Testing the Ricardian Equivalence Theorem: Time Series Evidence from Turkey
Two of the most common measures adopted by the government to stimulate the economy are increasing government borrowings and implementing tax cuts. These tax cuts are financed through increased debt. According to the Ricardian equivalence theory, the consumers will not change their current spending w...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-08-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/8/3/69 |