A Note on the Weak Condition of “Globally” Ricardian

Kazuki Hiraga ()
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Kazuki Hiraga: Faculty of Economics, Keio University

Economics Bulletin, 2013, vol. 33, issue 1, 361-371

Abstract: This paper shows that there is the weak “Globally” Ricardian rules that sustains the sustainability of the government debt in the sense that it binds intertemporal government budget constraint. And we compare our result with the former paper about testing the government debt sustainability. As a result, we declare that all of these papers are sufficient condition of our condition.

Keywords: Globally Ricardian; Sustainability of the Government Debt; Regime Switch (search for similar items in EconPapers)
JEL-codes: E6 H6 (search for similar items in EconPapers)
Date: 2013-02-15
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