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Budget credibility, or the ability of governments to accurately forecast macro-fiscal variables, is crucial for …
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We checked the validity of Ricardian Equivalence Hypothesis in Pakistan by using structural consumption and saving … Budget Deficit & Private Saving. Hence, we concluded that fiscal policy is effective in case of Pakistan because Ricardian … Equivalence does not hold in Pakistan that indicated the policy makers to use fiscal policy as a stabilizing policy of the economy. …
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