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Reflections on Ricardian Equivalence / Robert J. Barro.
- Format:
- Book
- Author/Creator:
- Barro, Robert J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w5502.
- NBER working paper series no. w5502
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1996.
- Summary:
- The Ricardian equivalence proposition for public debt in my 1974 JPE paper is related to the discussions in Ricardo's Funding System, Smith's Wealth of Nations, and a number of treatments in macroeconomics from the 1950s to the 1970s. Useful extensions of the basic invariance proposition involve tax smoothing (in the context of distorting taxation) and the determinants of the maturity and other characteristics of the debt structure (in an environment of uncertainty).
- Notes:
- Print version record
- March 1996.
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