
We give a simple proof of the Domar condition for the debt-GDP ratio not to diverge, and present conditions for the debt-GDP ratio not to diverge when full employment and consumption from assets are considered. It is a weaker condition than the Domar condition based on a simple comparison of government bond interest rates and growth rates. This condition is probably true in many cases. Also we show that fiscal collapse is impossible when there exists consumption from assets.
| selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | 0 | |
| popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network. | Average | |
| influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically). | Average | |
| impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network. | Average |
