The Empirical Evidence on the Ricardian Equivalence Hypothesis
Year: 1988
Author: de Haan, J., Zelhorst, D.
Credit and Capital Markets – Kredit und Kapital, Vol. 21 (1988), Iss. 3 : pp. 407–421
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.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/ccm.21.3.407
Credit and Capital Markets – Kredit und Kapital, Vol. 21 (1988), Iss. 3 : pp. 407–421
Published online: 1988-03
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 15
Author Details
de Haan, J. Email
Zelhorst, D. Email
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