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Showing 1 - 5 of 5 results for "David Riccardo"

Crowding in

BENJAMIN ONG  |  TUESDAY, 25 NOV 2014
... aggregate savings, lower spending and reduce economic growth.... and the 'Ricardian Equivalence'... with a twist. David Riccardo posited back in the 1820's that given increased government spending (read deficit), rational consumers would merely save ...

Keynes & Riccardo on display

BENJAMIN ONG  |  WEDNESDAY, 1 AUG 2012
... the US economy's tepid growth and a testament to JMK (John Maynard Keynes) "Paradox of Thrift". It's also proving David Riccardo's theorem. In simple terms, the Riccardian equivalence theory posits that it does not matter how the government finances ...

Danger, Will Robinson!

BENJAMIN ONG  |  THURSDAY, 23 APR 2009
... explain, we go back to the concept of 'Riccardian equivalence' posited by nineteenth century political economist, David Riccardo. The theory states that consumers save during periods of high and increasing government deficits, expecting that this deficit ...

Riccardian equivalence redux

BENJAMIN ONG  |  WEDNESDAY, 25 FEB 2009
US President Barack Obama is bringing David Riccardo back from the dead. When the US unveiled its first bailout acronym - TARP -- for the financial sector TARP - last year, I wrote about a theory taught us budding economists called the 'Riccardian equivalence.' ...

Bail-out Plan B

BENJAMIN ONG  |  THURSDAY, 13 NOV 2008
... spending. However, the US government should beware the Riccardian equivalence. Nineteenth century political economist, David Riccardo, theorised that government spending might have no effect on the economy in the long-run. This is because consumers save ...
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