CUARESMA, JESUS CRESPO; REITSCHULER, GERHARD - In: Economica 74 (2007) 296, pp. 682-694
Using a theoretical model based on dynamic optimizing agents, we test empirically the Ricardian equivalence proposition (REP) for the EU-15 countries. The theoretical setting allows us to obtain estimates of the structural parameters of the model and to test directly the hypothesis implied by...