Author: Wansup KimPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 0
Book Description
Testing Ricardian Equivalence Through Verification of the Permanent Income Hypothesis
Author: Wansup KimPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 0
Book Description
Testing the Ricardian Equivalence Theorem in the Framework of the Permanent Income Hypothesis
Author: Faik BilgiliRicardian Equivalence and the Permanent Income Hypothesis
Author: Benoît PerronPublisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 22
Book Description
IMF Staff papers
Author: International Monetary Fund. Research Dept.Publisher: International Monetary Fund
ISBN: 1451956770
Category : Business & Economics
Languages : en
Pages : 228
Book Description
A central proposition regarding effects of different mechanisms of fi-nancing public expenditures is that, under specific circumstances, it makes no difference to the level of aggregate demand if the government finances its outlays by debt or taxation. This so-called Ricardian equivalence states that, for a given expenditure path, substitution of debt for taxes does not affect private sector wealth and consumption. This paper provides a model illustrating the implications of Ricardian equivalence, surveys the litera-ture, considers effects of relaxing the basic assumptions, provides a frame-work to study implications of various extensions, and critically reviews recent empirical work on Ricardian equivalence.
Debt Management in India
Author: Charan SinghPublisher: Cambridge University Press
ISBN: 1108226132
Category : Business & Economics
Languages : en
Pages : 312
Book Description
This book is a comprehensive analysis of the implications of rising public debt in India. It specifically investigates the implications of domestic debt on consumption, the effect of monetised debt on prices, the long-term relationship between domestic debt and growth, and the separation of debt and monetary management. It studies data on debt in India from 1951 to 2017, and covers a wide canvas of issues related to debt management and important developments in the government securities market. It discusses trends in domestic debt, and provides a descriptive review of the major components of public debt. The book presents a close theoretical discussion on the Ricardian equivalence hypothesis, an important concept both historically and in contemporary literature on public debt. The implications of domestic debt delineated in the objectives are empirically analysed.
Weekly Weather and Crop Bulletin
Author: Dissertation Abstracts International
Author: Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 536
Book Description
Abstracts of dissertations available on microfilm or as xerographic reproductions.
Occasional Papers
Author: Recursive Macroeconomic Theory
Author: Lars LjungqvistPublisher: MIT Press
ISBN: 9780262122740
Category : Business & Economics
Languages : en
Pages : 1120
Book Description
A significant new edition of a text that offers both tools and sample applications; extensive revisions and seven new chapters improve and expand upon the original treatment.
Economic Growth, second edition
Author: Robert J. BarroPublisher: MIT Press
ISBN: 9780262025539
Category : Business & Economics
Languages : en
Pages : 676
Book Description
The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.