Weiterempfehlen

Bookmark and Share


Do fiscal variables affect fiscal expectations? Experiments with real world and lab data

[Zeitschriftenartikel]

Bernasconi, Michele; Kirchkamp, Oliver; Paruolo, Paolo

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-292141

Weitere Angaben:
Abstract We generate observable expectations about fiscal variables through laboratory experiments using real world data from several European countries as stimuli. We compare a VAR model of expectations for data that is presented in a fiscal frame with one for neutrally presented data. We test the validity of the setup and find that participants understand the meaning of the fiscal variables, but also that their ability to perceive the correct characteristics of fiscal policy is limited. Expectations are consistent neither with rational nor with purely adaptive expectations, but instead follow an augmented-adaptive scheme.
Klassifikation Erhebungstechniken und Analysetechniken der Sozialwissenschaften
Sprache Dokument Englisch
Publikationsjahr 2009
Seitenangabe S. 253-265
Zeitschriftentitel Journal of Economic Behavior & Organization, 70 (2009) 1-2
DOI http://dx.doi.org/10.1016/j.jebo.2008.11.002
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
top