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- W2368830057 abstract "This paper develops the Extended Ricardian Equivalence Theorem for helicopter money. It is shown that helicopter money, or money printing, to finance fiscal spending is inconsistent with existence of an equilibrium under ordinary assumptions used to derive the Ricardian Equivalence theorem. By relaxing some equality constraints into inequality constraints or by an open economy assumption, one may be able to save helicopter money from not being a part of an equilibrium." @default.
- W2368830057 created "2016-06-24" @default.
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- W2368830057 date "2016-01-01" @default.
- W2368830057 modified "2023-09-26" @default.
- W2368830057 title "Extended Ricardian Equivalence Theorem for Helicopter Money" @default.
- W2368830057 cites W2047560619 @default.
- W2368830057 doi "https://doi.org/10.2139/ssrn.2773595" @default.
- W2368830057 hasPublicationYear "2016" @default.
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