JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
The Empirical Evidence on the Ricardian Equivalence Hypothesis
Credit and Capital Markets – Kredit und Kapital, Vol. 21 (1988), Iss. 3 : pp. 407–421
1 Citations (CrossRef)
Additional Information
Article Details
Author Details
Dr. J. de Haan, Faculty of Economics, Rijksuniversiteit Groningen, P.O. Box 800, NL-9700 AV Groningen, Niederlande
Dr. Dick Zelhorst, Faculty of Economics, Rijksuniversiteit Groningen, P.O. Box 800, NL-9700 AV Groningen, Niederlande
Cited By
-
A model of real and financial household behaviour
Sterken, Elmer
De Economist, Vol. 136 (1988), Iss. 3 P.317
https://doi.org/10.1007/BF01151807 [Citations: 0]
References
-
Aschauer, D. A. (1985): "Fiscal Policy and Aggregate Demand", American Economic Review, 75, 117 - 127.
Google Scholar -
Barro, R. J. (1974): "Are Government Bonds Net Wealth?". Journal of Political Economy, 82, 1095 - 1117.
Google Scholar -
Barro, R. J. (1978), The Impact of Social Security on Private Saving, AEI Studies nr. 199.
Google Scholar -
Barth, J. R., G. Iden & F. S. Russek (1984): "Do Federal Deficits Really Matter?", Contemporary Policy Issues, 3,79 - 95.
Google Scholar -
Barth, J. R., G. Iden & F. S. Russek (1986a): "The Economic Consequences of Federal Deficits: An Examination of the Net Wealth and Instability Issues", Southern Economic Journal, 53, 27 - 50.
Google Scholar
Abstract
The Empirical Evidence on the Ricardian Equivalence Hypothesis
In this article the empirical evidence on the Ricardian equivalence (or debt neutrality) hypothesis which is based on consumer behaviour is reviewed. The various testing procedures are critically discussed and the outcomes of the tests are shown schematically. It appears that the results are rather sensitive with regard to the sample period chosen and to minor changes of specification. This is further illustrated for the case of Germany with specifications of the consumtion function as suggested by Seater & Mariano and Modigliani et al.