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Note that, in this case, beliefs πit depend on past actions yi,t´1, so (6) does not hold · 2010

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econ.EM 1

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2023 1

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Estimating Individual Responses when Tomorrow Matters

econ.EM · 2023-10-13 · unverdicted · novelty 6.0

A new method estimates expectation-driven responses to policy changes via average partial effects on panel expectation data, with an application to Italian consumption showing beliefs affect tax policy impacts.

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  • Estimating Individual Responses when Tomorrow Matters econ.EM · 2023-10-13 · unverdicted · none · ref 3

    A new method estimates expectation-driven responses to policy changes via average partial effects on panel expectation data, with an application to Italian consumption showing beliefs affect tax policy impacts.