expectations. -- Barro-Ricardo equivalence ; Ricardian equivalence ; fiscal policy ; debt ; taxation ; rational expectations … considering an economy in steady state where all agents hold "Barro expectations": they believe that government debt must … mode of taxation affects the present value of disposable income in the private sector. This violates their Barro …

”: they believe that government debt must necessarily be repaid and therefore leave the present value of their income streams … unchanged. In this scenario, a change in the mode of taxation affects the present value of disposable income in the private …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

considering an economy in steady state where all agents hold Barro expectations: they believe that government debt must … mode of taxation affects the present value of disposable income in the private sector. This violates their Barro …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …