Testing the Ricardian Equivalence Theorem: Time Series Evidence from Greece
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Elmendorf, Douglas W. & Gregory Mankiw, N., 1999.
"Government debt,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 25, pages 1615-1669,
Elsevier.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government Debt," Harvard Institute of Economic Research Working Papers 1820, Harvard - Institute of Economic Research.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government debt," Finance and Economics Discussion Series 1998-09, Board of Governors of the Federal Reserve System (U.S.).
- Elmendorf, Douglas W. & Mankiw, N, 1999. "Government Debt," Scholarly Articles 2643866, Harvard University Department of Economics.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government Debt," NBER Working Papers 6470, National Bureau of Economic Research, Inc.
- Feldstein, Martin & Elmendorf, Douglas W, 1990. "Government Debt, Government Spending, and Private Sector Behavior Revisited: Comment," American Economic Review, American Economic Association, vol. 80(3), pages 589-599, June.
- Graham, Fred C, 1995. "Government Debt, Government Spending, and Private-Sector Behavior: Comment," American Economic Review, American Economic Association, vol. 85(5), pages 1348-1356, December.
- Barro, Robert J, 1974.
"Are Government Bonds Net Wealth?,"
Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
- Barro, Robert J., 1974. "Are Government Bonds Net Wealth?," Scholarly Articles 3451399, Harvard University Department of Economics.
- Yotsuzuka, Toshiki, 1987. "Ricardian equivalence in the presence of capital market imperfections," Journal of Monetary Economics, Elsevier, vol. 20(2), pages 411-436, September.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
- Duane Rockerbie, 1997. "Are consumers Ricardian when some are liquidity constrained? Evidence for the United States," Applied Economics, Taylor & Francis Journals, vol. 29(6), pages 821-827.
- Becker, Torbjorn, 1997.
"An investigation of Ricardian equivalence in a common trends model,"
Journal of Monetary Economics, Elsevier, vol. 39(3), pages 405-431, August.
- Becker, Torbjörn, 1995. "An Investigation of Ricardian Equivalence in a Common Trends Model," SSE/EFI Working Paper Series in Economics and Finance 72, Stockholm School of Economics.
- Poterba, James M. & Summers, Lawrence H., 1987.
"Finite lifetimes and the effects of budget deficits on national saving,"
Journal of Monetary Economics, Elsevier, vol. 20(2), pages 369-391, September.
- James M. Poterba & Lawrence H. Summers, 1986. "Finite Lifetimes and the Effects of Budget Deficits on National Savings," Working papers 434, Massachusetts Institute of Technology (MIT), Department of Economics.
- Evans, Paul, 1988. "Are Consumers Ricardian? Evidence for the United States," Journal of Political Economy, University of Chicago Press, vol. 96(5), pages 983-1004, October.
- Osterwald-Lenum, Michael, 1992. "A Note with Quantiles of the Asymptotic Distribution of the Maximum Likelihood Cointegration Rank Test Statistics," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 461-472, August.
- Bernheim, B Douglas & Bagwell, Kyle, 1988.
"Is Everything Neutral?,"
Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 308-338, April.
- B. Douglas Bernheim & Kyle Bagwell, 1986. "Is Everything Neutral?," NBER Working Papers 2086, National Bureau of Economic Research, Inc.
- Granger, C. W. J., 1981. "Some properties of time series data and their use in econometric model specification," Journal of Econometrics, Elsevier, vol. 16(1), pages 121-130, May.
- Bohn, Henning, 1992.
"Budget deficits and government accounting,"
Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 37(1), pages 1-83, December.
- Henning Bohn, "undated". "Budget Deficits and Government Accounting," Rodney L. White Center for Financial Research Working Papers 28-91, Wharton School Rodney L. White Center for Financial Research.
- Bohn, H., 1991. "Budget Deficits and Government Accounting," Weiss Center Working Papers 28-91, Wharton School - Weiss Center for International Financial Research.
- Seater, John J, 1993. "Ricardian Equivalence," Journal of Economic Literature, American Economic Association, vol. 31(1), pages 142-190, March.
- Kormendi, Roger C & Meguire, Philip G, 1995.
"Government Debt, Government Spending, and Private-Sector Behavior: Reply,"
American Economic Review, American Economic Association, vol. 85(5), pages 1357-1361, December.
- Kormendi, Roger C & Meguire, Philip, 1986. "Government Debt, Government Spending, and Private Sector Behavior: Reply," American Economic Review, American Economic Association, vol. 76(5), pages 1180-1187, December.
- Detken, Carsten, 1999. "Fiscal policy effectiveness and neutrality results in a non-Ricardian world," Working Paper Series 3, European Central Bank.
- Chan, Louis Kuo Chi, 1983. "Uncertainty and the neutrality of government financing policy," Journal of Monetary Economics, Elsevier, vol. 11(3), pages 351-372.
- Kormendi, Roger C, 1983. "Government Debt, Government Spending, and Private Sector Behavior," American Economic Review, American Economic Association, vol. 73(5), pages 994-1010, December.
- Blanchard, Olivier J, 1985.
"Debt, Deficits, and Finite Horizons,"
Journal of Political Economy, University of Chicago Press, vol. 93(2), pages 223-247, April.
- Olivier J. Blanchard, 1984. "Debt, Deficits and Finite Horizons," NBER Working Papers 1389, National Bureau of Economic Research, Inc.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gogas, Periklis & Plakandaras, Vasilios & Papadimitriou, Theophilos, 2014.
"Public debt and private consumption in OECD countries,"
The Journal of Economic Asymmetries, Elsevier, vol. 11(C), pages 1-7.
- Gogas, Periklis & Papadimitriou, Theophilos & Plakandaras, Vasilios, 2013. "Public Debt and Private Consumption in OECD countries," DUTH Research Papers in Economics 1-2013, Democritus University of Thrace, Department of Economics, revised 20 Feb 2014.
- Teboho Jeremiah Mosikari & Joel Hinaunye Eita, 2017. "Empirical test of the Ricardian Equivalence in the Kingdom of Lesotho," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1351674-135, January.
- Cosimo Magazzino, 2012. "Fiscal Policy, Consumption and Current Account in the European Countries," Economics Bulletin, AccessEcon, vol. 32(2), pages 1330-1344.
- International Monetary Fund, 2005. "Norway: Selected Issues," IMF Staff Country Reports 2005/197, International Monetary Fund.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2008.
"Competition and productivity growth in South Africa,"
The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(4), pages 741-768, October.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2006. "Competition and Productivity Growth in South Africa," CID Working Papers 132, Center for International Development at Harvard University.
- Aghion, Philippe & Braun, Matias & Fedderke, Johannes, 2008. "Competition and Productivity Growth in South Africa," Scholarly Articles 3350068, Harvard University Department of Economics.
- Johannes W. Fedderke & Matias Braun & Philippe Aghion, 2007. "Competition and Productivity Growth in South Africa," Working Papers 054, Economic Research Southern Africa.
- Yoichi Matsubayashi & Takao Fujii, 2012. "Substitutability of Savings by Sectors: OECD Experiences," Discussion Papers 1215, Graduate School of Economics, Kobe University.
- Waqas, Muhammad & Awan, Masood Sarwar, 2011. "Are Pakistani Consumers Ricardian?," MPRA Paper 35375, University Library of Munich, Germany.
- Lumengo Bonga-Bonga, 2008. "National Saving and Fiscal Policy in South Africa: an Empirical Analysis Sector in South Africa," Working Papers 084, Economic Research Southern Africa.
- Yaya Keho, 2016. "Impact of Budget Deficit on Private Consumption inWAEMU Countries: Evidence from Pooled Mean Group Estimation," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(3), pages 189-195, March.
- Ahmet Salih İkiz, 2020. "Testing the Ricardian Equivalence Theorem: Time Series Evidence from Turkey," Economies, MDPI, vol. 8(3), pages 1-20, August.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2008.
"Competition and productivity growth in South Africa,"
The Economics of Transition, The European Bank for Reconstruction and Development, vol. 16(4), pages 741-768, October.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2006. "Competition and Productivity Growth in South Africa," CID Working Papers 132, Center for International Development at Harvard University.
- Aghion, Philippe & Braun, Matias & Fedderke, Johannes, 2008. "Competition and Productivity Growth in South Africa," Scholarly Articles 3350068, Harvard University Department of Economics.
- Johannes W. Fedderke & Matias Braun & Philippe Aghion, 2007. "Competition and Productivity Growth in South Africa," Working Papers 054, Economic Research Southern Africa.
- Philippe Aghion & Matias Braun & Johannes Fedderke, 2006. "Competition and Productivity Growth in South Africa," Growth Lab Working Papers 14j, Harvard's Growth Lab.
- Saima Sarwar, 2015. "Revisiting Ricardian Equivalence Hypothesis (REH) For Pakistan Using Money Demand Function Approach," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 4(3), pages 154-166.
- Muhammad Waqas & Masood Sarwar Awan, 2012. "Exchange Rate, Interest Rate and Ricardian Equivalence Evidence from Pakistan," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 0(SS), pages 249-269.
- Waqas, Muhamad & Awan, Masood Sarwar & Aslam, Muhammad Amir, 2011. "We are living on the cost of our children," MPRA Paper 32044, University Library of Munich, Germany.
- Ian P. Cassar & Kurt Davison & Christian Xuereb, 2018. "Does the Ricardian Equivalence Theorem Capture the Consumption Behavior of Maltese Households?," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(12), pages 1-77, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Elmendorf, Douglas W. & Gregory Mankiw, N., 1999.
"Government debt,"
Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 25, pages 1615-1669,
Elsevier.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government Debt," Harvard Institute of Economic Research Working Papers 1820, Harvard - Institute of Economic Research.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government Debt," NBER Working Papers 6470, National Bureau of Economic Research, Inc.
- Elmendorf, Douglas W. & Mankiw, N, 1999. "Government Debt," Scholarly Articles 2643866, Harvard University Department of Economics.
- Douglas W. Elmendorf & N. Gregory Mankiw, 1998. "Government debt," Finance and Economics Discussion Series 1998-09, Board of Governors of the Federal Reserve System (U.S.).
- Roberto Ricciuti, 2003. "Assessing Ricardian Equivalence," Journal of Economic Surveys, Wiley Blackwell, vol. 17(1), pages 55-78, February.
- Koumparoulis, Dimitrios, 2006. "Ευρωπαϊκή Δημοσιονομική Πολιτική Και Οικονομική Μεγέθυνση: Η Νεοκλασική Οικονομική Θεωρία Για Την Περίπτωση Της Ελλάδας [European Fiscal Policy and Economic Growth: The Neoclassical Economic Theory," MPRA Paper 44310, University Library of Munich, Germany.
- Brunila, Anne, 1997. "Current income and private consumption : Saving decisions : Testing the finite horizon model," Research Discussion Papers 6/1997, Bank of Finland.
- repec:zbw:bofrdp:1997_006 is not listed on IDEAS
- Francesco Forte & Cosimo Magazzino, 2015. "Ricardian equivalence and twin deficits hypotheses in the euro area," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 17(2), pages 148-166, October.
- Brunila, Anne, 1997. "Current income and private consumption: Saving decisions: Testing the finite horizon model," Bank of Finland Research Discussion Papers 6/1997, Bank of Finland.
- Agustín García & Julián Ramajo, "undated". "Los Efectos De La Política Fiscal Sobre El Consumo Privado: Nueva Evidencia Para El Caso Español," Working Papers 13-02 Classification-JEL , Instituto de Estudios Fiscales.
- Waqas, Muhamad & Awan, Masood Sarwar & Aslam, Muhammad Amir, 2011. "We are living on the cost of our children," MPRA Paper 32044, University Library of Munich, Germany.
- B. Douglas Bernheim, 1987.
"Ricardian Equivalence: An Evaluation of Theory and Evidence,"
NBER Chapters, in: NBER Macroeconomics Annual 1987, Volume 2, pages 263-316,
National Bureau of Economic Research, Inc.
- B. Douglas Bernheim, 1987. "Ricardian Equivalence: An Evaluation of Theory and Evidence," NBER Working Papers 2330, National Bureau of Economic Research, Inc.
- Gianluigi Giorgioni & Ken Holden, 2003. "Ricardian equivalence, expansionary fiscal contraction and the stock market: a VECM approach," Applied Economics, Taylor & Francis Journals, vol. 35(12), pages 1435-1443.
- repec:ebl:ecbull:v:5:y:2008:i:16:p:1-14 is not listed on IDEAS
- Cosimo Magazzino, 2012. "Fiscal Policy, Consumption and Current Account in the European Countries," Economics Bulletin, AccessEcon, vol. 32(2), pages 1330-1344.
- António Afonso, 2008.
"Euler testing Ricardo and Barro in the EU,"
Economics Bulletin, AccessEcon, vol. 5(16), pages 1-14.
- António Afonso, 2008. "Euler Testing Ricardo and Barro in the EUs," Working Papers Department of Economics 2008/23, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Brunila, Anne, 1996. "Fiscal policy and private consumption: Saving decisions: Evidence from Finland," Bank of Finland Research Discussion Papers 28/1996, Bank of Finland.
- António Afonso, 2001. "Government indebtedness and european consumers behaviour," Working Papers Department of Economics 2001/12, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Lorenzo Pozzi, 2003. "Tax Discounting in a High‐debt Economy," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 65(3), pages 261-282, July.
- Selahattin Dibooglu, 1997.
"Accounting for US current account deficits: an empirical investigation,"
Applied Economics, Taylor & Francis Journals, vol. 29(6), pages 787-793.
- Selahattin Dibooglu, 1995. "Accounting for U.S. Current Account Deficits: An Empirical Investigation," International Finance 9502003, University Library of Munich, Germany.
- Becker, Torbjorn, 1997.
"An investigation of Ricardian equivalence in a common trends model,"
Journal of Monetary Economics, Elsevier, vol. 39(3), pages 405-431, August.
- Becker, Torbjörn, 1995. "An Investigation of Ricardian Equivalence in a Common Trends Model," SSE/EFI Working Paper Series in Economics and Finance 72, Stockholm School of Economics.
- Yannis A. Monogios & Christos Pitelis, 2004. "On (Ultra) rationality and the corporate and government veils," Manchester School, University of Manchester, vol. 72(3), pages 382-402, June.
- Saima Sarwar, 2015. "Revisiting Ricardian Equivalence Hypothesis (REH) For Pakistan Using Money Demand Function Approach," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 4(3), pages 154-166.
- Brunila, Anne, 1996. "Fiscal policy and private consumption : Saving decisions : Evidence from Finland," Research Discussion Papers 28/1996, Bank of Finland.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jed:journl:v:26:y:2001:i:1:p:149-160. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sung Y. Park (email available below). General contact details of provider: https://edirc.repec.org/data/eccaukr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.