Policy change and learning in the RBC model

DOI10.1016/j.jedc.2013.05.011zbMath1402.91484OpenAlexW3125517901MaRDI QIDQ1994132

George W. Evans, Seppo Honkapohja, Kaushik Mitra

Publication date: 1 November 2018

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2013.05.011

zbMATH Keywords

expectationstaxationgovernment spendingpermanent policy changes

Mathematics Subject Classification ID

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

Related Items (7)

Fiscal consolidations and heterogeneous expectations ⋮ Macroeconomies as constructively rational games ⋮ Learnability of an equilibrium with private information ⋮ Learning about fiscal policy and the effects of policy uncertainty ⋮ Anticipated disinflation and recession in the New Keynesian model under learning ⋮ EXPECTATIONS, STAGNATION, AND FISCAL POLICY: A NONLINEAR ANALYSIS ⋮ Anticipation, learning and welfare: the case of distortionary taxation

Cites Work

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• What's News in Business Cycles
• Economic Dynamics with Learning: New Stability Results
• The Stability of Models of Money and Growth with Perfect Foresight
• Escaping Nash Inflation
• Anchoring Economic Predictions in Common Knowledge

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