Ricardian equivalence and the intertemporal Keynesian multiplier

We show that Keynesian multiplier effects can be obtained in dynamic optimizing models if one combines both price rigidities and a "non Ricardian" framework where, due for example to the birth of new agents, Ricardian equivalence does not hold.

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Year of publication:	2006-06
Authors:	Bénassy, Jean-Pascal
Institutions:	HAL
Subject:	multiplier \| Ricardian equivalence \| non Ricardian economies \| price rigidities \| Keynesian multiplier

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00590509
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10010930168