Imperfect information and the Meltzer-Richard hypothesis
نویسندگان
چکیده
منابع مشابه
Reputation and Imperfect Information
A common observation in the informal literature of economics (and elsewhere) is that in multistage “games,” players may seek early in the game to acquire a reputation for being “tough” or “benevolent” or something else. But this phenomenon is not observed in some formal game-theoretic analyses of finite games, such as Selten’s finitely repeated chain-store game or in the finitely repeated priso...
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The first essay empirically models of aggregate fluctuations with two basic ingredients: agents form anticipations about the future based on noisy sources of information; these anticipations affect spending and output in the short run. Our objective is to separate fluctuations due to actual changes in fundamentals (news) from those due to temporary errors in the private sector's estimates of th...
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ژورنال
عنوان ژورنال: Public Choice
سال: 2013
ISSN: 0048-5829,1573-7101
DOI: 10.1007/s11127-013-0072-z