Are policy variables exogenous? The econometric implications of learning while maximizing

DOI10.1007/978-3-642-58211-0MaRDI QIDQ1202130zbMATH OpenOpenAlexFDO

Authors Balazs Horvath

Publication date 23 January 1993

Published in Lecture Notes in Economics and Mathematical Systems (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/978-3-642-58211-0

zbMATH Keywords

dynamic optimizationBayesian learningsimulation analysisdiscounted sum of tax revenueseconometric exogeneity of policy variablesexogeneity testsLaffer curverational expectations theorystochastic multiperiod optimization problemtheory of learning

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming (90-02) Research exposition (monographs, survey articles) pertaining to statistics (62-02) Economic growth models (91B62)

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