Best Seller The Ricardian Approach to Budget Deficits

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The Ricardian Approach to Budget Deficits High quality books

The Ricardian Approach to Budget Deficits
By:Robert J. Barro
Published on 1988 by Kingston, Ont. : Institute for Economic Research, Queen's University

Persistent budget deficits have increased economists' interest in theories and evidence about fiscal policy. This paper develops the Ricardian approach and contrasts it with standard models. The discussion considers from major theoretical objections to Ricardian equivalence-finite lifetimes, imperfect capital markets, uncertainty about future taxes and incomes, and the distorting effects of taxation Then the paper considers empirical evidence on interest rates, consumption and saving, and current-account deficits. The conclusion is that the Ricardian approach is a useful first-order approximation, and that this approach will probably become the benchwork model for assessing fiscal policy.

This Book was ranked at 28 by Google Books for keyword Gibson's paradox.

Book ID of The Ricardian Approach to Budget Deficits's Books is X8RnxAEACAAJ, Book which was written byRobert J. Barrohave ETAG "GSVtLGRIJC4"

Book which was published by Kingston, Ont. : Institute for Economic Research, Queen's University since 1988 have ISBNs, ISBN 13 Code is 9783925357558 and ISBN 10 Code is 3925357556

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Book which have "36 Pages" is Printed at BOOK under CategoryBudget deficits

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