Private Sector Consumption Behavior and Non-Keynesian Effects of Fiscal Policy

Private Sector Consumption Behavior and Non-Keynesian Effects of Fiscal Policy
This paper explores the hypothesis that the propensity to consume out of income is not constant but varies, perhaps in a nonlinear fashion, with fiscal variables. It examines whether there is any empirical evidence to support the hypothesis that households move from non-Ricardian to Ricardian behavior as government debt reaches high levels and... READ MORE...

Publication date: August 1999
ISBN 9781451853582
$15.00

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