Title of article
Anticipatedfiscalpolicyandadaptivelearning$
Author/Authors
George W. Evans، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
24
From page
930
To page
953
Abstract
The impactofanticipatedpolicychangeswhenagentsformexpectationsusingadaptive
learningratherthanrationalexpectationsisconsidered.Agentsareassumedtocombine
limited structuralknowledgewithastandardadaptivelearningrule.Theseissuesare
analyzed usingtwowell-knownset-ups,anendowmenteconomyandtheRamsey
model.Inourscenariothereareimportantdeviationsfrombothrationalexpectations
and purelyadaptivelearning.Theapproachcouldbeappliedtootherframeworks
Keywords
TaxationExpectationsRamsey model
Journal title
Journal of Monetary Economics
Serial Year
2008
Journal title
Journal of Monetary Economics
Record number
846343
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