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http://hdl.handle.net/10071/9505
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Campo DC | Valor | Idioma |
---|---|---|
dc.contributor.author | Gasteiger, E. | - |
dc.contributor.author | Zhang, S. | - |
dc.date.accessioned | 2015-07-31T11:47:11Z | - |
dc.date.available | 2015-07-31T11:47:11Z | - |
dc.date.issued | 2014 | - |
dc.identifier.issn | 0165-1889 | por |
dc.identifier.uri | https://ciencia.iscte-iul.pt/public/pub/id/20212 | - |
dc.identifier.uri | http://hdl.handle.net/10071/9505 | - |
dc.description | WOS:000331503600007 (Nº de Acesso Web of Science) | - |
dc.description.abstract | We study the impact of anticipated fiscal policy changes in a Ramsey economy where agents form long-horizon expectations using adaptive learning. We extend the existing framework by introducing distortionary taxes as well as elastic labor supply, which makes agents' decisions non-predetermined but more realistic. We detect that the dynamic responses to anticipated tax changes under learning have oscillatory behavior that can be interpreted as self-fulfilling waves of optimism and pessimism emerging from systematic forecast errors. Moreover, we demonstrate that these waves can have important implications for the welfare consequences of fiscal reforms | por |
dc.language.iso | eng | por |
dc.publisher | Elsevier | por |
dc.rights | openAccess | por |
dc.subject | Fiscal policy | por |
dc.subject | Adaptive learning | por |
dc.subject | Oscillations | por |
dc.subject | Welfare | por |
dc.title | Anticipation, learning and welfare: the case of distortionary taxation | por |
dc.type | article | en_US |
dc.pagination | 113-126 | por |
dc.publicationstatus | Publicado | por |
dc.peerreviewed | Sim | por |
dc.relation.publisherversion | The definitive version is available at: http://dx.doi.org/10.1016/j.jedc.2013.11.012 | por |
dc.journal | Journal of Economic Dynamics and Control | por |
dc.distribution | Internacional | por |
dc.volume | 39 | por |
degois.publication.firstPage | 113 | por |
degois.publication.lastPage | 126 | por |
degois.publication.title | Journal of Economic Dynamics and Control | por |
dc.date.updated | 2015-07-31T11:45:16Z | - |
Aparece nas coleções: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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pre_print_Journal_of_Economic_Dynamics_and_Control.pdf | 413 kB | Adobe PDF | Ver/Abrir |
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