Home  Journals  Finance and Credit  34(370) - 2009 September

Public debt management and the Ricardian equivalence Theorem

Available online: 6 November 2009

Subject Heading: PUBLIC DEBT

JEL Classification: 

Article presents the Ricardian equivalence Theorem, which is one of new economic theories. It states that public debt does not have any influence to a economy. Article presents too the differences the Ricardian equivalence Theorem from the Neoclassical views and the new orthodoxy views Author describes also the critic of the Ricardian equivalence Theorem, which is stated by J. Tobin and J. Buchanan, and the possibility to use the Ricardian equivalence Theorem in a public debt management.

Keywords: finance, public debt

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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