| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w2258 |
| 来源ID | Working Paper 2258 |
| Testing Ricardian Neutrality with an Intertemporal Stochastic Model | |
| Leonardo Leiderman; Assaf Razin | |
| 发表日期 | 1987-05-01 |
| 出版年 | 1987 |
| 语种 | 英语 |
| 摘要 | The purpose of this paper is to develop and estimate a stochastic-intertemporal model of consumption behavior and to use it for testing a version of the Ricardian-equivalence proposition with time series data. Two channels that may give rise to deviations from this proposition are specified: Finite horizons and liquidity constraints. In addition, the model incorporates explicitly the roles of taxes, substitution between public , and private consumption, and different degrees of consumer goods' durability. The evidence, based on data for Israel in the first half of the 1980s, supports the Ricardian neutrality specification, yielding plausible estimates for the behavioral parameters of the aggregate consumption function. |
| URL | https://www.nber.org/papers/w2258 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559513 |
| 推荐引用方式 GB/T 7714 | Leonardo Leiderman,Assaf Razin. Testing Ricardian Neutrality with an Intertemporal Stochastic Model. 1987. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w2258.pdf（273KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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