208-2011-L9

208-2011-L9 - Econ208 MarekKapicka Lecture9...

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Econ 208 Marek Kapicka Lecture 9 Ricardian Equivalence
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Announcements  n Reading n DLS, 14.1-14.2 for today n DLS, Chapter 14.3-14.4 for Wednesday n PS3: I will post it today, due next  Monday
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Where are we? n Introduction: A model with no Government n The Effects of Government Spending n Government Taxation and Government Debt n Labor Taxation n Government Debt n Fiscal and Monetary Policy n Optimal Monetary Policy n Financial Intermediation n Current Account Determination n Fiscal Deficits and Current Account
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Where are we? n Introduction: A model with no Government n The Effects of Government Spending n Government Taxation and Government Debt n Labor Taxation n Taxation and Redistribution n Capital Taxation: skipped n Government Debt n Fiscal and Monetary Policy n Optimal Monetary Policy n Financial Intermediation n Current Account Determination n Fiscal Deficits and Current Account
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Government Debt n 1) The Data n 2) Ricardian Equivalence Theorem n Gov’t Debt does not matter ! n
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208-2011-L9 - Econ208 MarekKapicka Lecture9...

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