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Volume 37 (2025)
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Yasuhito Tanaka2025 Volume 37 Issue 1 Pages 1-10
Published: 2025
Released on J-STAGE: April 30, 2025
JOURNAL FREE ACCESSThis short note presents a proof of the non-divergence condition of the debt-GDP ratio considering consumption from assets, and shows that fiscal collapse is impossible. It also present arguments about important misconceptions in macroeconomics.
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