FISCAL POLICY MULTIPLIERS IN AN RBC MODEL WITH LEARNING
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DOI: 10.1017/s1365100516001176
Abstract: 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 for government purchases… read more here.
Keywords: multipliers rbc; fiscal policy; policy; rbc model ... See more keywords