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Increasing the rate of saving is an important priority for many emerging market countries. This paper focuses on Mexico … and discusses a variety of policies through which the government of Mexico could stimulate a higher rate of saving. These …
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Because of the restrictive assumptions required to establish the theory of Ricardian equivalence, its relevance in practice is essentially an empirical question. The strongest direct evidence in favor of Ricardian equivalence is Roger Kormendi's (1983) article in the American Economic Review....
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