Fiscal Foresight and Information Flows

Working Paper No. 12/153

Nopic
News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading example of foresight, simple theory makes transparent... READ MORE...

Publication date: June 2012
ISBN 9781475504354
$18.00

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Publication date: June 2012

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Publication date: June 2012

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