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This paper examines dynamic stability and demand creation patterns of an economy in the context of the augmentation of household debt. First, we investigate the dynamic characteristics specific to an economy with household borrowing. Second, we reveal how demand creation and economic growth...
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This paper investigates the dynamic relationships among income distribution, debt ratio, and capital accumulation in the Japanese economy post 1990s. The paper identifies the contemporaneous linkages and investigates the dynamic relationships among the three variables in the vector...
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