Blanchard, O. (2019), "Public Debt and Low Interest Rates", American Economic Review 109(4), 1197-1229.
上記の議論を日本に当てはめた論文としては以下を参照：
Blanchard, O. and T. Tashiro (2019), "Fiscal Policy Options for Japan", Peterson Institute for International Economics Policy Brief
Reinhart, C. and M. Sbrancia (2011), "The Liquidation of Government Debt", NBER Working Paper Series 16893.
上記のnon-technical summaryについては以下を参照：
Reinhart, C., J. Kirkegaad and M. Sbrancia (2011), "Financial Repression Redux", Finance and Development, 22-26, June 2011.