Extended Ricardian Equivalence Theorem for Helicopter Money

This paper develops the Extended Ricardian Equivalence Theorem for helicopter money. It is shown that helicopter money, or money printing, to finance fiscal spending is inconsistent with existence of an equilibrium under ordinary assumptions used to derive the Ricardian Equivalence theorem. By relaxing some equality constraints into inequality constraints or by an open economy assumption, one may be able to save helicopter money from not being a part of an equilibrium

MoreLess

Year of publication:	2016
Authors:	Kim, Bryce
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Ricardianische Äquivalenz \| Ricardian equivalence

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (5 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 2, 2016 erstellt
Other identifiers:	10.2139/ssrn.2773595 [DOI]
Classification:	E13 - Neoclassical ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012993212