Ricardian equivalence or twin deficits hypothesis? Evidence from Serbia
This study investigates empirically whether higher budget deficits worsen the current account balance in Serbia, which is in line with the twin deficit hypothesis.This prediction is very different from Ricardian equivalence theory, which implies that a decrease in public savings is always...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2023-01-01
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| Series: | Ekonomski Anali |
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| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2023/0013-32642338087R.pdf |