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Ricardian equivalence theorem - PowerPoint PPT Presentation

Chapter 13

Chapter 13

Chapter 13. Fiscal Policy. Countries belonging to the European Monetary Union have agreed to follow a path of fiscal discipline, keeping government spending in line with tax receipts. Under what conditions would a government be tempted to allow expenditures to exceed receipts?. Introduction.

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1k views • 50 slides
Chapter 13

Chapter 13

Chapter 13. Fiscal Policy. Countries belonging to the European Monetary Union have agreed to follow a path of fiscal discipline, keeping government spending in line with tax receipts. Under what conditions would a government be tempted to allow expenditures to exceed receipts?. Introduction.

★ ★ ★ ★ ★

508 views • 50 slides
The Many Ways Governments can Kill Growth

The Many Ways Governments can Kill Growth

The Many Ways Governments can Kill Growth. Xavier Sala-i-Martin. Hyperinflations. Fiscal disarray leads to PRINT MONEY Money Printing leads to Hyperinflation French Revolution and American Civil War Versailles Treaty and the HP of the 1920s Post WWII (China, Greece, Hungary (*))

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306 views • 23 slides
Macroeconomic Analysis 2003

Macroeconomic Analysis 2003

Macroeconomic Analysis 2003. Fiscal Policy 2: Ricardian Equivalence Theorem And Inflation Tax. Contents. Main point of the Ricardian Equivalence Theorem (RET) Graphical and Algebraic Illustration of RET Numerical Example of RET Limitations of RET

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271 views • 17 slides
The Many Ways Governments can Kill Growth

The Many Ways Governments can Kill Growth

The Many Ways Governments can Kill Growth. Xavier Sala-i-Martin, 2003. Hyperinflations. Fiscal disarray leads to PRINT MONEY Money Printing leads to Hyperinflation French Revolution and American Civil War Versailles Treaty and the HP of the 1920s Post WWII (China, Greece, Hungary (*))

★ ★ ★ ★ ★

190 views • 12 slides

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