Words similar to ricardian
Example sentences for: ricardian
How can you use “ricardian” in a sentence? Here are some example sentences to help you improve your vocabulary:
However, in recent years, as figure 4.1 illustrates, private saving-which is the major component of nonfederal saving-declined as federal saving rose-which is consistent with the Ricardian equivalence hypothesis.
6 Thus, when the government runs deficits and accumulates debt, Ricardian consumers would save more to ensure that they or their descendants can pay the expected higher future taxes.
surpluses and reduces debt held by the public (as in 1998 through 2000), Ricardian consumers would save less in anticipation of future tax cuts.
If all consumers were fully Ricardian, private saving would fully offset any change in government saving, and national saving would be unchanged.
Economists continue to debate how well the Ricardian equivalence theory works in practice.