This paper revisits the issue of the Ricardian Equivalence Hypothesis (REH), as since its reemergence, its theoretically underlying premises have been called into question. Yet, severe criticism raised by its opponents concerning the efficacy of government actions has further challenged the need...

Global macroeconomic imbalances have been, perhaps, one of the most contentious issues with magnificent implications for policymakers. Over the last decades, there has been an adherence to the view that public saving causes national saving and as such may sequentially represent macro-policy...