What does ricardian equivalence mean?
Definitions for ricardian equivalence
ri·car·dian equiv·a·lence
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Wikipedia
Ricardian equivalence
The Ricardian equivalence proposition (also known as the Ricardo–de Viti–Barro equivalence theorem) is an economic hypothesis holding that consumers are forward looking and so internalize the government's budget constraint when making their consumption decisions. This leads to the result that, for a given pattern of government spending, the method of financing that spending does not affect agents' consumption decisions, and thus, it does not change aggregate demand.
Numerology
Chaldean Numerology
The numerical value of ricardian equivalence in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of ricardian equivalence in Pythagorean Numerology is: 2
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"ricardian equivalence." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/ricardian+equivalence>.
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