Are policy variables exogenous? The econometric implications of learning while maximizing

DOI10.1007/978-3-642-58211-0zbMath0753.62078OpenAlexW2487215838MaRDI QIDQ1202130

Balazs Horvath

Publication date: 23 January 1993

Published in: Lecture Notes in Economics and Mathematical Systems (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/978-3-642-58211-0

zbMATH Keywords

Bayesian learningdynamic optimizationsimulation analysisdiscounted sum of tax revenueseconometric exogeneity of policy variablesexogeneity testsLaffer curverational expectations theorystochastic multiperiod optimization problemtheory of learning

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Research exposition (monographs, survey articles) pertaining to statistics (62-02) Economic growth models (91B62) Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming (90-02)

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