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Anticipated Fiscal Policy and Adaptive Learning

Evans, G.W.; Honkapohja, S.; Mitra, K. - Faculty of Economics, University of Cambridge - 2007

We consider the impact of anticipated policy changes when agents form expectations using adaptive learning rather than … rational expectations. To model this we assume that agents combine limited structural knowledge with a standard adaptive …-up there are important deviations from both rational expectations and purely adaptive learning. Our approach could be applied …

Persistent link: https://www.econbiz.de/10005113861

Coalition Bargaining with Competition to Make Offers.

Evans, R. - Faculty of Economics, University of Cambridge - 1995

Persistent link: https://www.econbiz.de/10005489328

Renegotiation in Repeated Games with Transfers.

Baliga, S.; Evans, R. - Faculty of Economics, University of Cambridge - 1996

We consider repeated games with transferable utility: players have an endowment of wealth in each period in which transfers can be made. We show that if endowments are large enough and the comon discount factor high enough, then a trongly renegotiation-proof equilibrium (SRP) in the sense of...

Persistent link: https://www.econbiz.de/10005113831

Was Brazil's recent growth acceleration the world's most overrated boom?

Palma, J.G. - Faculty of Economics, University of Cambridge - 2012

As soon as international financial markets felt reassured in 2003 by the surprisingly neoliberal orientation of President Lula’s government, the ‘spot-the-new-Latin-tiger’ financial brigade became dazzled by Brazil — they just couldn’t have enough of it. So much so, that they had...

Persistent link: https://www.econbiz.de/10010699816

The Influence of Product Markets on Industrial Relations

Brown, W. - Faculty of Economics, University of Cambridge - 2006

Product markets are the foundation on which industrial relations institutions are built. Trade union strength is partly dependent upon the state of the labour market, but it is imperfections in the product market that are the precondition of their winning benefits for their members. Sectoral...

Persistent link: https://www.econbiz.de/10005113775

Multivariate Linear Rational Expectations Models: Characterisation of the Nature of the Solutions and Their Fully Recursive Computation.

Binder, M.; Pesaran, H. - Faculty of Economics, University of Cambridge - 1996

In this paper, we analyze a general multivariate linear rational expectations model. …

Persistent link: https://www.econbiz.de/10005783737

A Discrete-Time Version of Target Zone Models with Jumps.

Pesaran, H.M.; Ruge-Murcia, F.J. - Faculty of Economics, University of Cambridge - 1995

Persistent link: https://www.econbiz.de/10005783803

ESTIMATING LIMITED-DEPENDENCE RATIONAL EXOECTATIONS MODELS.

PESARAN, M.H.; SAMIEI, H. - Faculty of Economics, University of Cambridge - 1990

Persistent link: https://www.econbiz.de/10005272592

Expectations Fromation and Business Cycle Fluctuations : An Empirical Analysis of Actual and Expected Output in UK Manufacturing, 1975-1993.

Lee, K. - Faculty of Economics, University of Cambridge - 1995

Persistent link: https://www.econbiz.de/10005274287

Decision-Making in the Presence of Heterogeneous Information and Social Interactions.

Binder, M.; Pesaran, M.H. - Faculty of Economics, University of Cambridge - 1995

Persistent link: https://www.econbiz.de/10005207829