Are policy variables exogenous? : the econometric implications of learning while maximizing /

This book explores the econometric implications of a policy-maker's learning. In a simple discrete model the policymaker maximizes the discounted sum of tax revenues subject to a constraint which involves an unknown parameter specifying the occurrence of Bayesian learning. An optimal balance ne...

Full description

Bibliographic Details

Main Author:	Horváth, Balázs
Corporate Author:	SpringerLink (Online service)
Format:	eBook
Language:	English
Published:	Berlin : Springer, 1991.
Series:	Lecture notes in economics and mathematical systems ; 364.
Subjects:	Economic policy. Electronic books.
Online Access:	Connect to the full text of this electronic book