What are the effects of a tax cut on consumption and savings in the presence of a

Question:

What are the effects of a tax cut on consumption and savings in the presence of a credit market imperfection? Does Ricardian equivalence hold?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 978-0134472119

6th Edition

Authors: Stephen D. Williamson

Question Posted: