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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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2012
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| Edition: | 1st ed |
| Series: | IMF Working Papers; Working Paper ;
No. 2012/153 |
| Subjects: |