オガワ　タカユキ   OGAWA Takayuki
  小川　貴之
   所属   大阪経済大学  経済学部 経済学科
   職種   教授
発表年月日 2004/06/13
発表テーマ Welfare Analysis of Debt Policy during Recessions
会議名 日本経済学会 2004年度春季大会
学会区分 全国学会
発表形式 口頭（一般）
単独共同区分 単独
開催地名 明治学院大学
開催期間 2004/06/12～2004/06/13
発表者・共同発表者 Takayuki Ogawa（発表者）
概要 This paper develops an overlapping-generations model with nominal wage rigidities and examines the welfare effects of debt policy during recessions. A further issue of public debt stimulates aggregate consumption demand and creates employment. In so doing, future generations face both the beneficial effect of increased wage incomes and the harmful effect of higher taxes. If the amount of outstanding bonds is already large, debt policy deteriorates the welfare of future generations by levying heavy taxes. By contrast, if the outstanding bond issue is relatively small, debt policy can be Pareto improving by creating more employment. Therefore, the welfare implications of debt policy during recessions can be discriminated from those during booms.
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researchmap用URL2 https://www.jeameetings.org/75/jea_data_open.html