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Ricardian equivalence and the intertemporal Keynesian multiplier
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Abstract
We show that Keynesian multiplier effects can be obtained in dynamic optimizing models if one combines both price rigidities and a "non Ricardian" framework where, due for example to the birth of new agents, Ricardian equivalence does not hold.multiplier ; Ricardian equivalence ; non Ricardian economies ; price rigidities ; Keynesian multiplier