Are Policy Variables Exogenous?: The Econometric Implications of Learning while Maximizing (Lecture Notes in Economics and Mathematical Systems)

Horvath, Balazs

ISBN 10: 3540542876 / ISBN 13: 9783540542872

Edité par Springer, 1991

A propos de cet article

Like New.

N° de réf. du vendeur ERICA79035405428766

Détails bibliographiques

• Titre: Are Policy Variables Exogenous?: The Econometric Implications of Learning while Maximizing (Lecture Notes in Economics and Mathematical Systems)
• Éditeur: Springer
• Date de parution: 1991
• Langue: anglais
• ISBN à 10 chiffres: 3540542876
• ISBN à 13 chiffres: 9783540542872
• Reliure: Paperback
• État de l'article: Like New
• Type de livre: book

A propos de ce titre

Synopsis

This book demonstrates that Bayesian learning by rational policymakers affects the exogeneity status of policy variables in econometric models by creating an intertemporal informational feedback. This phenomenon is empirically detectable using exogeneity tests. This makes the book relevant for empirical, as well as theoretical econometricians.