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~person:"Schlicht, Ekkehart"
~person:"Shipman, Arthur F."
~subject:"debt"
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debt
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Unexpected Consequences of Ricardian Expectations
Schlicht, Ekkehart
-
Volkswirtschaftliche Fakultät, …
-
2013
Economists are widely familiar with the Ricardian equivalence thesis. It maintains that, given the time-path of government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and affects neither the demand for commodities and services...
Persistent link: https://www.econbiz.de/10010611949
Saved in:
2
Unexpected Consequences of Ricardian Expectations
Schlicht, Ekkehart
-
Volkswirtschaftliche Fakultät, …
-
2013
Economists are widely familiar with the Ricardian equivalence thesis. It maintains that, given the time-path of government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and affects neither the demand for commodities and services...
Persistent link: https://www.econbiz.de/10011210873
Saved in:
3
Unexpected Consequences of Ricardian Expectations - Erratum
Schlicht, Ekkehart
-
Volkswirtschaftliche Fakultät, …
-
2013
This note identifies a severe mistake in my article “Unexpected Consequences of Ricardian Expectations” that appeard in this journal in the July 2013 issue.
Persistent link: https://www.econbiz.de/10011210881
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4
Measuring the erosion of debt
Shipman, Arthur F.
-
Volkswirtschaftliche Fakultät, …
-
2012
The calculation used for the inflation-adjustment of debt often produces incorrect results. With Debt and GDP adjusted by the same calculation and for the same inflation, the Debt/GDP ratio after adjustment must be equal to the ratio before adjustment. A graph comparing the ratio of nominals to...
Persistent link: https://www.econbiz.de/10011114334
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5
A Case Where Barro Expectations Are Not Rational
Schlicht, Ekkehart
-
Volkswirtschaftliche Fakultät, …
-
2012
This note generalizes Feldstein’s (1976) criticism of Barro’s(1974) analysis for the case that the interest rate exceeds the growth rate. This is done by considering an economy in steady state where all agents hold “Barro expectations”: they believe that government debt must necessarily...
Persistent link: https://www.econbiz.de/10009493831
Saved in:
6
Unexpected Consequences of Ricardian Expectations
Schlicht, Ekkehart
-
Volkswirtschaftliche Fakultät, …
-
2012
Economists are widely familiar with the Ricardian equivalence thesis. It maintains that, given the time-path of government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and affects neither the demand for commodities and services...
Persistent link: https://www.econbiz.de/10011210888
Saved in:
7
Austeria
Shipman, Arthur F.
-
Volkswirtschaftliche Fakultät, …
-
2010
A brief examination of public and private debt suggests that the relation between the two is highly significant, and that recent concerns about the need for austerity are misplaced.
Persistent link: https://www.econbiz.de/10008490105
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