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  • 008 __ 050117s2004\\era\||||||||||eng\
  • 020 __ |a9949404282
  • 035 __ |a.b16983671 (Tartu-L)
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  • 100 1_ |aKaadu, Hannes.
  • 245 10 |aLiquidity constraints and Ricardian equivalence in Estonia /|cHannes Kaadu, Lenno Uusküla.
  • 260 __ |a[Tallinn] :|bEesti Pank,|c2004.
  • 300 __ |a25, [1] lk. :|bill. ;|c30 cm.
  • 490 0_ |aWorking papers of Eesti Pank,|x1406-7161 ;|v2004, No. 7.
  • 504 __ |aBibliograafia joonealustes märkustes ja lk. 22-23.
  • 520 __ |aThis paper aims to find evidence of the influence of government deficit on private consumption in Estonia. The data only shows some support for Ricardian equivalence. Two approaches were used in the empirical tests. The Haque and Montiel (1989) equation of consumption was estimated using an instrumental variables technique. The Aschauer (1985) system of equations was estimated with the full information maximum likelihood method. Formal tests based on macro data could neither reject nor confirm the existence of liquidity constraints or Ricardian equivalence. There remains a lot of room for testing both of these hypotheses in Estonia. Further efforts to test liquidity constraints should concentrate on using micro data.
  • 530 __ |aKättesaadav ka võrguteavikuna.
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  • 651 _9 |aEesti.
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  • 694 _1 |aEesti majandus.
  • 700 1_ |aUusküla, Lenno,|d1978-
  • 710 2_ |aEesti Pank.
  • 740 0_ |aWorking papers of Eesti Pank (võrguteavik).|n2004, No. 7.
  • 752 __ |cHarjumaa.
  • 856 4_ |uhttp://digar.nlib.ee/show/nlib-digar:68|zTÄISTEKST RR arhiivis DIGAR
  • 856 41 |uhttp://www.eestipank.ee/sites/eestipank.ee/files/publication/en/WorkingPapers/2004/_wp_704.pdf|zTÄISTEKST
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