Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100609
Authors: 
Hollmayr, Josef
Matthes, Christian
Year of Publication: 
2014
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik - Session: Austerity D19-V1
Abstract: 
The interaction between monetary and fiscal policy and the associated uncertainty about this interaction have been put on center stage by the recent financial crisis and the associated recession. In our model agents learn about both fiscal and monetary policy rules via the Kalman Filter. In particular, we study how an economy populated with agents acting as econometricians reacts to discrete changes in the actual policy rules.
JEL: 
E32
D83
E62
Document Type: 
Conference Paper

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