Ricardian Equivalence and National Saving in the United States:
This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this purpose an...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1988
|
| Schriftenreihe: | IMF Working Papers
|
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this purpose and suggests that the issue is ultimately empirical. The empirical work for the United States suggests behavior close to zero Ricardian equivalence. Consequently, while there may be other reasons for favoring one approach or the other, cuts in government spending and increases in taxation appear broadly equivalent in terms of their impact on national saving |
| Beschreibung: | 1 Online-Ressource (36 p) |
| ISBN: | 1451949871 9781451949872 |
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| index_date | 2024-07-03T20:13:16Z |
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| spelling | International Monetary Fund Verfasser aut Ricardian Equivalence and National Saving in the United States Washington, D.C International Monetary Fund 1988 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers This paper examines the relative efficacy of cuts in government spending on goods and services and increases in taxation as tools for augmenting national saving--an issue related to Ricardian equivalence. The theoretical analysis shows little presumption in favor of spending cuts for this purpose and suggests that the issue is ultimately empirical. The empirical work for the United States suggests behavior close to zero Ricardian equivalence. Consequently, while there may be other reasons for favoring one approach or the other, cuts in government spending and increases in taxation appear broadly equivalent in terms of their impact on national saving Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/15121-9781451949872/15121-9781451949872/15121-9781451949872.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Ricardian Equivalence and National Saving in the United States |
| title | Ricardian Equivalence and National Saving in the United States |
| title_auth | Ricardian Equivalence and National Saving in the United States |
| title_exact_search | Ricardian Equivalence and National Saving in the United States |
| title_exact_search_txtP | Ricardian Equivalence and National Saving in the United States |
| title_full | Ricardian Equivalence and National Saving in the United States |
| title_fullStr | Ricardian Equivalence and National Saving in the United States |
| title_full_unstemmed | Ricardian Equivalence and National Saving in the United States |
| title_short | Ricardian Equivalence and National Saving in the United States |
| title_sort | ricardian equivalence and national saving in the united states |
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