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Statements

Subject Item
n2:RIV%2F61989100%3A27510%2F03%3A00007372%21RIV%2F2004%2FMSM%2F275104%2FN
rdf:type
n14:Vysledek skos:Concept
dcterms:description
There were many theoretical and/or empirical studies on debt neutrality published through the years. Nevertheless, most of them were aimed at developed countries, with the rest dedicated to developing countries. For various reasons there was no attentionpaid to the Central and East European post-socialist countries. We argue that if people behave as Ricardian agents, the consequences for a policy-making are not as significant in developed countries as in countries in transition. A review of the theor etical assumptions of Ricardian hypothesis reveals that they are not likely to be fulfilled in practice even in countries in transition. A brief survey of the literature shows that available empirical evidence is inconclusive. Therefore, a simple empirical application of Ricardian equivalence for the Czech Republic is carried out. The test is based on reduced-form consumption function and the quarterly data are used. The overall results are ambiguous and show the need of deeper econometric analysis There were many theoretical and/or empirical studies on debt neutrality published through the years. Nevertheless, most of them were aimed at developed countries, with the rest dedicated to developing countries. For various reasons there was no attentionpaid to the Central and East European post-socialist countries. We argue that if people behave as Ricardian agents, the consequences for a policy-making are not as significant in developed countries as in countries in transition. A review of the theor etical assumptions of Ricardian hypothesis reveals that they are not likely to be fulfilled in practice even in countries in transition. A brief survey of the literature shows that available empirical evidence is inconclusive. Therefore, a simple empirical application of Ricardian equivalence for the Czech Republic is carried out. The test is based on reduced-form consumption function and the quarterly data are used. The overall results are ambiguous and show the need of deeper econometric analysis
dcterms:title
Ricardian Equivalence in Countries in Transition: Theory and Evidence from the Czech Republic Ricardian Equivalence in Countries in Transition: Theory and Evidence from the Czech Republic
skos:prefLabel
Ricardian Equivalence in Countries in Transition: Theory and Evidence from the Czech Republic Ricardian Equivalence in Countries in Transition: Theory and Evidence from the Czech Republic
skos:notation
RIV/61989100:27510/03:00007372!RIV/2004/MSM/275104/N
n3:strany
1-10
n3:aktivita
n17:Z
n3:aktivity
Z(MSM 275100015)
n3:dodaniDat
n13:2004
n3:domaciTvurceVysledku
n10:4897854 n10:4665627
n3:druhVysledku
n4:D
n3:duvernostUdaju
n16:S
n3:entitaPredkladatele
n18:predkladatel
n3:idSjednocenehoVysledku
625637
n3:idVysledku
RIV/61989100:27510/03:00007372
n3:jazykVysledku
n6:eng
n3:klicovaSlova
Ricardian equivalence, consumption function, government debt
n3:klicoveSlovo
n5:Ricardian%20equivalence n5:government%20debt n5:consumption%20function
n3:kontrolniKodProRIV
[8BA1CB637B0A]
n3:mistoKonaniAkce
Praha
n3:mistoVydani
Praha
n3:nazevZdroje
Public Finance and Financial Markets
n3:obor
n8:AH
n3:pocetDomacichTvurcuVysledku
2
n3:pocetTvurcuVysledku
2
n3:pocetUcastnikuAkce
0
n3:pocetZahranicnichUcastnikuAkce
0
n3:rokUplatneniVysledku
n13:2003
n3:tvurceVysledku
Macháček, Martin Wroblowský, Tomáš
n3:typAkce
n7:WRD
n3:zahajeniAkce
2003-08-25+02:00
n3:zamer
n15:MSM%20275100015
s:numberOfPages
10
n20:hasPublisher
International Institute of Public Finance
n9:organizacniJednotka
27510