Ricardian Equivalence - Empirical Results

Empirical Results

Ricardian equivalence has been the subject of extensive empirical inquiry. Barro himself found some confirmation in post WW I years.

Read more about this topic:  Ricardian Equivalence

Famous quotes containing the words empirical and/or results:

    To develop an empiricist account of science is to depict it as involving a search for truth only about the empirical world, about what is actual and observable.... It must involve throughout a resolute rejection of the demand for an explanation of the regularities in the observable course of nature, by means of truths concerning a reality beyond what is actual and observable, as a demand which plays no role in the scientific enterprise.
    Bas Van Fraassen (b. 1941)

    It amazes me when I hear any person prefer blindness to deafness. Such a person must have a terrible dread of being alone. Blindness makes one totally dependent on others, and deprives us of every satisfaction that results from light.
    Horace Walpole (1717–1797)