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 which is presented in a fiscal frame …. Agents' expectations are found neither to be consistent with rational nor with purely adaptive expectations but, instead …

We generate observable expectations about fiscal variables through laboratory experiments using real world data from … several European countries as stimuli.We estimate an econometric model of individual expectations for fiscal policy, which … nests various theories of expectations-forming and encompasses both micro- and macro- economic lines of research on fiscal …

We generate observable expectations about fiscal variables through laboratory experiments using real world data from … several European countries as stimuli. We estimate an econometric model of individual expectations for fiscal policy, which … nests various theories of expectations--forming and encompasses both micro- and macro- economic lines of research on fiscal …

should intervene in the business cycle. Following Ramey (2011b), we include expectations held by consumers and firms into the … findings also underscore the need to account for expectations, as failing to do so leads to significant misinterpretation of …

durable spending. Possible channels for these effects include more optimistic macroeconomic expectations and higher trust in …

should intervene in the business cycle. Following Ramey (2011b), we include expectations held by consumers and firms into the … findings also underscore the need to account for expectations, as failing to do so leads to significant misinterpretation of …

durable spending. Possible channels for these effects include more optimistic macroeconomic expectations and higher trust in …

durable spending. Possible channels for these effects include more optimistic macroeconomic expectations and higher trust in …

durable spending. Possible channels for these effects include more optimistic macroeconomic expectations and higher trust in …

durable spending. Possible channels for these effects include more optimistic macroeconomic expectations and higher trust in …