Bernasconi, Michele; Kirchkamp, Oliver; Paruolo, Paolo - 2006
fiscal
policy on the private sector. Little, however, is known on the actual way
people form expectations on fiscal variables … on the conduct of government fiscal
policy.
2
1994), expectations in normal-form games (Costa-Gomes and Crawford,
2001 … between the
lab and the real economy.
In this paper we study the process of forming expectations on fiscal policy.
We combine …