Timbeau, Xavier - In: Revue de l'OFCE n° 116 (2011) 1, pp. 191-212
Fund expenditure by debt or by taxes is it equivalent? Ricardo, formalized and extended by Barro, says that debt is a future tax and agents, conscious of the future, should not consider the use of debt as different of a deferred payment. But the framework of Barro is so special that the result...