Expectations, Learning, and Discretionary Policymaking by Christian Jensen

Expectations, Learning, and Discretionary Policymaking

Christian Jensen

24 pages missing pub info (editions)

nonfiction politics
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When policy forecasts are based on the policymaker's present and past actions, current policy affects expectations of future policy, contrary to what happens when forecasters can replicate policymaking perfectly. We show that when forecasts are ge...

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