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Ricardian Equivalence, the Italian Fiscal Tradition and Western Australia’s Government Net Debt

McLure, Michael


This paper uses the discussion within the Italian fiscal tradition on the supposed Ricardian equivalence between debt and taxation to give context to the Western Australian (WA) Government’s growing net debt from the late phase of the ‘millennium boom’. It is suggested that WA’s experience, in which growth in net debt has been driven significantly by growth in general government expenses, accords best with Pareto’s main reason for rejecting Ricardian equivalence. The WA Government did have a...[Show more]

CollectionsANU Press (1965-Present)
Date published: 2017-11
Type: Journal article
Source: Agenda - A Journal of Policy Analysis and Reform
DOI: 10.22459/AG.24.01.2017.01
Access Rights: Open Access via publisher website


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