With regard to the effect of government debt on household consumption, there is a sharp contrast between the "Keynesian1" view and the "Ricardian" view. Thi s paper uses econometric methods to study the efficiency of positive financial p olicy in China by testing the feasibility of both "Keynesian" and "Ricardian " views on government debt. The findings show that at China-s current stage of economic restructuring, positive financial policy can promote the growth of hous ehold consumption, the Ricardian Equivalence theorem is not tenable, but it stil l has some guiding significance on the control of financial policy and the scale of government debt.
吴 昊, 崔志超. 积极财政政策有效性的实证研究[J]. 北京航空航天大学学报（社会科学版）, 2010, 23(4): 68-71.
WU Hao, CUI Zhi-chao. A Research on the Efficiency of Positive Financial Policy. JOURNAL OF BEIJING UNIVERSITY OF AERONAUTICS AND A, 2010, 23(4): 68-71.