Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2011
model it uses. The model’s choice is constrained by a set of autocoherence conditions that state that, in equilibrium, if … the other hand, the economists’ margin of manoeuver is constrained by the autocoherence conditions. Here, a "progressive … fiscal policy and reject the hypothesized value of the multiplier. In some cases, autocoherence induces the experts to make …