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What is the Ricardian Equivalence Proposition? How is the validity of the proposition affected by (i) bequests that are not altruistic and (ii) liquidity-constrained individuals
What is the Ricardian Equivalence Proposition? How is the validity of the proposition affected by (i) bequests that are not altruistic and (ii) liquidity-constrained individuals and poor people who live check to check?
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