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Mr. Ricardo's great adventure : estimating fiscal multipliers in a truly intertemporal model /
We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence is broken because the private sector discounts the future at a faster rate than the real rate of interest. The model fits U.S. data since 1955 extremely well-entailing a discount wedge of aroun...
| Call Number: | Libro Electrónico |
|---|---|
| Main Authors: | , |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
[Washington, D.C.] :
International Monetary Fund, IMF Institute,
2006.
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| Series: | IMF working paper ;
WP/06/168. |
| Subjects: | |
| Online Access: | Texto completo |