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 2010/11/19
発表テーマ Public Debt Places No Burden on Future Generations under Demand Shortage
会議名 The 7th Joint Symposium between Institute of Small Business Research and Business Administration (ISBR), Osaka University of Economics and Hanyang Economic Research Institute (HERi)/College of Economics and Finance, Hanyang University on “Economics of the Public Sector and Finance”
学会区分 研究会・シンポジウム等
発表形式 口頭（一般）
単独共同区分 共同
国・地域 大韓民国
開催地名 Hanyang University
開催期間 2010/11/19～2010/11/19
発表者・共同発表者 Takayuki Ogawa（発表者） and Yoshiyasu Ono
概要 In a Diamond-type overlapping-generations setting public debt issuance places no burden on future generations including those who repay the debt if prices and wages are fixed and unemployment occurs in the periods in which public bonds are issued and repaid. Whether the collected fund is spent on government purchases or transfers to the present generation, public bond issuance stimulates aggregate demand and creates additional employment of future generations, which yields additional income that is large enough to cover their tax burden. This property is true whether the debt is repaid by children or grandchildren.