Ricardian equivalence and the intertemporal Keynesian multiplier

Jean-Pascal Bénassy (1, 2)

1 CEPREMAP - Centre pour la recherche économique et ses applications
2 PJSE - Paris-Jourdan Sciences Economiques

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.

Mots clés: économies "non-ricardiennes"; rigidités de prix; multiplicateur keynésien; multiplicateur; équivalence ricardienne

Mots clés: multiplier; Ricardian equivalence; non Ricardian economies; price rigidities; Keynesian multiplier

Domaines: Economies et finances

Jean-Pascal Bénassy. Ricardian equivalence and the intertemporal Keynesian multiplier. 2006. ⟨halshs-00590509⟩