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| | Private consumption, inflation and the "debt neutrality hypothesis", the case for eight OECD countries (Site not responding. Last check: 2007-11-06) |
 | | Private consumption, inflation and the "debt neutrality hypothesis", the case for eight OECD countries |
 | | Estimates of the inflation-adjustment and fiscal illusion parameters are provided and specification tests opposing the three versioins of the model are performed. |
 | | Interestingly, however, a comparison of the results across countries suggests that the degree of fiscal illusion is low precisely in the countries where the growth of public debt is explosive. |
| www.oecd.org /LongAbstract/0,2546,en_2649_34595_1874754_1_1_1_1,00.html (234 words) |
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