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Public investment criterion with distorted capital markets in an overlapping generations economy

Yakita, Akira - In: Journal of macroeconomics 16 (1994) 4, pp. 715-728

Persistent link: https://www.econbiz.de/10001168633

Involuntary unemployment and sustainability of bond-financed fiscal deficit

Yakita, Akira - In: Journal of macroeconomics 41 (2014), pp. 79-93

Persistent link: https://www.econbiz.de/10010514767

Sustainability of public debt, public capital formation, and endogenous growth in an overlapping generations setting

Yakita, Akira - In: Journal of public economics 92 (2008) 3/4, pp. 897-914

Persistent link: https://www.econbiz.de/10003717151

Involuntary unemployment and sustainability of bond-financed fiscal deficit

Yakita, Akira - In: Journal of Macroeconomics 41 (2014) C, pp. 79-93

We analyze the link between the sustainability of bond-financed deficit policy and involuntary unemployment in an overlapping generations model incorporating the fair wage hypothesis. If the fiscal deficit policy is sustainable, reductions in bond-financed deficit increase per worker capital...

Persistent link: https://www.econbiz.de/10010907064