Now showing items 1-3 of 3

  • 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 ...
  • Policy change and learning in the RBC model 

    Mitra, Kaushik; Evans, George W; Honkapohja, Seppo (2013-10) - Journal article
    What is the impact of surprise and anticipated policy changes when agents form expectations using adaptive learning rather than rational expectations? We examine this issue using the standard stochastic real business cycle ...