Fading Ricardian Equivalence in Ageing Japan

Nopic
Japan seems to be turning less Ricardian, a trend set to continue. First, the discount wedge seems to have risen, suggesting that consumers have become more myopic. Second, some evidence points to the possibility that an increasing number of households are liquidity constrained. If these developments continue, the impact of fiscal policy on the... READ MORE...

Publication date: September 2016
ISBN 9781475541649
$18.00

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Publication date: September 2016

English