Fiscal consolidations and heterogeneous expectations

DOI10.1016/j.jedc.2017.12.002zbMath1401.91382OpenAlexW2583043951MaRDI QIDQ1657192

Kostas Mavromatis, Joep Lustenhouwer, Cars H. Hommes

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.dynare.org/DynareConference2015/papers/Mavromatis_Hommes_Lustenbhouwer.pdf

zbMATH Keywords

uncertaintybounded rationalityheterogeneous expectationsfiscal policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• Fiscal consolidation in a currency union: spending cuts vs. tax hikes
• Policy change and learning in the RBC model
• Anticipation, learning and welfare: the case of distortionary taxation
• A New Keynesian model with heterogeneous expectations
• Fiscal Foresight and Information Flows
• Monopolistic Price Adjustment and Aggregate Output
• A Rational Route to Randomness
• An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

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