References
- Blanchard, O. (2022). Deciding When Debt Becomes Unsafe. International Monetary Fund.
https://www.imf.org/en/Publications/fandd/issues/2022/03/Deciding-when-debt-becomes-unsafe-Blanchard#:~:text=When%20does%20the%20level%20of,to%20default%20at%20some%20point . - Blanchard, O. (2023). Fiscal Policy under Low Interest Rates. The MIT Press, Cambridge, Massachusetts, United States.
- Diamond, P. (1965). National Debt in a Neoclassical Growth Model. American Economic Review. 55, 1126–1150.
- Forstater, M. (1999). Functional Finance and Full Employment: Lessons from Lerner for Today? Working Paper No. 272. Levy Economics Institute, Bard College, Annandale-on-Hudson, New York, United States.
- Grossman, G., & Yanagawa, N. (1993). Asset Bubbles And Endogenous Growth. Journal of Monetary Economics. 31, 3–19.
https://doi.org/10.1016/0304-3932(93)90014-7 - Halton, C. (2023). K-Percent Rule: What It is, How It Works.
https://www.investopedia.com/terms/k/k-percent-rule.asp#:~:text=The%20K-Percent%20Rule%20was%20a%20proposal%20by%20economist,growth%20of%20gross%20domestic%20product%20%28GDP%29%20each%20year . - Kalecki, M. (1944). The White Paper on Employment Policy. Bulletin of the Oxford University Institute of Statistics. 6, 137–144.
- Kelton, S. (2020). The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy. Public Affairs, New York, United States.
- Keynes, J. M. (1936). The General Theory of Employment, Interest and Money. Macmillan, London, U.K.
- Kregel, J. (1998). Price Stability & Full Employment as Complements in a New Europe. Paper presented at the Post Keynesian Workshop. University of Tennessee, Knoxville.
- Lerner, A. P. (1944). The Economics of Control: Principles of Welfare Economics. Macmillan, London, U.K.
- Lopez-Gallardo, J. (2000). Budget Deficit and Full Employment. Journal of Post Keynesian Economics. 22, 549–563.
https://doi.org/10.1080/01603477.2000.11490258 . - Maebayashi, N., & Tanaka, J. (2021). Limited Asset Market Participation and Fiscal Sustainability. The Society for Economic Studies The University of Kitakyushu Working Paper Series No. 2020-4.
https://www.kitakyu-u.ac.jp/economy/uploads/2020_4.pdf - Mitchell, W., Wray, L. R., & Watts, M. (2019). Macroeconomics. Red Globe Press, London, U.K.
- Minsky, H. (1986). Stabilizing an Unstable Economy. New Haven: Yale University Press.
- Mosler, W. (1997–1998), Full Employment and Price Stability. Journal of Post Keynesian Economics. 20, 167–182.
https://doi.org/10.1080/01603477.1997.11490146 . - Oguri, S. (2011). On the Nature of Government Bank Notes (in Japanese). Hikone Ronso. 2011 Winter, 118–133.
- Otaki, M. (2007). The Dynamically Extended Keynesian Cross and the Welfare-Improving Fiscal Policy. Economics Letters. 96, 23–29.
https://doi.org/10.1016/j.econlet.2006.12.005 . - Otaki, M. (2009). A Welfare Economics Foundation for the Full-Employment Policy. Economics Letters. 102, 1–3.
https://doi.org/10.1016/j.econlet.2008.08.003 . - Otaki, M. (2015). Keynesian Economics and Price Theory: Re-orientation of a Theory of Monetary Economy. Springer Japan, Tokyo, Japan.
- Sawyer, M. (2020). Kalecki on Budget Deficits and the Possibilities for Full Employment. Review of Political Economy. 32, 548–562.
https://doi.org/10.1080/09538259.2020.1831203 . - Tachibana, T. (2006). Maximum Principle (in Japanese), mimeo.
https://www.le.chiba-u.jp/~ttachi/doc/Derive_Hamiltonian_110625.pdf . - Tanaka, J. (2010). Keynes keizaigaku no kiso (in Japanese). Kyushu Daigaku Shuppankai, Kitakyushu, Japan.
- Tanaka, J. (2011a). Macroeconomic Theory Based on “Non-Walrasian Approach” Chapter 2 IS-LM Model and Its Application (in Japanese). The Society for Economic Studies The University of Kitakyushu Working Paper Series No. 2011-2.
https://www.kitakyu-u.ac.jp/economy/uploads/2011_01.pdf . - Tanaka, J. (2011b). Macroeconomic Theory Based on ”Non-Walrasian Approach” Chapter 3 AD-AS Model and Its Application (in Japanese). The Society for Economic Studies The University of Kitakyushu Working Paper Series No. 2011-4.
https://www.kitakyu-u.ac.jp/economy/uploads/2011_03.pdf . - Tanaka, J. (2013). Welfare Analysis of Fiscal Policies in a Fixed Price Overlapping Generations Model. The Society for Economic Studies The University of Kitakyushu Working Paper Series No. 2012-11.
https://www.kitakyu-u.ac.jp/economy/uploads/2012_11.pdf . - Weil, P. (1987). Permanent Budget Deficits and Inflation. Journal of Monetary Economics. 20, 393–410.
https://doi.org/10.1016/0304-3932(87)90022-5 . - Weil, P. (1989). Overlapping Families of Infinitely-Lived Agents. Journal of Public Economics. 38, 183–198.
https://doi.org/10.1016/0047-2727(89)90024-8 . - Wray, L. R. (1998). Zero Unemployment and Stable Prices. Journal of Economic Issues. 32, 539–545.
https://doi.org/10.1080/00213624.1998.11506062 . - Wray, L. R. (2015). Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems (2nd ed.). Palgrave Macmillan, New York, United States.
