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On the Non-Divergence Condition of the Debt-GDP Ratio Considering Consumption from Assets and Impossibility of Fiscal Collapse with Arguments about Important Misconceptions in Macroeconomics

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  • Tanaka, Yasuhito

Abstract

This short note presents a non-divergence condition of the debt-GDP ratio considering consumption from assets, and shows that fiscal collapse is impossible. Also in the supplement (Appendix 3) I present arguments on important misconceptions in macroeconomics about relationship between investment and savings. I will show that investment entities and savings entities are identical and that investment and savings are the same acts.

Suggested Citation

  • Tanaka, Yasuhito, 2025. "On the Non-Divergence Condition of the Debt-GDP Ratio Considering Consumption from Assets and Impossibility of Fiscal Collapse with Arguments about Important Misconceptions in Macroeconomics," MPRA Paper 126970, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:126970
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    File URL: https://mpra.ub.uni-muenchen.de/126970/1/MPRA_paper_126970.pdf
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    References listed on IDEAS

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    1. Naoyuki Yoshino & Hiroaki Miyamoto, 2021. "Reconsideration of the “Domar condition” to check sustainability of budget deficit," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 17(3), pages 1-12, November.
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      JEL classification:

      • E00 - Macroeconomics and Monetary Economics - - General - - - General

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