Parent Category: Article
Does Ricardian Equivalence Hold When Expectations Are Not Rational?
|Title||Does 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 ...||Pagination||p1259–1283|
|Journal Title||Journal of Money, Credit, and Banking|| || |
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