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• W1981572400 abstract "This paper estimates a consumption function for Belgium that allows for government debt discounting and for the overall discounting of the future (reflecting the consumers’ planning horizon or precautionary savings). It also allows for substitutability or complementarity effects from government expenditures. Results suggest that consumers do take into account (future) government activity. Ricardian Equivalence is rejected however, since we cannot reject a relatively short planning horizon or a precautionary savings motive for the consumers. We use bootstrapped distributions for inference since the instrumental variables estimators used may have non-standard distributions. This procedure also helps to tackle potential endogeneity and sample size problems." @default.
• W1981572400 created "2016-06-24" @default.
• W1981572400 creator A5089594169 @default.
• W1981572400 date "2003-07-01" @default.
• W1981572400 modified "2023-09-27" @default.
• W1981572400 title "Tax Discounting in a High-debt Economy*" @default.
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• W1981572400 doi "https://doi.org/10.1111/1468-0084.t01-1-00051" @default.
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