet effect in the non-financial corporate sector; higher foreign debt would affect private investment …
Evaluando el rol financiero del tipo de cambio
Nuestro aporte apunta a repensar el papel del tipo de cambio como herramienta para impulsar la inversión y el cambio estructural, mediante la construcción de un modelo macro analítico basado en Frenkel y Ros (2006), Ros (2015), Dvoskin y Feldman (2018). Consideramos, en particular, el costo financiero de la depreciación, que se genera por los desequilibrios en la posición del tipo de cambio en el balance de las empresas. El desequilibrio, como mu…
No prominent works on this page.
Evaluando el rol financiero del tipo de cambio
Nuestro aporte apunta a repensar el papel del tipo de cambio como herramienta para impulsar la inversión y el cambio estructural, mediante la construcción de un modelo macro analítico basado en Frenkel y Ros (2006), Ros (2015), Dvoskin y Feldman (2018). Consideramos, en particular, el costo financiero de la depreciación, que se genera por los desequilibrios en la posición del tipo de cambio en el balance de las empresas. El desequilibrio, como mu…
Balance Sheet Effects in a Financialized Environment
Exchange rate volatility, growing foreign corporate debt, and decreasing private investment ratio are among the consequences of financialization experienced by developing countries such as Mexico. The present work analyses the combined effect of these three factors using a Stock Flow Consistent (SFC) model. It analytically explores the balance sheet effect in the non-financial corporate sector; higher foreign debt would affect private investment …
Beyond Job Guarantee
We argue that a careful design of a program of direct employment and public provision by the state can have permanent effects and promote the structural and environmental transformation of the economy. Starting from this point, we develop a multisectoral stock-flow consistent model to study the long-run effects of the implementation of a job guarantee program, both in the original formulation of Minsky and in its recent version put forward as par…
The Economic and Environmental Effects of a Green Employer of Last Resort
We assess the sectoral impact of the implementation of a "green" employer of last resort (ELR) program in the US, based on an environmental modification of an extended Kurz's (1985) multiplier framework and data from OECD Input-Output tables. We use these multipliers to estimate the impact of an "optimal" ELR, designed to maximize the impact on both output and employment while minimizing both imports and carbon emissions. We then test several alt…
Monetary Policy and the Pasinetti Index
Household Debt and Aggregate Demand in a Stock-Flow Consistent Model
This paper develops a Stock-Flow Consistent (SFC) model to analyse the macroeconomic implications of rising household debt in Anglo-Saxon economies before the Global Financial Crisis. The model includes households, firms, and banks, and distinguishes between workers and rentiers with different income sources, balance-sheet positions, and propensities to consume. Household consumption depends on income, wealth, and consumption emulation, while cre…
Economic Theory and Policy (4 works) · Economics (4 works) · Macroeconomics (3 works) · Stock (firearms (3 works) · Climate Change Policy and Economics (2 works) · Debt (2 works) · Economic theories and models (2 works) · Finance (2 works) · Monetary economics (2 works) · Monetary Policy and Economic Impact (2 works)