Fiscal foresight and information flows /

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 o...

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Bibliographic Details
Online Access: Full text (MCPHS users only)
Main Authors: Leeper, Eric Michael (Author), Walker, Todd B. (Todd Bruce) (Author), Yang, Shu-Chun Susan, 1971- (Author)
Format: Electronic eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, 2012
Series:IMF working paper ; WP/12/153.
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Local Note:ProQuest Ebook Central