Over 2000 books to read online or download to your PC, Kindle, Android, iPad, iPhone and any electronic book reader
Find an eBook by title or author...

 Electronic books  Economics and Business  Econometrics 

Fiscal Foresight: Analytics and Econometrics
Multiple Authors
eBook Edition: 2008

This paper develops an analytical framework to study the econometric implications of fiscal foresight. Simple theoretical examples show that foresight produces equilibrium time series with a non-invertible moving average component, which misaligns the agents’ and the econometrician’s information sets in estimated VARs. Also offers a formal interpretation of the narrative approach to identifying fiscal policy.

eBook Contents

Introduction - Evidence of Fiscal Foresight - Analytical Example - The Econometrics of Foresight - Assessing the Ex-Post Approach - Assessing the Ex-Ante Approach - Concluding Remarks – References

eBook License: Copyrighted (Personal Use Only) 

Free PDF eBook - 413 Kb - 46 pages