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|z 9781451853582
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|a 1018-5941
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|a Bhattacharya, Rina.
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|a Private Sector Consumption Behavior and Non-Keynesian Effects of Fiscal Policy /
|c Rina Bhattacharya.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1999.
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|a 1 online resource (28 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper explores the hypothesis that the propensity to consume out of income is not constant but varies, perhaps in a nonlinear fashion, with fiscal variables. It examines whether there is any empirical evidence to support the hypothesis that households move from non-Ricardian to Ricardian behavior as government debt reaches high levels and as uncertainty about future taxes increases. The paper also examines the possibility of a relationship (along the lines of the Bertola-Drazen model) between the propensity to consume out of income and the government consumption-to-GDP ratio.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1999/112
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1999/112/001.1999.issue-112-en.xml
|z IMF e-Library
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