Learning about fiscal policy and the effects of policy uncertainty

Josef Hollmayr and Christian Matthes

Journal of Economic Dynamics and Control, 2015, vol. 59, issue C, 142-162

Abstract: In this paper we ask how uncertainty about fiscal policy affects the impact of fiscal policy changes on the economy when the government tries to counteract a deep recession. The agents in our model are uncertain about the conduct of fiscal policy and act as econometricians by estimating fiscal policy rules that might change over time.

Keywords: DSGE; Fiscal policy; Learning (search for similar items in EconPapers)
JEL-codes: D83 E32 E62 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (16)

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Related works:
Working Paper: Learning about fiscal policy and the effects of policy uncertainty (2013)
Working Paper: Learning about fiscal policy and the effects of policy uncertainty (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:59:y:2015:i:c:p:142-162

DOI: 10.1016/j.jedc.2015.08.002

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