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A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Gasteiger, E. & Zhang, S. (2014). Anticipation, learning and welfare: the case of distortionary taxation. Journal of Economic Dynamics and Control. 39, 113-126
Exportar Referência (IEEE) 
E. M. Gasteiger and S. Zhang,  "Anticipation, learning and welfare: the case of distortionary taxation", in Journal of Economic Dynamics and Control, vol. 39, pp. 113-126, 2014
Exportar BibTeX 
@article{gasteiger2014_1734883437588,
	author = "Gasteiger, E. and Zhang, S.",
	title = "Anticipation, learning and welfare: the case of distortionary taxation",
	journal = "Journal of Economic Dynamics and Control",
	year = "2014",
	volume = "39",
	number = "",
	doi = "10.1016/j.jedc.2013.11.012",
	pages = "113-126",
	url = "http://www.sciencedirect.com/science/article/pii/S0165188913002364"
}
Exportar RIS 
TY  - JOUR
TI  - Anticipation, learning and welfare: the case of distortionary taxation
T2  - Journal of Economic Dynamics and Control
VL  - 39
AU  - Gasteiger, E.
AU  - Zhang, S.
PY  - 2014
SP  - 113-126
SN  - 0165-1889
DO  - 10.1016/j.jedc.2013.11.012
UR  - http://www.sciencedirect.com/science/article/pii/S0165188913002364
AB  - We study the impact of anticipated fiscal policy changes in a Ramsey economy where agents form long-horizon expectations using adaptive learning. We extend the existing framework by introducing distortionary taxes as well as elastic labor supply, which makes agents' decisions non-predetermined but more realistic. We detect that the dynamic responses to anticipated tax changes under learning have oscillatory behavior that can be interpreted as self-fulfilling waves of optimism and pessimism emerging from systematic forecast errors. Moreover, we demonstrate that these waves can have important implications for the welfare consequences of fiscal reforms
ER  -