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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