Ricardian equivalence and the intertemporal Keynesian multiplier |
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| Affiliation: | 1. Department of International Economics and Trade, Research Institute of Natural Resources, Environment & Sustainable Development, College of Economics, Jinan University, China;2. Department of International Business, Center for Applied Economic Modeling, Chung Yuan Christian University, No. 200, Chung Pei Rd, Chung Li 32023, Taiwan;1. Universität Erfurt, Faculty of Economics, Law and Social Sciences, Chair for International Economics, Nordhäuser Straße, 99089 Erfurt, Germany;2. Deutscher Bundestag, Platz der Republik, Büro Margaret Horb, MdB, 11011 Berlin, Germany;1. Univ Lyon, Université Lumière Lyon 2, GATE UMR 5824, F-69130 Ecully, France;2. CREST-Ensai and ULCO, France;3. Department of Applied Economics and CIREQ, HEC Montréal, Canada;4. Institut Universitaire de France, France |
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| Abstract: | ![]()
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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