This paper provides a short survey of the theoretical discussion on the equivalence between taxation and debt financing of public expenditures. It stresses that the key assumption in this debate concerns the behaviour of individuals towards their economic environment and public policy. Then, it...

This article compares savings behavior in a sample of seventeen OECD countries over twenty-four years. On the basis of an analysis of variance and of a life-cycle-hypothesis-based equation, the authors test the homogeneity of households' savings behavior. It appears that one cannot really speak...