Some tests of the government's intertemporal budget constraint using US data

MacDonald, R. (1992) Some tests of the government's intertemporal budget constraint using US data. Applied Economics, 24(12), pp. 1287-1292. (doi:10.1080/00036849200000087)

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Abstract

US monthly data, for the period 1951–1984, are used to test a key element of the Ricardian equivalence doctrine, namely the government's intertemporal budget constraint. It is demonstrated that the US empirical evidence is not supportive of this constraint. Some explanations for this finding are noted.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:MacDonald, Professor Ronald
Authors: MacDonald, R.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Applied Economics
Publisher:Taylor and Francis
ISSN:0003-6846
ISSN (Online):1466-4283

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