Ricardian equivalence

名词 n.
中文释义

英文释义

名词 n.
  1. The idea that consumers are forward-looking and so internalize the government's budget constraint when making their consumption decisions, so that, for a given pattern of government spending, the method of financing such spending does not affect agents' consumption decisions, and thus does not change aggregate demand. uncountable

词源

Proposed by economist David Ricardo in the early 19th century.
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