Leiderman, Leonardo; Razin, Assaf - In: Journal of Money, Credit and Banking 20 (1988) 1, pp. 1-21
This paper's purpose is to develop and estimate a stochastic, intertemporal model of consumption be havior and to use it for testing a version of the Ricardian-equivalen ce proposition with time-series data. Two channels that may give rise to deviations from this proposition are specified:...