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Foresight and Information Flows

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NBER2011-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16951
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News--or foresight--about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading example of
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2011-04-01
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