Fiscal year 1994. Great expectations.
نویسنده
چکیده
File Cards .............................................................................. A55 Index to Advertisers ............................................................................. A96 A8 by gest on N ovem er 3, 2017 http://ciajournals.org/ D ow nladed from Iirculatioin Volume 89 Number 2 February 1994 Annotated Table of
منابع مشابه
Fiscal Policy Multipliers in an RBC Model with Learning∗
Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). The output multipliers for government purchases are significantly higher under learning, and fall within empirical bounds reported in the literature, which is in sharp contrast to the implausibly lo...
متن کاملFiscal Policy and Learning
Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). The output multipliers for government purchases are significantly higher under learning, and fall within empirical bounds reported in the literature (in sharp contrast to the implausibly low values ...
متن کاملCentre for Dynamic Macroeconomic Analysis Working Paper Series Cdma12/02
Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). The output multipliers for government purchases are significantly higher under learning, and fall within empirical bounds reported in the literature (in sharp contrast to the implausibly low values ...
متن کاملThe “Expectations view” on fiscal policy An experiment using real world data
To understand the effect of fiscal policy on the private sector we have to comprehend how expectations about fiscal variables are formed. However, little is known about the way people form expectations about fiscal variables: no undercutting theory exists, not to say empirical evidence. The problem is that “expectations are unobservable” (Bertola and Drazen [BD93, p.16]). We generate observable...
متن کاملExpectations and perceived causality in fiscal policy: an experimental analysis using real world data
We generate observable expectations about fiscal variables through laboratory experiments using real world data from several European countries as stimuli. We estimate an econometric model of individual expectations for fiscal policy, which nests various theories of expectations–forming and encompasses both microand macroeconomic lines of research on fiscal policy. Agents’ expectations are foun...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
- Circulation
دوره 89 2 شماره
صفحات -
تاریخ انتشار 1994