- 著者
- RAYMOND G. BATINA TOSHIHIRO IHORI
- 出版者
- JAPANESE ECONOMIC ASSOCIATION
- 雑誌
- The Economic Studies Quarterly (ISSN:0557109X)
- 巻号頁・発行日
- vol.44, no.2, pp.117-130, 1993-06-18 (Released:2007-10-19)
- 参考文献数
- 16
An increase in the foreign country's stock of debt will raise the world interest rate and may cause the world economy to begin following a divergent path which eventually leads to bankruptcy. A number of austerity measures are discussed, e.g., tax increases, public spending decreases, and institutional reforms. Each will have a different effect on the steady state equilibrium and the dynamic adjustment path of the economy and paradoxical results may occur depending on the response of capital accumulation.
- 著者
- TOSHIHIRO IHORI
- 出版者
- JAPANESE ECONOMIC ASSOCIATION
- 雑誌
- The Economic Studies Quarterly (ISSN:0557109X)
- 巻号頁・発行日
- vol.40, no.3, pp.251-263, 1989-09-20 (Released:2007-10-19)
- 参考文献数
- 16
- 著者
- TOSHIHIRO IHORI
- 出版者
- JAPANESE ECONOMIC ASSOCIATION
- 雑誌
- The Economic Studies Quarterly (ISSN:0557109X)
- 巻号頁・発行日
- vol.40, no.1, pp.66-74, 1989-03-20 (Released:2007-10-19)
- 参考文献数
- 16