Does Ricardian Equivalence Hold When Expectations Are Not Rational?

Material TypeArticleLanguageEnglish
TitleDoes Ricardian Equivalence Hold When Expectations Are Not Rational? Author(S)GEORGE W EVANS (Author)
Abstract  This paper considers the Ricardian Equivalence proposition when expectations are not rational and are instead formed using adaptive learning rules. We show that Ricardian Equivalence continues to hold provided suitable additional conditions on learning dynamics are satisfied ...Paginationp1259–1283
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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