Esposito, Lorenzo; Mastromatteo, Giuseppe - 2019
the economy. On this issue, we explore the Barro-Ricardo equivalence, which has played a decisive role in molding the … economic policies that fostered the crisis. We analyze the equivalence and its theoretical underpinnings, concluding that: (1 … optimal policy for the government, and this remains true even when relaxing many equivalence assumptions. We go on to discuss …