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Private Consumption, Government Spending, Debt Neutrality: Resolving Kormendi- Feldstein-Modigliani Controversy

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  • Aqdas Ali Kazmi

    (Ministry of Commerce, Islamabad.)

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    File URL: http://www.pide.org.pk/pdf/PDR/1994/Volume4/1055-1071.pdf
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    Article provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.

    Volume (Year): 33 (1994)
    Issue (Month): 4 ()
    Pages: 1055-1071

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    Handle: RePEc:pid:journl:v:33:y:1994:i:4:p:1055-1071

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    1. Leiderman, Leonardo & Razin, Assaf, 1988. "Testing Ricardian Neutrality with an Intertemporal Stochastic Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(1), pages 1-21, February.
    2. Modigliani, Franco & Sterling, Arlie, 1986. "Government Debt, Government Spending and Private Sector Behavior: Comment," American Economic Review, American Economic Association, vol. 76(5), pages 1168-79, December.
    3. Seater, John J., 1985. "Does government debt matter? A review," Journal of Monetary Economics, Elsevier, vol. 16(1), pages 121-131, July.
    4. Seater, John J, 1993. "Ricardian Equivalence," Journal of Economic Literature, American Economic Association, vol. 31(1), pages 142-90, March.
    5. Barro, Robert J., 1974. "Are Government Bonds Net Wealth?," Scholarly Articles 3451399, Harvard University Department of Economics.
    6. Aschauer, David Alan, 1985. "Fiscal Policy and Aggregate Demand," American Economic Review, American Economic Association, vol. 75(1), pages 117-27, March.
    7. Kochin, Levis A, 1974. "Are Future Taxes Anticipated by Consumers? Comment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(3), pages 385-94, August.
    8. Barro, Robert J, 1976. "Reply to "Perceived Wealth in Bonds and Social Security" and "Barro on the Ricardian Equivalence Theorem."," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 343-49, April.
    9. Modigliani, Franco & Sterling, Arlie G, 1990. "Government Debt, Government Spending, and Private Sector Behavior: A Further Comment," American Economic Review, American Economic Association, vol. 80(3), pages 600-603, June.
    10. Seater, John J, 1982. "Are Future Taxes Discounted?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(3), pages 376-89, August.
    11. Bernheim, B Douglas, 1989. "A Neoclassical Perspective on Budget Deficits," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 55-72, Spring.
    12. 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.
    13. 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.
    14. Buchanan, James M, 1976. "Barro on the Ricardian Equivalence Theorem," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 337-42, April.
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