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Fiscal Policy, Budget Deficits and Government Debt
P/E/350. Critique of Ricardian equivalence
- WORDS:
- 1500
- DATE:
- 2006
- PRICE:
- 19.99 GBP
The paper reviews the theories on government fiscal policy focusing on the theory by David Ricardo known as Ricardian equivalence. Arguments in favour and against the theory are discussed seeking to understand whether public debt can be regarded as the wealth of the private sector.
KEYWORDS: critique, ricardian, equivalence,
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I received the paper very fast and it helped me quite a lot. ThanksPatel
