This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this purpose...

This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this...

In this paper, we utilise data from a German population survey to test the validity of the Ricardian equivalence theorem (RET). In 2013, 2,000 representatively chosen people were asked whether they have altered their consumption and saving behaviour in response to the significant increase in...