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Different from Mankiw (1988), expansionary fiscal policy underemployment equilibrium improves economic welfare even if it is wasteful. We use a two period overlapping-generations model (OG model) in production economy. The crucial mechanisms are as follow: The first device is the assumption that the government expenditure is financed by the seigniorage. By this assumption, it needs no tax burden for financing the expenditure. The second one is the non-neutral of money. Inflation rate is determined independent of nominal money supply by rational dynamic economic behavior. Nevertheless the current equilibrium price level can be arbitrarily fixed because there is no relevant end-point condition in infinite horizon OG model. Hence when nominal money supply increases through the government expenditure, production and Income levels are heightened. Since it also increases consumption, multiplier process starts.", "subitem_description_type": "Abstract"}]}, "item_4_full_name_3": {"attribute_name": "\u8457\u8005\u5225\u540d", "attribute_value_mlt": [{"nameIdentifiers": [{"nameIdentifier": "107714", "nameIdentifierScheme": "WEKO"}], "names": [{"name": "Otaki, Masayuki"}]}]}, "item_4_publisher_20": {"attribute_name": "\u51fa\u7248\u8005", "attribute_value_mlt": [{"subitem_publisher": "\u6771\u4eac\u5927\u5b66\u793e\u4f1a\u79d1\u5b66\u7814\u7a76\u6240"}]}, "item_4_source_id_10": {"attribute_name": "\u66f8\u8a8c\u30ec\u30b3\u30fc\u30c9ID", "attribute_value_mlt": [{"subitem_source_identifier": "AN00108966", "subitem_source_identifier_type": "NCID"}]}, "item_4_source_id_8": {"attribute_name": "ISSN", "attribute_value_mlt": [{"subitem_source_identifier": "03873307", "subitem_source_identifier_type": "ISSN"}]}, "item_4_subject_15": {"attribute_name": "\u65e5\u672c\u5341\u9032\u5206\u985e\u6cd5", "attribute_value_mlt": [{"subitem_subject": "300", "subitem_subject_scheme": "NDC"}]}, "item_4_text_21": {"attribute_name": "\u51fa\u7248\u8005\u5225\u540d", "attribute_value_mlt": [{"subitem_text_value": "Institute of Social Science, The University of Tokyo"}]}, "item_4_text_34": {"attribute_name": "\u8cc7\u6e90\u30bf\u30a4\u30d7", "attribute_value_mlt": [{"subitem_text_value": "Departmental Bulletin Paper"}]}, "item_4_text_4": {"attribute_name": "\u8457\u8005\u6240\u5c5e", "attribute_value_mlt": [{"subitem_text_value": "\u6771\u4eac\u5927\u5b66\u793e\u4f1a\u79d1\u5b66\u7814\u7a76\u6240"}]}, "item_creator": {"attribute_name": "\u8457\u8005", "attribute_type": "creator", "attribute_value_mlt": [{"creatorNames": [{"creatorName": "\u5927\u7027, \u96c5\u4e4b"}], "nameIdentifiers": [{"nameIdentifier": "107713", "nameIdentifierScheme": "WEKO"}]}]}, "item_files": {"attribute_name": "\u30d5\u30a1\u30a4\u30eb\u60c5\u5831", "attribute_type": "file", "attribute_value_mlt": [{"accessrole": "open_date", "date": [{"dateType": "Available", "dateValue": "2017-06-26"}], "displaytype": "detail", "download_preview_message": "", "file_order": 0, "filename": "KJ00004434908.pdf", "filesize": [{"value": "677.0 kB"}], "format": "application/pdf", "future_date_message": "", "is_thumbnail": false, "licensetype": "license_free", "mimetype": "application/pdf", "size": 677000.0, "url": {"label": "KJ00004434908.pdf", "url": "https://repository.dl.itc.u-tokyo.ac.jp/record/17183/files/KJ00004434908.pdf"}, "version_id": "e0dd9b43-e136-453b-b40d-75bef8fefd15"}]}, "item_keyword": {"attribute_name": "\u30ad\u30fc\u30ef\u30fc\u30c9", "attribute_value_mlt": [{"subitem_subject": "\u8ca1\u653f\u4e57\u6570", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u8ca8\u5e63\u306e\u975e\u4e2d\u7acb\u6027", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u4e16\u4ee3\u91cd\u8907\u30e2\u30c7\u30eb", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u72ec\u5360\u7684\u7af6\u4e89", "subitem_subject_scheme": "Other"}, {"subitem_subject": "\u8ca8\u5e63\u767a\u884c\u76ca", "subitem_subject_scheme": "Other"}]}, "item_language": {"attribute_name": "\u8a00\u8a9e", "attribute_value_mlt": [{"subitem_language": "jpn"}]}, "item_resource_type": {"attribute_name": "\u8cc7\u6e90\u30bf\u30a4\u30d7", "attribute_value_mlt": [{"resourcetype": "departmental bulletin paper", "resourceuri": "http://purl.org/coar/resource_type/c_6501"}]}, "item_title": "\u4e57\u6570\u7406\u8ad6\u306e\u30df\u30af\u30ed\u7684\u57fa\u790e\u306b\u3064\u3044\u3066", "item_titles": {"attribute_name": "\u30bf\u30a4\u30c8\u30eb", "attribute_value_mlt": [{"subitem_title": "\u4e57\u6570\u7406\u8ad6\u306e\u30df\u30af\u30ed\u7684\u57fa\u790e\u306b\u3064\u3044\u3066"}]}, "item_type_id": "4", "owner": "1", "path": ["55/864/952/953", "9/504/867/954/955"], "permalink_uri": "http://hdl.handle.net/2261/15483", "pubdate": {"attribute_name": "\u516c\u958b\u65e5", "attribute_value": "2008-09-19"}, "publish_date": "2008-09-19", "publish_status": "0", "recid": "17183", "relation": {}, "relation_version_is_last": true, "title": ["\u4e57\u6570\u7406\u8ad6\u306e\u30df\u30af\u30ed\u7684\u57fa\u790e\u306b\u3064\u3044\u3066"], "weko_shared_id": null}