dc.contributor.author |
Evans, George W., 1949- |
|
dc.contributor.author |
Honkapohja, Seppo, 1951- |
|
dc.contributor.author |
Mitra, Kaushik |
|
dc.date.accessioned |
2007-03-06T01:04:17Z |
|
dc.date.available |
2007-03-06T01:04:17Z |
|
dc.date.issued |
2007-02-18 |
|
dc.identifier.uri |
http://hdl.handle.net/1794/3912 |
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dc.description |
44 p. |
en |
dc.description.abstract |
We consider the impact of anticipated policy changes when agents
form expectations using adaptive learning rather than rational expectations.
To model this we assume that agents combine limited structural
knowledge with a standard adaptive learning rule. We analyze
these issues using two well-known set-ups, an endowment economy
and the Ramsey model. In our set-up there are important deviations
from both rational expectations and purely adaptive learning. Our
approach could be applied to many macroeconomic frameworks. |
en |
dc.description.sponsorship |
Financial support from National Science Foundation Grant No. SES-0617859 and
ESRC grant RES-000-23-1152 is gratefully acknowledged. |
en |
dc.format.extent |
389799 bytes |
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dc.format.mimetype |
application/pdf |
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dc.language.iso |
en_US |
en |
dc.publisher |
University of Oregon, Dept of Economics |
en |
dc.relation.ispartofseries |
University of Oregon Economics Department Working Papers ; |
en |
dc.relation.ispartofseries |
2007-5 |
en |
dc.subject |
Taxation |
en |
dc.subject |
Expectations |
en |
dc.subject |
Ramsey model |
en |
dc.title |
Anticipated Fiscal Policy and Adaptive Learning |
en |
dc.type |
Working Paper |
en |