Have a personal or library account? Click to login
On the Debt to GDP Ratio in Monopolistic Competition Cover

On the Debt to GDP Ratio in Monopolistic Competition

By: Yasuhito TanakaORCID  
Open Access
|Jun 2025

References

  1. Blanchard, O. (2022). Deciding when debt becomes unsafe,International Monetary Fund. Retrieved from 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.
  2. Blanchard, O. (2023). Fiscal Policy under Low Interest Rates. The MIT Press.
  3. Domar, E.D. (1944). The burden of debt and the national income. American Economic Review, 34, 798–827.
  4. Kelton, S. (2020). The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy. Public Affairs.
  5. Lerner, A.P. (1943). Functional finance and the federal debt. Social Research, 10, 38–51.
  6. Lerner, A.P. (1944). The Economics of Control: Principles of Welfare Economics. Macmillan.
  7. Mitchell, W., Wray, L.R., Watts, M. (2019). Macroeconomics. Red Globe Press.
  8. Mochizuki, S. (2020). A book understanding MMT (in Japanese, MMT ga yokuwakaru hon). Shuwa System.
  9. Morinaga, K. (2020). MMT will save Japan (in Japanese, MMT ga nihon wo sukuu). Takaraji-masha.
  10. Otaki, M. (2007). The dynamically extended Keynesian cross and the welfare-improving fiscal policy. Economics Letters, 96, 23–29. DOI: 10.1016/j.econlet.2006.12.005.
  11. Otaki, M. (2009). A welfare economics foundation for the full-employment policy. Economics Letters, 102, 1–3. DOI: 10.1016/j.econlet.2008.08.003.
  12. Otaki, M. (2015). Keynesian Economics and Price Theory: Re-orientation of a Theory of Monetary Economy. Springer. DOI: 10.1007/978-4-431-55345-8.
  13. Park, S. (2020). The fallacy of fiscal collapse (in Japanese, Zaisei hatanron no ayamari). Seitosha.
  14. Wray, L.R. (2015). Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems (2nd ed.). Palgrave Macmillan.
  15. Yoshino, N., Miyamoto, H. (2020). Revisiting the public debt stability condition: rethinking the Domar condition. ADBI Working Paper Series, No. 141, Asian Development Bank Institute. Retrieved from https://www.adb.org/sites/default/files/publication/606556/adbi-wp1141.pdf.
DOI: https://doi.org/10.2478/foli-2025-0016 | Journal eISSN: 1898-0198 | Journal ISSN: 1730-4237
Language: English
Page range: 317 - 336
Submitted on: Feb 9, 2024
Accepted on: Mar 12, 2025
Published on: Jun 10, 2025
Published by: University of Szczecin
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2025 Yasuhito Tanaka, published by University of Szczecin
This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 License.