IDEAS home Printed from https://ideas.repec.org/a/ids/ijmefi/v3y2010i3p270-279.html
   My bibliography  Save this article

A test of Ricardian Equivalence and public debt neutrality

Author

Listed:
  • Amaresh Das

Abstract

By virtue of the Ricardian Equivalence (RE) proposition, government bonds do not represent net wealth. Therefore, household's savings will increase to offset the government policy. The paper econometrically tests if governments bonds do represent net wealth based on the time series macrodata from India spanning a time from 1990 to 2005. While doing this, the paper explores the dynamic link between domestic government borrowing and private sector savings within a possibly co-integrated system where the joint endogeneity of the variables is allowed.

Suggested Citation

  • Amaresh Das, 2010. "A test of Ricardian Equivalence and public debt neutrality," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 3(3), pages 270-279.
    • Handle: RePEc:ids:ijmefi:v:3:y:2010:i:3:p:270-279
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=33457
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:ids:ijmefi:v:3:y:2010:i:3:p:270-279. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=218 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.