New Evidence on the Private Saving Offset and Ricardian Equivalence
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The ability of discretionary fiscal policy to affect economic activity following shocks depends on how private agents react. This paper re-investigates the extent of possible offsetting private saving behaviour to fiscal policy changes. The results suggest that the private saving offset is around 40% on average across countries in both the short...
