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Barro-Gordon revisited: Reputational equilibria with inferential expectations

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Date

2011

Authors

Henckel, Timo
Menzies, Gordon
Prokhovnik, Nick
Zizzo, Daniel

Journal Title

Journal ISSN

Volume Title

Publisher

Elsevier

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.

Description

Keywords

Citation

URI

http://hdl.handle.net/1885/26247

Collections

Open Access Research

Source

Economics Letters

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1016/j.econlet.2011.03.031

Restricted until

2037-12-31

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01_Henckel_Barro-Gordon_revisited:_2011.pdf (227.18 KB)

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