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Umada Tetsuji

Affiliate Master Yamaguchi University

Toward the economics of balance sheet

山口経済学雑誌 Volume 52 Issue 3 Page 497-512
published_at 2004-03-31
C050052000312.pdf
[fulltext] 510 KB
Title
バランスシートの経済学
Toward the economics of balance sheet
Creators Umada Tetsuji
Source Identifiers
The purpose of this paper is to show you a simple macroeconomic model considering balance sheets. Most economic model deals with the flow aspects of economy. But stock aspects should be considered. The conclusions of this paper are as follows. In some cases there is no effect of multiplier. Reducing income tax doesn't increase GDP. When the central bank buys bonds, the level of GDP doesn't increase.
Languages jpn
Resource Type departmental bulletin paper
Publishers 山口大學經濟學會
Date Issued 2004-03-31
File Version Version of Record
Access Rights open access
Relations
[ISSN]0513-1758
[NCID]AN00243258
Schools 経済学部