Kameda, Keigo; Nakata, Masao - In: Public Policy Review 1 (2005) 1, pp. 49-90
Recently, the outstanding debt of the Japanese government amounts to 695 trillion yen, which implies 139.5% of GDP. In this paper, we constructed three IS-LM type dynamic models and estimate the eigenvalues of their differential systems. Then we confirm whether or not the huge amount of public...
