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FISCAL FORESIGHT AND INFORMATION FLOWS ERIC M. LEEPER, TODD B. WALKER, AND SHU-CHUN SUSAN YANG Abstract. News—or foresight—about future economic fundamentals can create rational expectations equilibria with non-funda
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Document Date: 2012-04-10 14:44:03
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FISCAL FORESIGHT AND INFORMATION FLOWS ERIC M. LEEPER, TODD B. WALKER, AND SHU-CHUN SUSAN YANG Abstract. News—or foresight—about future economic fundamentals can create rational expectations equilibria with non-funda