Rational Expectations and Policy Credibility Following a Change in Regime

DOI10.2307/2297617MaRDI QIDQ3220293zbMATH OpenOpenAlexFDO

Authors David K. Backus, John Driffill

Publication date 1985

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2297617

zbMATH Keywords

change in regimerational expectationsmixed strategiesBayesian learningdynamic path of an economygame between the government and the private sectormacroeconomic policy game

Mathematics Subject Classification ID

Noncooperative games (91A10) Other game-theoretic models (91A40) Economic growth models (91B62)

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