Now showing items 1-2 of 2

  • Fiscal policy and learning 

    Mitra, Kaushik; Evans, George W; Honkapohja, Seppo (University of St Andrews, 2012-01) - Working or discussion paper
    Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). The output multipliers ...
  • Fiscal policy multipliers in an RBC model with learning 

    Mitra, Kaushik; Evans, George William; Honkapohja, Seppo (2016-09-20) - Journal article
    Using the standard real business cycle model with lump-sum taxes, we analyze the impact of fiscal policy when agents form expectations using adaptive learning rather than rational expectations (RE). The output multipliers ...