Showing 1 - 10 of 286,230
In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...
Persistent link: https://www.econbiz.de/10011433976
Persistent link: https://www.econbiz.de/10011716750
In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...
Persistent link: https://www.econbiz.de/10011574144
There are competing “views” on the economic effects of debt finance. One view argues that tax and debt finance have identical effects on various economic measures, a view sometimes termed “Ricardian Equivalence”. However, this “Ricardian view” remains controversial, with other views...
Persistent link: https://www.econbiz.de/10011537018
theory, the consumers will not change their current spending when they anticipate a tax increase in the future. In order to … pay high taxes in the future, the government should increase its present savings. However, the extent of applicability of … between domestic borrowing and private savings in Turkey. For this purpose, the researcher collected the data for key …
Persistent link: https://www.econbiz.de/10012296111
In an overlapping generations maximization framework with consumers, whose information on uncertain future income realizations is front-loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form solution we assume that consumers solve their...
Persistent link: https://www.econbiz.de/10003484116
Persistent link: https://www.econbiz.de/10001423552
This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this...
Persistent link: https://www.econbiz.de/10014396058
This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this purpose...
Persistent link: https://www.econbiz.de/10012781013
The ability of discretionary fiscal policy to affect economic activity following shocks depends on how private agents react. This paper re-investigates the extent of possible offsetting private saving behaviour to fiscal policy changes. The results suggest that the private saving offset is...
Persistent link: https://www.econbiz.de/10013142980