Barro-Gordon revisited: Reputational equilibria with inferential expectations

Henckel, Timo, Menzies, Gordon D., Prokhovnik, Nick and Zizzo, Daniel J. (2011) Barro-Gordon revisited: Reputational equilibria with inferential expectations. Economic Letters, 112 (2). pp. 144-147.

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Abstract

We incorporate inferential expectations into the Barro–Gordon model (Barro and Gordon, 1983a) of time inconsistency and consider reputational equilibria. The range of sustainable equilibria shrinks as the private sector becomes more belief-conservative.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences > School of Economics
Depositing User:	Gina Neff
Date Deposited:	29 Mar 2011 09:45
Last Modified:	24 Jan 2024 01:19
URI:	https://ueaeprints.uea.ac.uk/id/eprint/27367
DOI:	10.1016/j.econlet.2011.03.031

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