Ricardian Equivalence - MIT OpenCourseWare
https://ocw.mit.edu/courses/14-05-intermediate-macroeconomics-spring-2013/1032b81cf82579d766b2b39971a7a0d8_MIT14_05S13_LecNot_ricard.pdf
WEB14.05 Lecture Notes: Ricardian Equivalence, Tax Smoothing, and Debt Management In e ect, when the government runs a de cit, it relaxes the bite of the borrowing constraint faced by the household. It follows that private consumption may now increase, and Ricardian equivalence breaks. In this sense, tax rebates, transfers, and de cits may help ...
DA: 7 PA: 11 MOZ Rank: 6