Do Budget Deficits Affect Real Interest Rates? A Test of Ricardian Equivalence Theorem
This study re-examines the Ricardian Equivalence theorem (RET) by using advanced time series econometric models to investigate updated data of the U.S. budget deficits and real interest rates. We employ a multi-model approach to thoroughly investigate the properties of two time series, namely the U....
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| Format: | Article |
| Language: | English |
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Danubius University
2013-10-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
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| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1965/1907 |