government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …. This divergence from the Ricardian equivalence thesis is traced to the omission of interest payments on public debt as part …

": they believe that government debt must necessarily be repaid and therefore leave the present value of their income streams … unchanged. In this scenario, a change in the mode of taxation affects the present value of disposable income in the private …