Dynamic Inconsistency, Rational Expectations, and Optimal Government Policy

DOI10.2307/1913514zbMath0595.90009OpenAlexW1977117096MaRDI QIDQ3727684

Brian Hillier, James M. Malcomson

Publication date: 1984

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1913514

zbMATH Keywords

rational expectationsdynamic consistencylump-sum taxationoptimal open-loop government policies

Mathematics Subject Classification ID

Trade models (91B60)

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