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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Main Authors: | , , |
Format: | Electronic eBook |
Language: | English |
Published: |
[Washington, D.C.] :
International Monetary Fund,
2012
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Series: | IMF working paper ;
WP/12/153. |
Subjects: | |
Local Note: | ProQuest Ebook Central |